Rebel Capital Inc. ('Rebel' or the 'Company') (TSXV: RBL.P) reports that, further to its news releases dated January 30, 2020 and June 15, 2020, it has closed the first tranche of its non-brokered private placement ('Private Placement') of subscription receipts ('Subscription Receipts') at a price of $0.25 per Subscription Receipt.

The Company raised gross proceeds of $4,696,750 from the sale of 18,787,000 Subscription Receipts pursuant to the first tranche of the Private Placement.

Rebel is also pleased to announce that it has filed a filing statement dated June 16, 2020 (the 'Filing Statement') with the TSX Venture Exchange (the 'TSXV') for the previously announced Transaction (as defined below), which is substantially described below and in the Company's press releases dated November 27, 2019, January 30, 2020, April 22, 2020 and June 15, 2020.

About Rebel

Rebel is incorporated under the provisions of the Business Corporations Act (British Columbia) with its registered and head office in Vancouver, British Columbia. Rebel is a 'reporting issuer' in the provinces of Ontario, British Columbia and Alberta. The Rebel shares are currently suspended from trading on the TSXV pending completion of a Qualifying Transaction.

Contact:

Tel: 604-218-0550

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