Novateqni Corporation Increases Private Placement

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NOVATEQNI CORPORATION INCREASES PRIVATE PLACEMENT

FOR IMMEDIATE RELEASE

January 23, 2018

Calgary, Alberta – On January 8, 2017, NovaTeqni Co rporation (" NovaTeqni or the " Corporation ")

(TSXV: NTQ) announced that it proposed to complete a non-brokered private placement of units (each, a

"Unit ") at a price of $0.17 per Unit for gross proceeds of up to $1,000,000. Each Unit was to consist of

one common share in the capital of NovaTeqni (a " Common Share ") and one transferrable common

share purchase warrant (a " Warrant "). Each Warrant would entitle the holder to acqui re one Common

Share at a price of $0.23 per share for a period of 24 months from the date of issuance of the Warrant .

NovaTeqni may pay finder's fees to eligible persons in accordance with TSX Venture Exchange policies.

The Corporation announces that the proposed private placement has experienced greater than anticipated

demand and, as a result, the Corporation has increa sed the size of the offering to $1,500,000 of Units .

Other than the increase in the size of the offering , the terms and conditions of the private placement have

not been amended. The proposed private placement remains subject to TSX Venture Exchange approval.

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 terms of the proposed non-brokered 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.