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Elizabeth Gillies Starts Using Mobio INsider

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/18/14 -- LX Ventures Inc. (TSX VENTURE: LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that American actress, singer and dancer Elizabeth Gillies has joined Mobio as a social media influencer. Elizabeth started her acting career at age twelve, where she quickly moved from doing commercials to a recurring character in NBC's 'The Black Donnellys' in 2007. In 2008, Elizabeth starred in 'The Clique', 'Harold' and '13'. '13' was later moved to Broadway, which highlighted Elizabeth's acting talent and more importantly showcased her singing ability. Since 2009, Elizabeth has played Jade West, the lead character in Nickelodeons 'Victorious'. Elizabeth has also recorded several songs featured on Victorious, in addition to guest starring roles on 'White Collar'. Elizabeth is set to star in Denis Leary's new FX pilot Sex Drugs & Rock & Roll, upcoming Lifetime movie Killing Daddy & new horror flick Animal produced by Drew Barrymore. Elizabeth has a social following of 2.1 million Twitter followers and 2.4 million Facebook fans.

"I love being able to connect with my fans. Mobio is going to give me a new way to do that & I can't wait to explore it," said Elizabeth.

Mark Binns, CEO of Mobio, said, "Liz is one of the hardest working young actresses today, and the entire team is excited to have her onboard. She is a prime example of how to use social media effectively to stay connected to her fans, and with Liz now on Mobio her fans will be able to connect in a whole new way."

About Mobio

Mobio's flagship product, Mobio INsider, is a free fan directed content platform that rewards fans with exclusive content from the stars they love. Using state-of-the-art proprietary technology, the star responds to fan requests for unique, specific content through a highly engaging social experience, while enhancing the star's social media following and boosting awareness of brand partners. To learn more, please visit www.mobioinsider.com

About LX Ventures

LX Ventures accelerates high growth technology companies. LXV is vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com

ON BEHALF OF THE BOARD LX VENTURES INC.

Mike Edwards, CEO

CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulatory 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.

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