Novateqni Corporation Extends Private Placement

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NOVATEQNI CORPORATION EXTENDS PRIVATE PLACEMENT

FOR IMMEDIATE RELEASE

February 22, 2018

Calgary, Alberta – On February 8, 2018, NovaTeqni C orporation (" NovaTeqni or the " Corporation ")

(TSXV: NTQ) announced that it had completed the fir st tranche of its previously announced non-

brokered private placement of units (" Units ") and that it expected that the next tranche of th e private

placement would be completed later this month. Wit h the consent of the TSX Venture Exchange, the

Corporation now announces that additional tranches of the private placement may be completed up until

March 22, 2018. The private placement remains subj ect to receipt of all necessary regulatory approval s

including final approval of the TSX Venture Exchange

NovaTeqni intends to use the net proceeds of this p rivate placement for the development of new product s

and for general working capital purposes.

For further information, please contact Larry Youell, Chief Financial Officer of the Corporation, by email

at [email protected] .

Reader Advisory

This press release contains forward-looking stateme nts and forward-looking information within the mean ing of

applicable securities laws. The use of any of the w ords "expect", "anticipate", "continue", "estimate" , "objective",

"ongoing", "may", "will", "project", "should", "bel ieve", "plans", "intends" and similar expressions a re intended to

identify forward-looking information or statements. More particularly and without limitation, this pre ss release

contains forward looking statements and information concerning the timing of additional tranches of th e private

placement of Units and the proposed use of proceeds . The forward-looking statements and information are based

on certain key expectations and assumptions made by the Corporation. Although the Corporation believe s that the

expectations and assumptions on which such forward- looking statements and information are based are re asonable,

undue reliance should not be placed on the forward looking statements and information because the Corp oration

can give no assurance that they will prove to be co rrect.

Forward-looking information is based on the opinion s and estimates of management at the date the state ments are

made, and are subject to a variety of risks and unc ertainties and other factors that could cause actua l events or

results to differ materially from those anticipated in the forward-looking information. Some of the r isks and other

factors that could cause the results to differ mate rially from those expressed in the forward-looking information

include, but are not limited to: general economic c onditions in Canada and globally; industry conditio ns, including

governmental regulation; failure to obtain industry partner and other third party consents and approva ls, if and

when required; the availability of capital on accep table terms; the need to obtain required approvals from

regulatory authorities; stock market volatility; co mpetition for, among other things, skilled personne l and supplies;

changes in tax laws; and the other factors. Reader s are cautioned that this list of risk factors shou ld not be

construed as exhaustive.

Readers are cautioned not to place undue reliance o n this forward-looking information, which is given as of the date

hereof, and to not use such forward-looking informa tion for anything other than its intended purpose. The

Corporation undertakes no obligation to update publ icly or revise any forward-looking information, whe ther as a

result of new information, future events or otherwise, except as required by applicable law.

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 press release.