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NEWS RELEASE   |   Tuesday, August 13th, 2019

Camarico Construction executes Georgetown Development Contract

Camarico Construction Ltd. (“CamCon”) a wholly owned subsidiary of Camarico Investment Group Ltd. (CSE: CIG) ("Camarico" or the "Company") has been awarded a major Engineering, Procurement and Construction (EPC) contract by Camarico Land & Development Corp’s Georgetown Cannabis Project located in the County of Vulcan, Alberta Canada.

Camarico Land & Development Corp is a related party to CamCon and is a wholly owned subsidiary of Camarico Investment Group.

The Phase I Georgetown development was conditionally permitted on February 6th, 2019. Phase I consist of 75-acres and is comprised of 18 – 19 lots with a single 58,000 SQFT building on each lot services by company owned private utilities. The company has a total of 320 acres zoned under “direct control” for the purpose of cannabis cultivation with an additional 1,440 acres under option for future development.

CamCon will execute this project under a lump sum and reimbursable basis. It will cover the EPC of Georgetown Phase I and associated topsides, which will be developed in accordance to the terms and conditions set out by the County of Vulcan, Health Canada and applicable building code.

Mackenzie Loree CEO & Director at Camarico Investment Group, commented:

“We are extremely honored to engage our integrated business and investment model to deliver Georgetown, the most ambitious and innovative cannabis project on the market. The implementation of a Camarico Construction within Georgetown is a strategic development of core portfolio interests for the continued and rapid expansion of conceptualization to cash flowing opportunities.”

For further information regarding Camarico, see the Company's profile on SEDAR at www.sedar.com.

Primary Contact:
Mackenzie Loree, CEO
1-403-861-6779
mloree@cerusenergy.com

Neither the TSX Venture Exchange, Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company’s beliefs, plans, expectations, anticipations, estimates and intentions. The words “may”, “could”, “should”, “would”, “suspect”, “outlook”, “believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “target” and similar words and expressions are used to identify forward-looking information. The forward-looking information in this news release describes the Company’s expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events.

When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.