Bluedrop Announces Results of Annual General Meeting of Shareholders and Issuance of Stock Options

ST. JOHN’S, Newfoundland and Labrador--()--Bluedrop Performance Learning Inc. (TSX-V:BPL) ("Bluedrop" or the “Company”) is pleased to announce that the shareholders approved all of the proposals put forward by the Board of Directors at the annual general meeting of shareholders held on March 8, 2016 (the “Meeting”). At the Meeting, the shareholders re-elected Emad Rizkalla, Derrick Rowe, Andrew Youngman, Paul Sparkes and Tom Astle as directors of Bluedrop to hold office until their successors are duly elected or appointed.

In addition, at the Meeting, Grant Thornton LLP were re-appointed as auditors of Bluedrop until the next annual meeting of shareholders or until a successor is appointed, and the shareholders authorized the directors of Bluedrop to fix the auditors’ remuneration.

Bluedrop is also pleased to announce the granting of incentive stock options to certain officers and employees to purchase up to 700,000 common shares under its Incentive Stock Option Plan. The options will expire on March 8, 2021 and vest over a three year period as follows: 10% at time of grant; 20% on the first anniversary date; 20% on the second anniversary date and 50% on the third anniversary date. The options are exercisable at a price of $0.11 per share.

The Board of Directors would like to thank the shareholders for their ongoing support.

About Bluedrop

Bluedrop Performance Learning Inc. (TSX-V: BPL) is an innovator in workplace training for individuals, corporations, military personnel and the public sector. Bluedrop is transforming the workplace by designing, developing and delivering practical, actionable and affordable training content that improves individual and overall performance of organizations. For more information, visit www.bluedrop.com.

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.

Contacts

Bluedrop Performance Learning Inc.
Shanelle Clowe, 709-699-2902
Marketing/Communications
shanelleclowe@bluedrop.com

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