ProStar Geocorp Strengthens Its Management Team with Vasa Dasan

GRAND JUNCTION, Colo.–(BUSINESS WIRE)–Doxa Energy Ltd (“Doxa” or the “Company”) and ProStar
Geocorp Inc.
(“ProStar”) jointly announce that Vasa Dasan has
joined ProStar’s executive team as Chief Operating Officer and member of
its Board of Directors. Vasa will be responsible for building, managing
and leading the product management, software development, professional
services and customer success at ProStar. He will be managing the
ProStar teams in Colorado, North Carolina and British Columbia, Canada.

Vasanthan ‘Vasa’ Dasan is a respected and renowned technology veteran
known for driving technical strategy, innovation and execution in cloud
computing. Vasa spent more than 15 years of his career at Sun
Microsystems where he served as chief technologist for Sun’s Cloud
Computing Practice and a decade as Distinguished Engineer and CTO for
Sun’s $5.1 billion SunService division. Prior to Sun, Vasa held
engineering positions at Intergraph and Hewlett Packard.

Mr. Dasan stated: “My decision to join ProStar was based on how
impressed I was with their solution, the number of patents that had been
issued to a start-up, and the depth of the development team. Of equal
importance is that ProStar’s cloud and mobile solutions provide a
tremendous opportunity to address a major global issue of damage to
buried infrastructure that impacts the safety of the public and the
environment. ProStar’s technology has the potential to change the way we
view the world. I am very excited to join the management team and to
serve as a Board Director.”

Before joining ProStar, Vasa led the software development efforts at
University of Colorado at Boulder. Prior to that Vasa was the VP of
Engineering at Symplified, a single sign-on startup acquired by RSA, a
division of DELL-EMC. Prior to Symplified, Vasa was the first
engineering hire at Wayin, a mobile and web digital marketing platform
founded by Scott McNealy, co-founder of Sun Microsystems. As CTO, Vasa
built and led the team that developed Wayin’s services for iPhone, iPad
and Android devices and Java backend services operating on Amazon Web
Services.

Page Tucker, CEO at ProStar Geocorp, stated today: “I’m very pleased to
welcome Vasa Dasan to ProStar both as a team member and as a member of
our Board. He is a true technologist who brings an extraordinary set of
leadership, business, engineering, and project management skills to us
in addition to his global network of corporate and academic
relationships.” Tucker continued: “We are now ramping up our operations
in anticipation of being a publicly traded company in just a few months
time and Vasa’s experience in managing multi-billion-dollar companies
and early stage startups will be very beneficial to ProStar in terms of
guidance, creating market value, and meeting our corporate objectives.”

As announced on November 7, 2018, Doxa and ProStar have entered into a
binding letter agreement dated October 26, 2018, as extended, whereby
Doxa will acquire all of the issued and outstanding securities of
ProStar by way of a share exchange, amalgamation or such other form of
business combination as the parties may determine.

Upon completion of the Transaction, Mr. Dasan would join the board of
the resulting issuer and be appointed as its Chief Operating Officer.

About ProStar Geocorp

ProStar is a world leader in developing precision mapping solutions.
ProStar’s precision mapping solutions provide unprecedented geospatial
intelligence, location precision, and transparency. ProStar’s flagship
solution is Transparent Earth®, a natively Cloud and Mobile solution
offered as Software as a Service (SaaS). Transparent Earth is designed
to improve the construction, maintenance and repair of underground
infrastructure and to better protect the worker, the public and the
environment. Visit us at prostarcorp.com.

Forward-Looking Statements

This news release contains certain “forward-looking statements”
including, for example, statements relating to the transaction between
Doxa and ProStar, the proposed composition of the board and management
of the resulting issuer and ProStar’s business plans. Such
forward-looking statements involve risks and uncertainties, both known
and unknown. The results or events depicted in these forward-looking
statements may differ materially from actual results or events. In
addition to other factors and assumptions which may be identified
herein, assumptions have been made regarding and are implicit in, among
other things: receipt of regulatory approvals, the state of the capital
markets, tax issues associated with doing business internationally, the
ability of ProStar to successfully manage the risks inherent in pursuing
business opportunities in the technology industry, and the ability of
ProStar to obtain and maintain qualified staff, equipment and services
in a timely and cost efficient manner to develop its business. Any
forward-looking statement reflects information available to Doxa as of
the date of this news release and, except as may be required by
applicable securities laws, Doxa disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new
information, future events or results or otherwise.

Contacts

ProStar Geocorp
Page Tucker, 970-210-7551
ptucker@prostarcorp.com

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