MediaValet Retains Virtus Advisory Group to Provide Corporate Communication Services

VANCOUVER, BC--(Marketwired - May 16, 2016) -  MediaValet Inc. (TSX VENTURE: MVP) ("MediaValet" or the "Company"), a leading provider of cloud-based digital asset management software (DAMS), is delighted to announce that it has retained Virtus Advisory Group Inc. ("Virtus"), to develop and implement a strategic corporate communications program to increase the Company's exposure among industry stakeholders and investors across Canada.

In connection with the engagement, Virtus has been awarded a consulting contract that provides a monthly fee of $5,500 and a grant of incentive stock options, which will vest in equal quarterly instalments over 12 months, to acquire 225,000 common shares of the Company at a price of $0.16 per share. The engagement is month-to-month with the anticipated cost over the next twelve months not expected to exceed $70,000. Virtus and its principals are at arms length to the Company.

The terms of the engagement are subject to the approval by the Company's Board of Directors and the TSX Venture Exchange.

About Virtus Advisory Group

Virtus is a Toronto-based consulting firm, providing select private and publicly listed companies with business consulting, capital markets strategy and investor relations services. The company provides expert counsel and access to an unmatched network of investors and capital markets professionals across Canada and the United States. Virtus helps issuers establish the relationships and the investor confidence required to build long-term shareholder value. Visit www.virtusadvisory.com for more information. Virtus is owned and operated by Babak Pedram.

About MediaValet Inc.

MediaValet stands at the forefront of the cloud-based digital asset management industry. Built exclusively on Microsoft Azure and available on 26 highly secure and hyper scalable Microsoft data centers around the world, MediaValet is uniquely equipped to meet the digital asset management needs of any organization, no matter its size, its industry or its location. Cutting-edge technology, exceptional product design, and unlimited friendly customer service are at the core of MediaValet's DNA -- ensuring exceptional customer and user experiences are delivered at all times.

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"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."