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YANGAROO Awards and the Hollywood Foreign Press Association Renew Multi-Year Agreement for the Golden Globe® Awards Online Entry Process

August 1, 2018

TORONTO, Aug. 01, 2018 (GLOBE NEWSWIRE) -- YANGAROO Inc. (TSX-V: YOO, OTCBB: YOOIF), the industry’s leading secure digital media management and distribution company, today announced the signing of a renewal with the Hollywood Foreign Press Association (HFPA), the organization behind the Golden Globe® Awards. With options, the term of the renewal is 3 years. YANGAROO will continue to provide its digital awards management platform, which is powered by the company’s patented Digital Media Distribution System (DMDS), a platform that streamlines every aspect of awards show management. The Golden Globe Awards are presented annually to recognize excellence in film and television.

YANGAROO was chosen by the HFPA in 2015 to provide the sole system for the Golden Globe motion picture and television award entries. This partnership with the HFPA collectively involved entries for English-language and foreign-language motion pictures and for television programming submitted for awards in 25 categories. YANGAROO provides, maintains and hosts a digital awards system for the association, allowing Golden Globe Awards applicants to submit their entry forms online. The system also allows for the secure uploading of films, television shows, digital media productions, trailers, photos and more, with content under consideration made available for online viewing or listening by Golden Globe Awards voters.

“The Hollywood Foreign Press Association is pleased to renew the agreement with YANGAROO, our trusted partner when it comes to the Golden Globe Awards online entry process,” said Meher Tatna, HFPA President. “They continue to provide an efficient and secure way for the work of studios, networks, and streaming platforms to easily reach our voters.”

“Our work with the HFPA has been integral to YANGAROO Awards leading the way in online awards management for the Entertainment industry, especially with the secure and user-friendly handling of rich media for awards consideration,” said Gary Moss, President and CEO, YANGAROO Inc. “We’re gratified that the HFPA has chosen to renew with us and look forward to contributing to the Golden Globe Awards annual celebration of excellence in motion picture and television.”

About The Hollywood Foreign Press Association:

The Hollywood Foreign Press Association (HFPA) was founded in 1943 as the Hollywood Foreign Correspondents Association (HFCA) by a group of entertainment journalists representing world media in Hollywood, who realized the need to unite and organize to gain the recognition and access to studios and talent accorded to the domestic press. All qualified journalists were accepted, with the bold goal of “Unity Without Discrimination of Religion or Race”. A year later, the HFCA created the Golden Globe Awards which, to this day, the entire membership selects, votes on and awards every year for outstanding achievements in motion pictures and television. This year marked the 75th anniversary of the Golden Globe Awards. Members of the HFPA represent 56 countries with a combined readership of 250 million in some of the world’s most respected publications. Each year, the organization holds the third most watched awards show on television, the Golden Globe® Awards, which has enabled the organization to donate more than $30 million to entertainment-related charities, scholarship programs and humanitarian efforts over the last 25 years. For more information, please visit www.GoldenGlobes.com and follow us on Twitter (@GoldenGlobes), Instagram (@GoldenGlobes), and Facebook ( www.facebook.com/GoldenGlobes ).

About YANGAROO:

YANGAROO is a company dedicated to digital media management. YANGAROO’s patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform is now the industry standard and powers most of North America’s major awards shows.

YANGAROO has offices in Toronto, New York, and Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF. For further information, please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.

For YANGAROO Investor Inquiries:Gary Moss Phone: (416) 534-0607 ext.111 gary.moss@yangaroo.com

For Press Contacts:The Hollywood Foreign Press Association / Golden Globe AwardsMichael Samonte / Alyssa Furnari GoldenGlobes@SunshineSachs.com 323-822-9300

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

Forward looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of YANGAROO, that may cause the actual results, level of activity, performance or achievements of YANGAROO to be materially different from those expressed or implied by such forward looking statements, including but not limited to: the use of proceeds of the offering, receipt of all necessary approvals of the offering, general business, economic, competitive, political and social uncertainties; negotiation uncertainties and other risks of the technology industry. Although YANGAROO has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause YANGAROO’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, neither YANGAROO assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

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