Ivrnet Inc. (TSX.V: IVI) ('Ivrnet' or the 'Company') announces that it will be relying on the extension period granted by the various securities commissions in Canada as a result of the COVID19 pandemic in respect of the following filing requirements.

In addition, the Company also intends to rely on this extension period to extend the date by which it must, under applicable securities laws, deliver an annual request form as required pursuant to sections 4.6(1) of NI 51-102 and the Annual Filings and Interim Filings as required pursuant to sections 4.6(3), 4.6(5), 5.6(1) and 5.6(3) of NI 51- 102. The Company also announced that it has changed its auditor. MNP resigned as auditor of the Company and Kenway Mack Slusarchuk Stewart LLP was appointed as the successor auditor of the Company and will be auditing the Annual Financial Statements. The Company is also relying on this extension period to extend the date by which it must file the required documents regarding this change of auditor (the 'Change of Auditor Filings') The Company is continuing to work diligently and expeditiously to file and deliver the Annual Filings, Change of Auditor Filings and annual request form on or before June 14, 2020 and to file and deliver its Interim Filings on or before July 14, 2020. In the interim, management and other insiders of the Company are subject to a trading black- S2663528 - V1 out policy that reflects the principles in Section 9 of National Policy 11-207, Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. As of the date of this news release, there have been no material business developments since the filing of the Company's interim consolidated financial statements for the period ended September 30, 2019 other than as set out in the Company's news release dated January 7, 2020 announcing the closing of a $515,174 private placement by the Company and that the Company had 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.

Contact:

Email: investors@ivrnet.com

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