Exhibit 99.1

LETTER OF INTENT

The purpose of this letter is to set forth certain non-binding understandings between the FIGO Ventures Inc. a Nevada corporation traded on OTCQB under ticker symbol “FIGO”, (the “Purchaser or Company”) and Kashif Khan (the “Primary Sellers”), individually, with respect to the purchase of certain Color diamonds with a market value of US$4 Million from the Primary Seller and certain other selling individuals (collectively, with the Primary Seller, the “Sellers”) on the terms and conditions set forth below. Neither of the parties hereto shall have any rights and obligations with respect to the matters contained herein unless and until a definitive asset purchase agreement and all other agreements relating to the Purchase (collectively, the “Asset Purchase Agreement”) have been executed. The understanding is as follows:

2.            The Purchaser desires to buy US$4 Million of colored diamonds from the Sellers. In exchange: the Purchaser will issue three Demand Convertible Notes totaling US$4 Million (the Notes will be known as: Note A, Note B and Note C) plus One Super Voting Preferred share issued to Note Holder A. At such time that the Asset Purchase Agreement is signed the following actions will take place:

3.            Once the Definitive Agreement is executed FIGO will file a Post effective Registration Statement to re-register the 7,500,000 shares of common stock (375,000 post split shares) already converted by the three Note holders described in 1.d. above and the remaining shares of common stock not yet converted under the three Notes totaling 12,500,000 shares plus shares for accrued interest.

4.            Once the Asset Purchase Agreement is completed new company management will seek to raise a Minimum of US$5 Million to a maximum of US$20 Million in Equity Capital.

5.            The obligations of the Company to consummate the Purchase and the obligation of the Sellers to consummate the Sale shall be subject to the fulfillment of the following conditions by both the Company and Seller:

6.           The Purchaser and the Primary Seller shall use their reasonable efforts to conclude negotiations and execute and deliver the Asset Purchase Agreement no later than July 15, 2015. The Asset Purchase Agreement shall contain customary representations and warranties, covenants, closing conditions and indemnities by the Primary Seller. Upon execution of the Asset Purchase Agreement, the Purchaser and the Primary Seller will use their reasonable best efforts to close the Purchase within 7 days, subject to any waiting periods required by applicable laws, rules, or regulations.

7.           In connection with the proposed transaction , FIGO and its representatives will provide full and complete access to all books, records, contracts, facilities and personnel of FIGO, so that Seller may conduct its due diligence investigation of the FIGO. The Primary Seller agrees to provide access to any information regarding the valuation of the color Diamond portfolio and will provide any and all documents needed by FIGO’s auditors and attorney to establish valuation and provenance of said diamond portfolio.

8.           Each of the Company and the Primary Seller agree that materials disclosed to the other party hereunder to evaluate various aspects of the Purchase may contain proprietary confidential information and trade secrets, and that the disclosure and unauthorized use of such information could cause irreparable injury. The parties agree that all such information and materials shall be used and disclosed only to the limited extent necessary for the parties hereto (and their professional advisors) to evaluate the Purchase as described herein. All extracts, digests and copies of such information shall be maintained under strict control by the recipients. Upon termination of the negotiations by the parties, no party (or advisor to such party) shall make any further use of such information and materials, and all material previously obtained (together with all copies, abstracts, digests and analyses thereof) shall be returned to the party providing such information.

Further, the parties agree to keep confidential and not to disclose the existence and nature of the Purchaser’s interest in the Purchase and the existence and contents of this letter without the prior written consent of the other party except as necessary to affect required procedures relating to the Purchase. Neither party shall issue any public statement or press release without obtaining the prior written consent of the other party except as may be required by applicable laws, rules or regulations.

9.           The Seller hereto shall be responsible for the payment of all expenses (including, without limitation, the fees of its counsel, accountants and financial advisors), regardless of whether the transactions contemplated by this letter are consummated. The Seller agrees to be responsible for the legal and accounting expenses for the filing of the Post Effective Registration statement.

10.         This letter of intent shall be governed by and construed in accordance with the laws of the State of Nevada, without giving effect to the principles of conflicts of law thereof.

If the foregoing correctly states the general understanding that has been reached between us, please so indicate by signing in the space provided and returning this letter to us.

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