Vancouver, British Columbia. / TheNewswire / November 21, 2016 – Maccabi Ventures Inc. (“Maccabi”) (CSE: MBE) announces that Simon Yang, a director of Maccabi, has been appointed Chief Executive Officer, Chief Financial Officer and Secretary of Maccabi. In connection with Mr. Yang’s appointments, Richard Penn has resigned as Chief Executive Officer and President and Roman Rubin has resigned as Chief Financial Officer, Secretary and as a director. Mr. Penn remains on the Board of Directors of Maccabi.

On behalf of the Board of Directors

Simon Yang

Chief Executive Officer and Chief Financial Officer

Maccabi Ventures Inc.