Facedrive Finalizing Disclosure Related to Completed Transaction

TORONTO–(BUSINESS WIRE)–Facedrive Inc. (“Facedrive” or the “Company”) (TSXV: FD), the Company would like to promptly respond to numerous inquiries as to its trading halt as of this morning. The Company is currently in the process of finalizing disclosure related to a transaction (the “Transaction”) that constitutes, in the understanding of management, material information. Facedrive had first announced that it was in advanced discussions with a global entertainment and predictions platform in its press release dated August 5, 2020 (https://www.businesswire.com/news/home/20200805005366/en/HiQ-Social-App-HiRide-Achieves-Million-Downloads) A formal press release detailing the transaction is anticipated to follow.