Jiminex Announces RTO Will Not Proceed and Proposed Private Placement

Toronto, Ontario--(Newsfile Corp. - September 18, 2018) - Jiminex Inc. (TSXV: JIM.H) ("Jiminex" or the "Company") announces that it will not be proceeding with the previously announced letter of intent dated June 26, 2018 with Cannabco Pharmaceutical Corp. ("Cannabco") to combine their business operations (the "Transaction"). The proposed business combination was to result in a reverse takeover of the Company by Cannabco and its shareholders. Jiminex's shares were halted from trading upon the announcement of the proposed Transaction on June 27, 2018. It is anticipated that Jiminex will resume trading on the NEX board of the TSX Venture Exchange on September 20, 2018.

In addition, Jiminex is pleased to announce that it intends to complete a non-brokered private placement offering (the "Offering") of up to 10,000,000 common shares (the "Common Shares") at a price of $0.05 per Common Share for gross proceeds of up to $500,000. All Common Shares issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The Offering is subject to receipt of all required regulatory approvals including the approval of the TSX Venture Exchange. The net proceeds of the Offering will be used for the payment of auditor fees, legal fees, and general working capital purposes.

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.

About Jiminex Inc.

Jiminex is a junior mineral exploration company.

For more information, please contact:

Jiminex Inc.
Michael Lerner, CEO & Director
Telephone: 416-710-4906
Email: [email protected]

Cautionary Statements Regarding Forward Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.