Use of Proceeds from Private Placement _______________________________________________________

CT DEVELOPERS LTD.

1764 Rathburn Road East, Unit1 Mississauga, Ontario, L4W 2N8 _______________________________________________________

NEWS RELEASE

CT Developers Ltd.

Use of Proceeds from Private Placement _______________________________________________________

April 26, 2018 – Vancouver, British Columbia

CT Developers Ltd. ("CT" or the "Company") (TSXV [NEX]:DEV.H) would like to clarify that the private placement announced on April 3, 2018 is a working capital private placement and as such the proceeds will not be tied to the proposed qualifying transaction which was announced on November 27, 2017. The proceeds are intended to allow the Company to maintain its corporate existence while it seeks to find a business and graduate from NEX.

For further information please contact:

Norman Eyolfson,

President &, Chief Executive Officer

Phone: (416) 884-8601

Statements in this press release regarding CT's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as terms and completion of the Proposed Transaction. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

COMPLETION OF THE PROPOSED TRANSACTION IS SUBJECT TO A NUMBER OF CONDITIONS, INCLUDING BUT NOT LIMITED TO, EXCHANGE ACCEPTANCE. THERE CAN BE NO ASSURANCE THAT THE PROPOSED TRANSACTION WILL BE COMPLETED AS PROPOSED OR AT ALL.

INVESTORS ARE CAUTIONED THAT, EXCEPT AS DISCLOSED IN THE FILING STATEMENT TO BE PREPARED IN CONNECTION WITH THE TRANSACTION, ANY INFORMATION RELEASED OR RECEIVED WITH RESPECT TO THE PROPOSED TRANSACTION MAY NOT BE ACCURATE OR COMPLETE AND SHOULD NOT BE RELIED UPON. TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE.

THE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE PROPOSED TRANSACTION AND HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.

NEITHER THE 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.