February 28, 2024 / Richmond, BC / TheNewswire / ICARUS CAPITAL CORP. (TSXV:ICRS) Icarus Capital Corp (“Icarus”) is pleased to announce that it has received the approval of the TSX Venture Exchange Inc. (the “TSXV”) to complete a transaction whereby Icarus will acquire several entertainment contracts which are owned indirectly by Eric Y. Lapointe, COO, of Icarus.

Icarus will acquire the rights to present two live theatre shows scheduled at the White Rock Players club in 2024 and receive the resulting revenue.

The consideration payable is 200,000 Common shares of Icarus issued to Mr. Lapointe.

About Icarus

Icarus completed its Tier 2 listing on the TSXV on September 29, 2023 and trades as “ICRS”; Icarus  now operates a “Yuk Yuk’s” Comedy Club in Alberta and hosts comedy events in British Columbia.  

Further Information

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed acquisitions and has neither approved nor disapproved the contents of this press release.

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the transactions; the business plans of Icarus; use of funds; and the business and operations of the Issuer. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay and failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

For further information regarding the above, please contact:

Garry Yuill, Chief Executive Officer, Icarus Capital Corp.

Email: garry@icaruscapital.ca

Telephone: (778) 866 - 9041

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES