Mobio INsider Welcomes 5 New Social Media Icons: Beau Brooks, Daniel Sahyoune, Jai Brooks, James Yammouni and Luke Brooks, aka 'The Janoskians'

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 12, 2014) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") and portfolio company Mobio ("Mobio") are pleased to announce that the Janoskians have joined Mobio as social media influencers. The Janoskians are a YouTube comedy group, pranksters, singers, entertainers, and stunt performers. The group consists of Beau Brooks, Jai Brooks, Luke Brooks, Daniel Sahyoune, and James Yammouni. Their comedy videos have caught the attention of several celebrities including Justin Bieber and Ellen DeGeneres. They have had over 200 million views worldwide on their YouTube channel and have a total of 6.35 million Twitter followers.

The Janoskians join a long line of celebrity influencers who use Mobio to actively communicate with their fans. These icons are changing the game of how social media is being used to promote unique content that engages fans worldwide. Mobio INsider creates a seamless connection between influencers and their fans and allows for easy communication and stronger relationships. Mobio simplifies fan interactions by enabling influencers to choose and answer fan requests in a streamlined and efficient manner.

"Our fans are the most amazing and we're so stoked to be able to connect with them in a new fun way. Can't wait to start throwing some surprises and answers at our fans!" says The Janoskians.

Mark Binns, CEO of Mobio, said, "The Janoskians have an energetic, devoted following that is growing very quickly. We are excited to add 5 new influencers to Mobio today who each have their own engaged fan base!"

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 visitwww.mobioinsider.com.

About LX Ventures

LX Ventures accelerates high growth technology companies and is vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn their portfolio companies into industry leading organizations. LXV is 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.