/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Toronto, Ontario – TheNewswire - April 14, 2020 - A-Labs Capital V Corp. (the “Company”) is pleased to announce that on April 14, 2021, it closed a non-brokered private placement of 1,900,000 common shares (the “Private Placement”) at a price of $0.05 per common share. Post financing, the Company has 3,901,281 common shares issued and outstanding. No commission or finder’s fees were paid in connection with the Private Placement.

For further information, contact:

Rita Alter
Chief Executive Officer
Telephone: (972) 545-4914
E-mail: rita@alabs.co

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES, THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1993, AS AMENDED, OR ANY SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.