SponsorsOne Inc (SPONF)

[SEMSERUS]

Waterloo, Ontario - TheNewswire - October 22, 2020 - SponsorsOne Inc., (CSE:SPO) (CNSX:SPO.CN) (Frankfurt:5SO), (OTC:SPONF pending) the company that makes small brands BIG through large, engaged, authentic communities of micro-influencers that buy and support the brands they love, announces that it has completed another closing under its non-brokered private placement (the "Private Placement"). On October 13, 2020 SPO announced that it had issued a total of 15,000,000 common shares and incorrectly stipulated that the price per share was $0.01 (for gross proceeds of $150,000). The price under the Private Placement is $0.02 per common share and the gross proceeds realized on the October 13, 2020 closing was $300,000.

In addition to the closing on October 13, 2020, SPO has issued another 11,000,000 common shares under the Private Placement for additional gross proceeds of $220,000. All issuances to date under the Private Placement were debt settlements to arm's length consultants / creditors of SPO.