Clarocity Corporation Announces Retention of Financial Advisor by Strategic Alternatives Committee

 Clarocity Corporation Announces Retention of Financial Advisor by Strategic
                            Alternatives Committee

  Canada NewsWire

  CARLSBAD, CA, Dec. 27, 2017

CARLSBAD, CA, Dec. 27, 2017 /CNW/ - Clarocity Corporation (TSXV:CLY;
OTCQB:CLRYF) (the "Company" or "Clarocity") is pleased to announce that its
Board's Strategic Alternatives Committee has retained Keefe, Bruyette & Woods,
Inc. ("KBW"), an investment bank, as part of the Company's previously
announced strategic alternatives review. KBW has been engaged to provide
certain financial advisory services to the Strategic Alternatives Committee in
connection with certain potential strategic transactions.

There can be no assurance that the Company's strategic alternatives review
will result in the consummation of any transaction or, if a transaction is
undertaken, as to its terms, structure or timing. The Company does not expect
to disclose further developments during this process unless and until
Strategic Alternatives Committee and the Company's Board of Directors have
approved a specific transaction or otherwise determined that disclosure is
appropriate. Any potential transaction will be subject to receipt of all
necessary approvals including acceptance by the TSX Venture Exchange.

About Clarocity Corporation

Clarocity Corporation provides real estate valuation solutions and platform
technologies designed to address today's dynamic housing market. Our
innovative platform is driving the next-generation of valuation solutions such
as MarketValue Pro (MVP) and BPOMerge and setting new standards in real estate
valuation quality and reliability.

Every day GSE, banking, and investor clients rely on our proprietary solutions
to value assets, fund loans, and securitize portfolios. As a fully integrated
technology and valuation services company, Clarocity provides a full spectrum
of appraisal and alternative valuation solutions. For more information, visit
www.clarocity.com .

Neither 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.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy and of the securities in the United States. The securities of the
Company will not be registered under the United States Securities Act of 1933,
as amended the U.S. Securities Act, and may not be offered or sold within the
United States or to, or for the account or benefit of U.S. persons except in
certain transactions exempt from the registration requirements of the U.S.
Securities Act.

The Company believes that the expectations reflected in this news release are
reasonable but actual results may be affected by a variety of variables and
may be materially different from the results or events predicted in the
forward-looking statements. Readers are therefore cautioned not to place undue
reliance on these forward-looking statements. In evaluating forward-looking
statements readers should consider the risk factors which could cause actual
results or events to differ materially from those indicated by such
forward-looking statements. These forward-looking statements are made as of
the date hereof and unless otherwise required by applicable securities laws,
the Company does not intend nor does it undertake any obligation to update or
revise any forward-looking statements.

SOURCE Clarocity Corporation

View original content:
http://www.newswire.ca/en/releases/archive/December2017/27/c3591.html

visit www.clarocity.com or contact: Shane Copeland, CEO, Clarocity
Corporation, 760-208-6460, scopeland@clarocity.com; Babak Pedram, Investor
Relations, Virtus Advisory Group Inc., 416-644-5081,
bpedram@virtusadvisory.com

For further information: visit www.clarocity.com or contact: Shane Copeland,
CEO, Clarocity Corporation, 760-208-6460, scopeland@clarocity.com; Babak
Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081,
bpedram@virtusadvisory.com

CO: Clarocity Corporation

ST: California

NI: REL ORDER
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