Inovent and Jetlines Complete Settlement

October 01, 2015 7:21 PM EDT | Source: Inomin Mines Inc.

Vancouver, British Columbia--(Newsfile Corp. - October 1, 2015) - Inovent Capital Inc. (TSXV: IVQ.P) ("Inovent") and Canada Jetlines Ltd. ("Jetlines") report that the settlement between the parties announced on September 3, 2015 (the "Settlement") has been completed.

Under the terms of the Settlement, Jetlines has now paid Inovent $105,000 and issued to Inovent 200,000 warrants entitling Inovent to purchase 200,000 Jetlines common shares at price of $0.50 per share for a period of two years ending September 30, 2017. In accordance with the Settlement, Inovent and Jetlines have consented to the dismissal of the legal proceeding and the general security agreement Jetlines granted to Inovent over Jetlines' assets will be discharged.

On behalf of the board of Inovent:

INOVENT CAPITAL INC.
Per:"David Brett"
David H. Brett, MBA
Chief Executive Officer & Director

For more information, please contact:

David Brett, Chief Executive Officer, Tel. 604-682-2421
david@inoventcapital.com
www.inoventcapital.com

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 release.

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