VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 28, 2013) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that Mobio has signed on the iconic, Grammy-Award winning guitarist SLASH as a social media influencer. As a critically acclaimed musician, film producer, artist, philanthropist, and iconic rock figure, SLASH has amassed album sales nearing an astounding 100 million copies. SLASH has a large and very loyal following of more than 2.6 million Twitter followers and over 11 million Facebook likes.

The Rock and Roll Hall of Fame inductee is a cross generational superstar, a true music icon known by one name, with a diverse and dedicated fan base. He has selected Mobio as his preferred platform to engage with his fans. Through Mobio INsider, SLASH will be able share answers or pictures with his fan base in real time, creating a more personal and dynamic relationship with them.

"Mobio INsider will allow me to leverage my overall fan base over multiple platforms and better connect with them by providing content that my fans want. Follow my twitter stream @Slash and stay tuned for the Mobio launch...it's going to Rock...literally," said Slash.

Mark Binns, president of Mobio, said, "The addition of a music icon and living legend like Slash helps us to further establish our place in the music industry. Slash is the start of our Rock and Metal influencer segment, and allows us to reach a whole new group of fans previously untouched."

About SLASH

As a musician, artist, philanthropist, and iconic rock figure, SLASH has amassed album sales nearing an astounding 100 million copies along with a Grammy Award and seven Grammy nominations, plus countless other accolades, accomplishments and acknowledgements, Time magazine named Slash #2, behind Jimi Hendrix, on its "The Ten Best Electric Guitar Players of All-Time." The Rock and Roll Hall of Fame inductee and original member of iconic rock band Guns N' Roses, SLASH helped the band create signature sounds like the guitar riff of #1 hit "Sweet Child o' Mine" and "Welcome To The Jungle." After leaving the band, SLASH went on to critical acclaim in his personal project Slash's Snakepit, and global success with the supergroup Velvet Revolver and now his solo band. SLASH landed on the top of the charts with his first true solo album, Slash (2010). In 2012, SLASH and his band featuring Myles Kennedy and The Conspirators released the critically acclaimed album Apocalyptic Love which earned Slash his two first-ever #1 rock radio hits: "You're A Lie" and "Standing In The Sun." The album stormed onto the Billboard Top 200 Albums Chart at #4, marking the top rock debut for that week. In October 2013, SLASH released Nothing Left To Fear, the first-ever motion picture he co-produced from Slasher Films, his production company. Nothing Left To Fear was released in select theaters nationwide and is now available on DVD and digital On Demand. For more information: www.slashonline.com

About LX Ventures

LX Ventures is a publicly traded technology accelerator that acquires, integrates and accelerates high growth technology companies. We are 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.

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.mobio.net

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.