Gunpowder Capital Corp., Releases Financial Results for Q2 2018

Toronto, Ontario--(Newsfile Corp. - August 29, 2018) - Gunpowder Capital Corp., (CSE: GPC) (CSE: GPC.PR.A) (OTCQB: GNPWF) (FSE: YS6N) (the "Corporation") released today a summary of its financial results for the Three & Six months ended June 30^th, 2018. Key highlights include:

• Total Revenue increased to $341,458 CDN in Q2 2018 from $255,184 CDN in Q2 2017, representing an increase of 34%.
  
• Total Revenue for the Six months ended June 30, 2018 increased to $643,794 CDN from $349,375 CDN for the Six months ended June 30, 2017, representing an increase of 84%.
  
• Total Assets increased to $ 8,306,028 CDN in Q2 2018 from $ 8,071,818 CDN in Q1 2018, representing a slight increase of 3%.
  
• Net loss was -$ 133,808 CDN in Q2 2018 vs. a net loss of -$ 221,510 CDN in Q2 2017, representing a decrease of 40%.
  
• Fully Diluted EPS improved to $0.00 for Q2 2018 vs. (-$0.01) for Q2 2017.

The Corporation's Unaudited Consolidated Financial Statements and Management's Discussion and Analysis for the Three & Six months ended June 30^th, 2018 have been posted on the Corporation's SEDAR profile page which can be viewed by visiting www.sedar.com and on the Corporation's website, which can be viewed by visiting www.gunpowdercapitalcorp.com.

About Gunpowder Capital Corp.

Gunpowder Capital Corp., is a merchant bank and advisory services firm based in Toronto, Ontario, Canada. Gunpowder invests in both publicly traded and private businesses that have successful management teams and attractive economic models. Gunpowder partners with these businesses to support their growth initiatives with its proven methodology of appropriate financing and structured exits. Gunpowder offers debt financing, including mezzanine and bridge loans, equity financing and advisory services. Gunpowder is also building a portfolio of companies in which it takes a long term position and view. For more information please visit www.gunpowdercapitalcorp.com

For further information please contact:

Mr. Frank Kordy
CEO & Director
Gunpowder Capital Corp.
T: [phone]
E: [e-mail]

Mr. Paul Haber
CFO
Gunpowder Capital Corp.
T: [phone]
E: [e-mail]

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward- looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release. We seek safe harbor.

- 30 -