Cresval Capital Corp. Provides Corporate Update

Cresval Capital Corp. (TSXV:CRV) (“

Cresval

” or the “

Company

”) wishes to update shareholders on the status of the pending business combination with Tess Inc. (see news release dated January 17, 2018).  Cresval is pleased to report that it received conditional acceptance by the TSX Venture Exchange on the plan of arrangment.  Cresval will proceed with setting a date for its next Annual General and Special Meeting to approve the plan of arrangement, and file a Petition for court approval of the proxy materials and plan of arrangementas soon as practicable.

For further information please contact:

Lee Ann Wolfin President and Chief Executive Officer Telephone: [phone] Email: [e-mail]

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.