Virtual Universe Corporation Announces Closing of Its Going Private Transaction

Virtual Universe Corporation (the "Corporation") (TSX VENTURE:VU) is pleased to
announce that it has closed its previously announced amalgamation by way of
arrangement ("Arrangement") on April 18, 2013, whereby all of the common shares
of the Corporation not owned by Lorn Becker, the President and Chief Executive
Officer of the Corporation, and a company controlled by Mr. Becker, have been
exchanged for redeemable shares in Amalco and immediately redeemed for $0.02 per
share. Mr. Becker and the company controlled by him are the sole remaining
shareholders of Amalco which will continue under the name Virtual Universe
Corporation. The former directors of the Corporation have resigned and Mr.
Becker is the sole director and officer of the amalgamated entity. 


The Corporation has received confirmation from the TSX Venture Exchange that
effective at the close of business Wednesday, April 24, 2013, the Common Shares
of the Corporation will be delisted from the Exchange. The Corporation will
concurrently make an application to the Canadian securities regulatory
authorities for an order that the Corporation will no longer be a reporting
issuer (or equivalent) under applicable Canadian securities laws. 


Further details regarding the Arrangement are set out in the Corporation's
notice of special meeting and information circular dated February 4, 2013, which
is available on the Corporation's SEDAR profile at www.sedar.com.


Advisories:

Certain information in this press release is "forward-looking information"
within the meaning of applicable Canadian Securities legislation and is
prospective in nature. Forward-looking information is not based on historical
facts, but rather on current expectations and projections about future events,
and is therefore subject to risks and uncertainties which could cause actual
results to differ materially from the future results expressed or implied by the
forward-looking information. This information generally can be identified by the
use of forward-looking words such as "may", "should", "will", "could", "intend",
"estimate", "plan", "anticipate", "expect", "believe" or "continue", or the
negative thereof or similar variations. The Corporation can give no assurance
that such forward-looking information will prove to have been correct.


The reader is cautioned not to place undue reliance on this forward-looking
information, which speaks only as of the date of this press release.


The Corporation disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information, further
events or otherwise, except as required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Virtual Universe Corporation
Mr. Lorn Becker
President and CEO
(780) 469-7477

Virtual Universe Corporation (TSXV:VU)
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