TORONTO and DUBLIN, Ireland and LOS ANGELES, July 19, 2018 (GLOBE NEWSWIRE) -- QYOU Media Inc. (TSXV:QYOU) (OTCQB:QYOUF) ("QYOU Media" or the "Company") , a global media company that curates and packages premium 'best-of-the-web' video for multiscreen distribution, is pleased to announce that it has closed its previously announced bought deal short form prospectus offering, including the partial exercise of the underwriters’ over-allotment option (the “ Offering ”). In connection with the Offering, the Company issued 15,500,000 units of the Company (the “ Units ”) and an additional 1,012,500 common share purchase warrants of the Company (the “ Additional Warrants ”) in connection with the partial exercise of the underwriters’ over-allotment option. The Units were sold at a price of $0.20 per Unit and the Additional Warrants were sold at a price of $0.004 per Additional Warrant for aggregate gross proceeds of $3,104,050. The Offering was underwritten by Clarus Securities Inc. and Echelon Wealth Partners Inc.

The Offering also includes a subscription by G. Scott Paterson, Chairman of QYOU Media, for 1,000,000 Units, representing a $200,000 investment.

Each Unit consisted of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “ Unit Warrant ”, and together with the Additional Warrants, the “ Warrants ”). Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of $0.37 per share until July 19, 2020.

Subscriptions by insiders of the Company accounted for approximately $200,000 of the gross proceeds of the Offering. Participation by the insiders in the Offering is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”) by virtue of the exemptions contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101.

The net proceeds from the Offering are expected to be used toward (i) production cost for content creation; (ii) content licensing; (iii) channel delivery; and (iv) working capital and general corporate purposes. For additional details regarding the use of proceeds of the Offering, please see the Company's final short form prospectus dated July 13, 2018, which is available under the Company's profile on SEDAR at www.sedar.com.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of QYOU Media Inc. in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the United States Securities Act of 1933, as amended, and applicable state securities laws, or unless an exemption from such registration is available.

About QYOU Media

QYOU Media Inc. is a fast-growing global media company that curates and packages premium 'best-of-the-web' video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's millennial-focused products including linear television networks, genre-based series, mobile apps, and video-on-demand formats reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Telenor and TATA Sky. More information on QYOU Media can be found at www.theqyou.com.

Contact Information

Holly Searle Platform Communications for QYOU Media +44 (0) 207 486 4900 holly@platformcomms.com

Natasha Roberton VP Marketing, QYOU Media +49 152 2254 7680 tash@qyoutv.com

Jeff Walker Investor Relations for QYOU Media +1 403 221 0915 jeff@howardgroupinc.com

Forward-looking Statements

This press release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including, without limitation, statements regarding the use of proceeds from the Offering. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, although considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Additional risks and uncertainties regarding QYOU Media are described in its publicly available disclosure documents, filed by QYOU on SEDAR at www.sedar.com except as updated herein. The forward-looking statements contained in this news release represent QYOU Media’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Except as required by law, QYOU Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.

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