DealNet Announces Results of 2015 Annual and Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwired - Oct. 23, 2015) - DealNet Capital Corp. ("DealNet" or the "Company") (TSX VENTURE:DLS), is pleased to announce the results of its annual and special meeting of shareholders held on October 23, 2015 in Toronto, Ontario.

All of the proposed nominees were elected as directors of the Company to serve until the next annual meeting of shareholders. Based on individual voting, each director received 100% of the total votes cast for his or her election as a director. The directors of the Company are Harold Bridge, Victoria Davies, Michael Hilmer, Brent Houlden, John Radford and Dr. Steven Small.

Shareholders also voted in favour of all proposed resolutions and special resolutions, including resolutions fixing the number of directors at six, empowering the directors of the Company to determine from time to time the number of directors of the Company and the number of directors of the Company to be elected at an annual meeting, re-appointing Ernst and Young LLP as the Company's auditors, ratifying and approving the Company's Employee Stock Option Plan, confirming the Company's new by-law, approving a reduction in the Company's stated capital and contributed surplus and creating a new class of preferred shares.

A total of 83,017,149 shares were voted, representing 58.27% of the issued and outstanding shares of the Company as of September 8, 2015 (the record date for the meeting).

About DealNet Capital Corp.

DealNet is an engagement enabled consumer finance company that is initially focused on home improvement finance solutions including heating ventilation and air conditioning financing and leasing. DealNet leverages its large scale customer service and engagement technology platform to attract home improvement dealers by providing front and back office services to them resulting in dealer origination growth.

For additional information please visit www.sedar.com.

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