Ivrnet Inc. (TSX.V: IVI) ('Ivrnet') is pleased to announce that it has raised $515,174.90 via the private placement of 20,606,996 common shares at a price of $0.025 per share.

This is the first closing of a private placement offering by Ivrnet of up to 60,000,000 common shares (the 'Offered Shares') at a price of $0.025 per Offered Share for gross proceeds of up to $1,500,000 (the 'Offering'). The Offering is available to accredited investors and to Ivrnet's existing shareholders resident in Canada (except Newfoundland and Labrador). All Offered Shares to be issued pursuant to the Offering will be subject to a statutory four month hold period. The Offering is being made pursuant to the grant of a discretionary waiver from the TSX Venture Exchange, pursuant to its bulletin dated April 7, 2014, of the TSXV's minimum $0.05 pricing requirement. Further closings of the Offering are subject to receipt of subscription agreements from suitable investors and receipt of TSX Venture Exchange approval. Ivrnet also announces that it has entered into a Third Amending Agreement to the Loan Agreement with its senior commercial lender to revise the repayment terms and amend Ivrnet's financial covenants.

About Ivrnet

IVRnet is a software and communications company that develops, hosts, sells and supports value-added business automation software. The company's products and services are delivered through the Internet and traditional phone network. These applications facilitate automated interaction through personalized communication between people, mass communication for disseminating information to thousands of people concurrently, and personalized communication between people and automated systems.

Forward-looking Information

Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, Ivrnet's intention to complete a private placement of Offered Shares to raise up to $1,500,000, are forward-looking and are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. There is no assurance that Ivrnet will be able to raise any additional funds pursuant to the Offering. Further, there is no assurance that Ivrnet will be able satisfy any conditions to additional closings of the Offering that may arise, including receipt of any required regulatory approvals. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. Ivrnet assumes no obligation to update forwardlooking statements should circumstances or management's estimates or opinions change.

Contact:

Email: investors@ivrnet.com

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