Effective April 10, 2017, the board of directors of Invent Ventures, Inc. accepted the resignation of Bryce Knight from his position as Chairman of the Board of Directors and as the Chief Executive Officer of the corporation, including principal executive officer and principal financial officer. Mr. Knight's resignation was not related to any matter relating to the Registrant's operations, policies or practices. Effective April 10, 2017, the board of directors of Invent Ventures, Inc. appointed Tim Symington to the board of directors and as Chief Executive Officer, including principal executive officer and principal financial officer.

Mr. Symington will serve on the board until the next annual shareholders meeting. Mr. Symington is the founder of multiple award-winning venture-backed technology startups and has three successful exits including his 2010 sale of Clowd, Inc. to Invent.