Sceptre Ventures Inc. (the 'Company') (SVP.HTSXV) is pleased to announce it has entered into a non-binding term sheet December 23, 2019 (the 'Term Sheet') with IZON Network Inc. (OTC: IZNN), also known as IZON Digital Media Network ('IZON') pursuant to which Sceptre proposes to acquire a 100% interest in IZON.

IZON creates proprietary media & entertainment platforms for premium & niche marketplaces which reach digital out-of-home audiences.

Sceptre is very pleased with the signing of the Term Sheet with IZON for both parties' benefit. After looking at multiple opportunities in which to utilize our CPC it became apparent that IZON Digital Media Network was a growth trajectory company that we wanted to partner and do a transaction with. We are looking forward to finalizing the qualifying transaction and years of success for IZON.' said Mitchell Smith, President and CEO, Sceptre Ventures Inc. Sceptre is a 'capital pool company' under the policies of the TSX Venture Exchange (the 'Exchange'). The acquisition of IZON will constitute Sceptre's 'qualifying transaction' under the policies of the Exchange (the 'Qualifying Transaction'). Upon completion of the Qualifying Transaction, Sceptre will be listed as a Tier 2 Technology Issuer pursuant to the initial listing requirements of the Exchange. The Qualifying Transaction is not a Non-Arm's Length Qualifying Transaction as defined under the policies of the Exchange, and approval from the shareholders of Sceptre is not required.

About IZON Digital Media Network

IZON is an innovator in creating proprietary media & entertainment platforms for premium & niche marketplaces which reach highly targeted captive digital out-of-home audiences. IZON focuses its efforts on verticals where a premium user base already exists and can be engaged utilizing its digital media network. It's first solution has been created as the ultimate digital content and GPS platforms for golf. With a rich feature set for the golfer that include IZON Side Games, Tournaments and a proprietary Companion App courses are finding an entirely new way to provide additional value to their customers. At the same time IZON provides the golf course operator an entire Fleet Management, Agronomic and Operational suite of services to manage their course operations. In addition, IZON has created one of the most unique premium outdoor advertising networks as well with its proprietary Ad server, IZON REACH. Recently the newest vertical of focus was announced, IZON Ride. IZON Ride will provide solutions for the consumers inside of premium fleets of rideshare cars, luxury buses and existing black town car & SUV service vehicles.

About Sceptre Ventures Inc.

Sceptre Ventures Inc. is a Capital Pool Company ('CPC') within the meaning of the policies of the TSX Venture Exchange and has not commenced commercial operations and has no assets other than cash. The Company is currently engaged in identifying and evaluating businesses and assets with a view to completing a Qualifying Transaction under the Exchange's CPC policy.

Contact:

Tel: 604-688-4219

Email: graham@sceptreventures.com

Forward Looking Statements

This news release contains certain statements that may be deemed 'forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forwardlooking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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