NovaTeqni Corporation Updates Private Placement

Calgary, Alberta--(Newsfile Corp. - July 6, 2015) - As previously announced on June 26, 2015, NovaTeqni Corporation (TSXV: NTQ) ("NovaTeqni or the "Corporation") is proposing to complete a non-brokered private placement of units (each, a "Unit") at a price of $0.60 per Unit for gross proceeds of up to $1,500,000. There is no minimum subscription for this offering and a maximum of 2,500,000 Units will be issued. Subject to applicable securities laws, each existing shareholder of the Corporation as of June 25, 2015 will be permitted to participate in this private placement. In the event that the Corporation receives subscriptions for Units in excess of the maximum number of Units to be issued, the Corporation will accept the first $1,500,000 of subscriptions received.

Assuming the maximum offering is completed, NovaTeqni intends to use approximately $1,100,000 of the net proceeds of this private placement for the development of new products and the balance of the net proceeds will be used for general working capital purposes.

For further information, please contact Gerhard Mynhardt, Chief Executive 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 press release contains forward looking statements and information concerning the terms of the proposed non-brokered private placement of Units. The forward-looking statements and information are based on certain key expectations and assumptions made by the Corporation. 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.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

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.

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.