Firan Technology Group Announces Results of AGM

TORONTO, ONTARIO--(Marketwired - April 24, 2013) - Firan Technology Group Corporation (TSX:FTG) ("FTG" or the "Corporation") today announced the results of its annual general meeting of shareholders ("AGM"), held in Toronto, Ontario on April 23, 2013. The Corporation is pleased to report that each of the director nominees listed in its management information circular dated March 14, 2013 were elected as directors of FTG. The directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote for the election of directors of FTG are set out below.

Each of the following six director nominees proposed by management was elected as a director of FTG:

*As a vote for each motion was taken by a show of hands, the number of votes disclosed reflects only those proxies received by management in advance of the AGM.

In addition, at the AGM, the shareholders also approved: (i) reappointing Ernst & Young LLP, Chartered Accountants, as the Corporation's auditor and authorizing the directors to fix the auditor's remuneration; (ii) the ratification of the new by-laws of the Corporation; and (iii) the approval of the Corporation's new Share Unit Plan. For more information on these matters, please refer to FTG's management information circular dated March 14, 2013, available on SEDAR at www.sedar.com.

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:

FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defense, and high technology industries. FTG Circuits has operations in Toronto, Ontario and Chatsworth, California.

FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California and Tianjin, China.

The Corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements. These forward-looking statements are related to, but not limited to, FTG's operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains words such as "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. Such statements are based on the current expectations of management of the Corporation and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Corporation's industry, generally. The preceding list is not exhaustive of all possible factors. Such forward-looking statements are not guarantees of future performance and actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Corporation. The reader is cautioned to consider these and other factors carefully when making decisions with respect to the Corporation and not place undue reliance on forward-looking statements. Other than as may be required by law, FTG disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Additional information can be found at the Corporation's website www.ftgcorp.com.