AMPD Ventures Announces Resignation of Board Member

Vancouver, British Columbia - AMPD Ventures Inc. (CSE: AMPD) (OTCQB: AMPDF) (FRA: 2Q0) (“AMPD” or the “Company”), a next-generation digital media tools and technologies provider, announces today that Tanya Woods has resigned from the AMPD Board of Directors and the AMPD Audit Committee, effective December 23rd, 2022.

Ms. Woods’ resignation follows from her decision to take on a new full-time role with increased professional commitments that will limit her availability to actively serve as a director on the AMPD Board of Directors and its Audit Committee. “It has been a privilege to support AMPD’s Board and ambitious corporate vision,” said Woods, “I wish the team all the best as they continue building out next generation technology and computing infrastructure.”

“We are sorry that Tanya is leaving the board and we are very pleased with her input and performance to date,” said Anthony Brown, CEO of AMPD Ventures Inc. “We wish her all the best in her new position and look forward to working with her again in the future in whatever capacity possible.”

AMPD Ventures Inc and its Board of Directors are currently evaluating alternatives with respect to appointing a new independent director to fill the vacancy.

About AMPD Ventures Inc.

AMPD Ventures Inc. (“AMPD”) is building the world’s best suite of tools and technologies for digital content creation and distribution. Through its operating subsidiaries, AMPD Technologies Inc. and Departure Lounge Inc., AMPD is advancing the way that digital content is created and consumed. By combining the power of a high-performance-edge approach to cloud computing with world-leading media production technologies, AMPD enables companies to enter the next era of the internet. The team at AMPD has been leading technological developments within the games and digital media industries for nearly twenty years. AMPD was listed as a public company in 2019. Additional information about the company is available on SEDAR and on our website at http://www.ampd.tech.

For further information about AMPD Ventures Inc., please visit http://www.ampd.tech or contact Neil Simon, CEO, Investor Cubed Inc., Telephone: +1 (647) 258-3310, Email: ac.3rotsevni@nomisn.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Anthony Brown”

Anthony Brown
CEO & Director
AMPD Ventures Inc.
Telephone: +1 (604) 332-3329
Email: hcet.dpma@ri

Cautionary Statement

Forward Looking Statements

Certain statements made herein may contain forward-looking statements or information within the meaning of the applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.