Novateqni Receives Shareholder Approval FOR Consolidation and Continuation

NOVATEQNI CORPORATION

Suite 200, Bay 6, 4500 – 5th Street N.E.

Calgary, Alberta

T2E 7C3

NEWS RELEASE

NOVATEQNI RECEIVES SHAREHOLDER APPROVAL

FOR CONSOLIDATION AND CONTINUATION

May 24, 2019 – Calgary, Alberta – NovaTeqni Corporation (TSXV: NTQ) (the “Company”)

announces that all matters presented at the annual general and special meeting (the “Meeting”)

of the shareholders of the Company, held on May 21, 2019, were approved. At the Meeting,

shareholders approved a consolidation (the “Consolidation”) of the Company’s outstanding

share capital on a ratio of up to ten (10) pre-Consolidation common shares for every one (1)

post-Consolidation common share, and a continuation (the “Continuation”) of the Company

under the Business Corporations Act (British Columbia).

The Company intends to move forward with the Consolidation, and the Continuation,

immediately. The Consolidation will be completed on the basis of ten (10) pre-Consolidation

common shares for every one (1) post-Consolidation common share, following which the

Company is expected to have approximately 3,794,746 common shares outstanding.

Completion of the Consolidation, and the Continuation, remain subject to the approval of the

TSX Venture Exchange. Further information regarding the Consolidation, and the Continuation,

is available in the management information circular mailed to shareholders of r ecord in

connection with the Meeting, a copy of which is available under the Company’s profile on

SEDAR (www.sedar.com). The Company will provide further information regarding the effective

date of the Consolidation, and the Continuation, as soon as it becomes available.

At the Meeting, shareholders also approved a reconstitution of t he Company’s board of

directors. T he board of d irectors now consists of Jean Pomerleau, Scott Davis and Mark

Ferguson.

For further information, contact Jean Pomerleau at [email protected].

On behalf of the Board,

NOVATEQNI CORPORATION

Jean Pomerleau, President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements

within, other than statements of historical fact, are to be considered forward looking. Although the Company believes

the expectations expressed in such forward-looking statements are based on reasonable assumptions, such

statements are not guarantees of future performance and actual results or developments may differ materially from

those in forward-looking statements. T here can be no assurances that such statements will prove accurate and,

therefore, readers are advised to rely on their own evaluation of such uncertainties. W e do not assume any

obligation to update any forward-looking statements except as required under the applicable laws.