Verisante Technology Inc.

Operational Update

Operational update regarding the current RTO transaction with offshore oil supply base company
SIM Co. Ltd.

Vancouver, Canada, January 11, 2019 --(PR.com)-- Verisante Technology Inc. (TSXV: VRS) is pleased
to announce that on October 9, 2018, the company held an AGM and Special meeting of the shareholders
where the shareholders of the company approved the proposed reverse takeover transaction with SIM Co.
Ltd. The shareholders also re-appointed the company's auditors, Fernandez Young LLP, and voted for the
directors of the company to serve until the next AGM.

Verisante continues to work towards completing the reverse takeover with SIM Co. Ltd. Work on the
consolidated financial statements has been completed for 2017 and the company is working to complete
the 2018 statements.

SIM Co. Ltd. continues to work on the preliminary conceptual design and surveys of the proposed oil and
gas offshore supply base ("OSB"). Mr. Aung is the President of SIM Co. Ltd. He is working on the
project in Myanmar and is travelling throughout the region for meetings with potential customers and
engineering, construction and finance companies who are interested in building the OSB and supplying
some of the required financing.

About the RTO:

Verisante has a signed a definitive agreement with SIM Co. Ltd. and its shareholders to acquire all of the
issued and outstanding shares of SIM Co. Ltd. SIM is developing an offshore supply base to service the
oil and gas industry off the coast of Myanmar.

According to the international property valuation by licensed consultants from the USA and Japan,
provided to VRS by SIM, SIM has an asset value of US$39 million from its 184 acres of ocean front land
and the issued government permit to develop and operate an OSB for 30 years. Currently, SIM has no
liabilities or revenues.

The proposed arm's length acquisition (the "Acquisition") is subject to customary conditions, including
exchange acceptance. Upon completion of the Acquisition the issuer will be an Emerging Market Issuer,
and will seek to meet the requirements as an Industrial Issuer, as defined in Exchange Policy 2.10. The
issuer will be operating an OSB that will provide support facilities such as cranes, lifting equipment,
warehouses, waste management and other support services to oil and gas companies operating in the
region. This will constitute a Change of Business ("COB") and a Reverse Takeover ("RTO") as defined
by TSXV Policy 5.2. Please see the company's announcement dated July 9, 2018, for more information
about Myanmar and the proposed OSB.

Verisante continues to seek out strategic partners to take over the development of the Raman technology
for cancer detection as the Company moves forward in completing the RTO with SIM.

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Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange
acceptance and minimum capital requirements. There can be no assurance that the transaction will be
completed as proposed or at all. Investors are cautioned that, except as disclosed in the management
information circular or filing statement to be prepared in connection with the transaction, any information
released or received with respect to the transaction may not be accurate or complete and should not be
relied upon. Trading in the securities of Verisante Technology, Inc. should be considered highly
speculative. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this news release.

Company Contact:
Thomas Braun, CEO
Verisante Technology, Inc.
Email: info@verisante.com

Forward Looking Statements:

This release contains forward-looking statements, including, but not limited to, statements regarding the
future development of a logistics and transportation support business, and the valuation of real estate
assets, all of which statements are subject to market risks, and the possibility that the Company will not
be able to execute its business plan or obtain sufficient customer demand. These statements are made
based upon current expectations and actual results may differ from those projected due to a number of
risks and uncertainties.

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Contact Information:
Verisante Technology Inc.
Thomas Braun, CEO
604-716-5133
Contact via Email

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/774046

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