Interconnect Ventures Corporation Announces Closing of Its Qualifying Transaction and Non-Brokered Private Placement

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


Interconnect Ventures Corporation (TSX VENTURE:IVC) (the "Company") is pleased
to announce that it has closed its qualifying transaction (the "Qualifying
Transaction") and non-brokered private placement, previously announced on June
17, 2013 and more particularly detailed in the Company's information circular
(the "Circular") dated September 18, 2013, a copy of which has been filed on the
Company's SEDAR website at www.sedar.com. As a result of the completion of the
Qualifying Transaction, and upon issuance by the TSX Venture Exchange (the
"Exchange") of a final bulletin (the "Bulletin") approving the Qualifying
Transaction, the Company's classification will formally change from a capital
pool company to a Tier 2 mining issuer. The Company's shares are expected to
resume trading on Friday, November 1, 2013.


The Mineral Property Option Agreement

Pursuant to the terms of a Mineral Property Option Agreement (the "Option
Agreement") dated September 8, 2013 between the Company and Alpha Minerals Inc.
("Alpha"), Alpha granted the Company an option (the "Option") to acquire an
undivided 70% interest in certain mineral claims comprising the "Donna" gold
property located near Vernon, British Columbia. The Company may exercise the
Option by making cash payments to Alpha totaling $100,000 over a period of three
years form the date of the Bulletin, by issuing an aggregate of 400,000 common
shares to Alpha (or as directed by Alpha) over a period of three years from the
date of the Bulletin and undertaking an aggregate of $600,000 in exploration
expenditures on the Donna property over a period of three years from the date of
the Bulletin. The Option will be subject to a 2% net smelter return royalty
payable to the underlying owners of the Donna property.


The Non-Brokered Private Placement

The Company is also pleased to announce that it has completed a non-brokered
private placement of 5,000,000 units (a "Unit") at a price of $0.20 per Unit for
gross proceeds of $1,000,000 (the "Private Placement"). Each Unit is comprised
of one common share and one share purchase warrant (a "Warrant"). Each Warrant
shall entitle the holder to acquire one additional common share in the capital
of the Company for a price of $0.25 until October 24, 2015. The Company will use
the net proceeds of the Private Placement to pay the purchase price for the
assets acquired pursuant to the Qualifying Transaction, to pay for the costs of
the Qualifying Transaction and for general working capital. The Units, common
shares and any securities issued upon exercise of the Warrants are subject to a
four (4) month hold period expiring on February 25, 2014. 


In addition, the Company has paid PI Financial Corp. (the "Finder") a finder's
fee of $50,000 in connection with the Finder introducing certain qualified
investors to the Company. The Company is also pleased to announce that Mr. David
Cross has been appointed as the Company's Chief Financial Officer in place of
Mr. John Ulmer, who will remain a director of the Company.


ON BEHALF OF THE BOARD OF DIRECTORS

Dr. Eyad Al Saleh, Chief Executive Officer and Director

This news release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events, such as the
statements that: (i) the Company expects that it will resume trading on the
Exchange on November 1, 2013; (ii) upon resumption of trading, the Company will
have graduated from being a capital pool company on the Exchange and its stock
symbol will have,changed from "IVC.P" to "IVC"; and (iii) that the Company
intends to use the proceeds from the Offering as set out in the Circular. Such
forward-looking information can include statements based on current expectations
involving a number of risks and uncertainties such as the willingness of the
Exchange to issue its final bulletin and acceptance, current economic conditions
and the state of mineral exploration and mineral prices in general. These risks
and uncertainties could cause actual results and the Company's plans and
objectives to differ materially from those expressed in the forward-looking
information. The Company can offer no guarantee that its goals and objectives in
the Circular will be accomplished, in part or at all. These and all subsequent
written and oral forward-looking information are based on estimates and opinions
of management on the dates that are made and expressly qualified in their
entirety by this notice. Investors are cautioned that trading in the securities
of a capital pool company should be considered highly speculative. The TSX
Venture Exchange has not reviewed and does not accept responsibility for the
accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release. This news release does not constitute an offer to sell or solicitation
of an offer to buy any of the securities in the United States. The securities
have not been and will not be registered under the United States Securities Act
of 1933, as amended (The "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to a U.S. person unless
registered under the U.S. SecuritiesAct and applicable state securities laws or
an exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Interconnect Ventures Corporation
Suite 300-576 Seymour Street
Vancouver, British Columbia, V6B 3K1
(604) 889-2149
(604) 688-6995 (FAX)
Interconnect Ventures (TSXV:IVC)
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