Labrador Technologies Private Placement

Calgary, Alberta May 8, 2017 – Labrador Technologies Inc. ("Labrador" or the "Corporation") (TSXV: “LTX”) is pleased to announce that the Corporation will be undertaking a non-brokered financing of up to 9,000,000 units for proceeds of C$90,000. Each unit is offered at C$0.01, and shall consist of one common share (“common share”), and one common share purchase warrant (“warrant”) with an exercise price of C$0.05 for a period of two years.

Proceeds from this financing will be used to advance the Corporation’s map-centric technology for other sectors beyond where it is currently being used by the energy sector. In addition to providing map-based data retrieval and visualization, Labrador provides customers with the ability to access financial reports and proprietary industry data. The map-centric technology and associated source code are applicable to a variety of sectors including renewable energy, the medical cannabis industry, and any other industry requiring a precise map location, with a requirement to do financial and proprietary reporting by each location as well as aggregation reporting.

This financing is subject to TSX Venture Exchange approval.

About Labrador Technologies

Labrador Technologies is a Calgary, Alberta based software development firm providing innovative solutions for the energy industry. The Corporation is well positioned through its proprietary solutions which include the wellTriever™ software, a map-based data retriever and visualizer for the oil and gas industry.

For more information contact:

Ronald Sterne T: (403) 263 6325 E: [email protected]

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.