NovaTeqni Corporation Announces Application for Management Cease Trade Order

Calgary, Alberta--(Newsfile Corp. - March 31, 2015) - NovaTeqni Corporation (TSXV: NTQ) (the "Corporation") announces that it has made an application to the Alberta Securities Commission to approve a temporary management cease trade order ("MCTO") under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"), which, if granted, will prohibit trading in securities of the Corporation by certain insiders of the Corporation, whether direct or indirect. The Corporation is unable to file its unaudited consolidated financial statements for the quarter ended January 31, 2015 and the management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, the "Required Filings") before the April 1, 2015 filing deadline (the "Filing Deadline").

The Corporation's failure to file its Required Filings by the Filing Deadline is due to its being in a transitional period. In September 2014, the Corporation completed its Qualifying Transaction in which it acquired Novateqni Hong Kong Limited ("Novateqni HK"). Novateqni HK was incorporated under the laws of Hong Kong, its head office and registered office being located in Hong Kong. Unforeseen obstacles and delays have occurred as the Corporation coordinates with NovaTeqni HK to obtain the necessary information to prepare the unaudited, consolidated financial statements for the quarter ended January 31, 2015.

The Corporation anticipates that it will be a position to remedy the default by filing the Required Filings on or before June 1, 2015. The MCTO will be in effect until the Required Filings are filed.

The Corporation intends to satisfy the provisions of the alternative information guidelines set out in sections 4.3 and 4.4 of NP 12-203 so long as the Required Filings are outstanding.

The Corporation has not taken any steps towards any insolvency proceeding and the Corporation has no material information to release to the public.

For further information, please contact Riaz Sumar, Chief Financial Officer of the Corporation, by email at info@novateqni.com.

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information concerning the anticipated timing of the Required Filings. The forward-looking statements and information are based on certain key expectations and assumptions made by the Corporation, including expectations and assumptions concerning the business of NovaTeqni HK and the ability to obtain the necessary information from NovaTeqni HK. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Corporation can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, the Corporation's expectations and assumptions concerning the business of Novateqni HK and the ability to obtain the necessary information from NovaTeqni HK. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Corporation undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

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