ROSV.P Roosevelt Capital Group

Roosevelt Capital Group Inc. Announces Settlement

Calgary, Alberta--(Newsfile Corp. - October 14, 2020) - Roosevelt Capital Group Inc. (TSXV: ROSV.P) (the "Corporation" or "Roosevelt") a capital pool company as defined under Policy 2.4 - Capital Pool Companies ("CPC") of the TSX Venture Exchange (the "Exchange"), announces that it has settled an outstanding petition in Harris County, Texas with Maxx Sports Technologies Inc. ("Maxx") (the "Settlement Agreement"). Pursuant to the Settlement Agreement, Maxx has agreed to provide a full release for all claims in its petition against all parties including the Corporation, in exchange for USD$80,000 (the "Settlement Amount"), to be paid by the Corporation in connection with the execution of the Settlement Agreement.

For further information regarding this news release, please contact Bruce Bent, Chief Financial Officer of the Corporation at + 1 (905) 567-3431 or by e-mail .

Neither 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 news release.

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the Settlement Agreement and the Settlement Amount. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Roosevelt's disclosure documents on the SEDAR website at . Roosevelt does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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

To view the source version of this press release, please visit

EN
14/10/2020

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