PopReach Closes US$7.5 Million Debt Refinancing Facility

PopReach Corporation ("PopReach" or the "Company"), a free-to-play mobile game publisher focused on acquiring and optimizing proven game franchises, is pleased to announce that its wholly-owned subsidiary, PopReach Incorporated, has closed the previously announced US$7.5 million senior secured credit facility (the "New Facility") with a leading Canadian Schedule I Bank (the "Lender"). Principal terms of the New Facility are set out in the Company's previous press release and available on SEDAR at www.sedar.com.

With the closing of the New Facility, PopReach has retired its previous credit facility with US$6.2 million drawn from its new US$6.5 million term facility, maturing in 24 months.

"The closing of this debt facility is an important milestone for PopReach that significantly lowers our cost of capital while providing increased financial flexibility," said Christopher Locke, President, COO, and Co-Founder of PopReach. "We are excited that the Lender, after extended due diligence associated with the New Facility, has decided to partner with PopReach with a view towards long-term growth.

About PopReach Corporation

PopReach, a Tier 1 Technology Issuer on the TSX Venture Exchange, is a free-to-play mobile game publisher focused on acquiring and optimizing proven game franchises. The company has acquired 12 successful game franchises competing mainly in the North American game market, including Smurfs' Village (IP under license), Kitchen Scramble, Gardens of Time, City Girl Life, War of Nations and Kingdoms of Camelot. The company's franchises are enjoyed by over 1.2 million unique players a month. PopReach, headquartered in Toronto, employs a team of over 120 experts in Toronto, and Bangalore.