Navion Announces Completion of Initial Public Offering

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P R E S S R E L E A S E

Calgary, Alberta, Canada May 22, 2018

TSX-V Symbol: NAVN.P

Navion Announces Completion of Initial Public Offering

NAVION CAPITAL INC. (the “Corporation” or “ Navion”), a capital pool company, is pleased to

announce that it has completed its initial public offering of 2,000,000 common shares at the price of $0.10

per common share for gross proceeds of $200,000 and has filed for listing as a Capital Pool Company on

the TSX Venture Exchange. Canaccord Genuity Corp. (the “Agent”) acted as agent on the offering. The

common shares of Navion are expected to commence trading on the TSX Venture Exchange (“TSXV”)

on May 23, 2018 under the trading symbol “NAVN.P”.

As a result of the closing of this offering, Navion now has 4,000,000 common shares issued and

outstanding (2,000,000 of which are subject to escrow restrictions), 200,000 common shares reserved for

issuance upon the exercise of agent’s options granted upon completion of the IPO (the “ Agent’s

Options”) and 400,000 common shares reserved for issuance upon the exercise of stock options.

The Agent received a cash commission equal to 10% of the total gross proceeds of the IPO , an

administration fee and the Agent’s Options exercisable at a price of $0.10 per common share up to May

18, 2020.

The net proceeds of the offering will be used by the Corporation to identify and evaluate assets or

businesses for acquisition with a view to completing a “Qualifying Transaction” under the Capital Pool

Company program of the TSXV as disclosed in the Corporation’s prospectus dated February 14, 2018.

Navion’s board of directors and management team is comprised of the following individuals: Livio Susin

(President, CEO, CFO, Corporate Secretary and a Director), Peter Hughes (Director) and Scott Reeves

(Director).

FOR FURTHER INFORMATION PLEASE CONTACT:

Livio Susin, President, CEO, CFO and Corporate Secretary

Phone: (604) 789-2410

The forward-looking statements contained in this press release are made as of the date of this press release, and

Navion does not undertake any obligation to update publicly or to revise any of the included forward -looking

statements, whether as a result of new information, future events or otherwise, except as expressly required by

securities law.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S.

NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN

OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED

HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED

UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES

LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS

REGISTERED OR EXEMPT THEREFROM.

Neither the 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.