exactEarth Ltd. announced that it has entered into definitive agreements for a private placement of 13,000 convertible debentures (the "Convertible Debentures") of the Company at a price of $1,000 per Convertible Debenture (the "Offering Price") for aggregate gross proceeds of $13,000,000 (the "Private Placement"). With the refinancing of exactEarth at hand, the Honorable Dennis Kloske and Mr. William (Mac) Evans have confirmed that they will be resigning from the Board of Directors once the Private Placement has been completed, in part to facilitate the appointment of Mr. Lee Matheson to the Board following closing. Mr. Matheson is a partner with Ewing Morris, which has subscribed for $3 million principal amount of Convertible Debentures. Lee Matheson, CFA, is a Partner, Investments, with Ewing Morris. Lee joined Ewing Morris in May 2017. Lee has worked as a securities analyst since 2002.