Vancouver, British Columbia (FSCwire) - Melanie Laine Skidmore reports that she owns or exercises shared control or direction over more than 10% of the common shares of Ventripoint Diagnostics Ltd. (TSXV: VPT) (the “Issuer”).

Acquisition on March 27, 2015

On March 27, 2015, a company (the “Holding Company”) of which Ms. Skidmore is an equal co-owner, acquired 9,300,000 common shares (the “March 2015 Shares”) of the Issuer, and 4,375,000 share purchase warrants (the “March 2015 Warrants”) of the Issuer (collectively, the “March 2015 Securities”) at a deemed cost of $777,122.65, being an average of $0.084 each. Each March 2015 Warrant entitles the holder to purchase one common share of the Issuer at a price of $0.12 until June 20, 2016. The March 2015 Shares represented approximately 4.99% of the issued and outstanding common shares of the Issuer on March 27, 2015 and, on the same date, the March 2015 Securities represented 7.16% of the Issuer’s issued and outstanding common shares assuming the exercise in full of the March 2015 Warrants.

As a result of the acquisition of the March 2015 Securities, Ms. Skidmore held or exercised shared control or direction over a total of 15,612,700 common shares of the Issuer, representing approximately 8.37% of the issued and outstanding common shares of the Issuer on March 27, 2015, and share purchase warrants to purchase 4,375,000 common shares of the Issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Ms. Skidmore or over which she exercised shared control or direction represented approximately 10.47% of the issued and outstanding common shares of the Issuer on March 27, 2015.

Acquisition on June 4, 2015

Pursuant to a private placement of the Issuer which closed on June 4, 2015, Ms. Skidmore acquired ownership of 4,545,454 common shares of the Issuer (the “June 2015 Shares”) and 2,272,727 share purchase warrants of the Issuer (the “June 2015 Warrants”) in connection with the purchase of 4,545,454 units (the “June 2015 Units”) at a price of $0.055 per June 2015 Unit. Each June 2015 Unit consisted of one common share of the Issuer and one-half of one share purchase warrant. Each whole June 2015 Warrant entitles Ms. Skidmore to purchase one common share in the share capital of the Issuer at a price of $0.12 until June 4, 2017. The June 2015 Shares represented approximately 2.26% of the issued and outstanding common shares of the Issuer on June 4, 2015 and, on the same date, the June 2015 Units represented 3.35% of the Issuer’s issued and outstanding common shares assuming the exercise in full of the June 2015 Warrants.

As a result of the acquisition of the June 2015 Units, Ms. Skidmore held or exercised shared control or direction over a total of 20,726,354 common shares of the Issuer, representing approximately 10.29% of the issued and outstanding shares of the Issuer on June 4, 2015, and share purchase warrants to purchase 6,647,727 common shares of the Issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Ms. Skidmore or over which she exercised shared control or direction represented approximately 13.16% of the issued and outstanding common shares of the Issuer on June 4, 2015.

Acquisition on July 3, 2015

On July 3, 2015, Ms. Skidmore and her husband jointly acquired ownership of 2,755,000 common shares (the “July 2015 Shares”) of the Issuer through the TSX Venture Exchange at a price per share ranging from $0.055 to $0.065 each. The July 2015 Shares represented approximately 1.37% of Issuer’s issued and outstanding common shares on July 3, 2015.

As a result of the acquisition of the July 2015 Shares, Ms. Skidmore held or exercised shared control or direction over a total of 25,964,354 common shares of the Issuer, representing approximately 12.89% of the issued and outstanding shares of the Issuer on July 3, 2015, and share purchase warrants to purchase 6,647,727 common shares of the Issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Ms. Skidmore or over which she exercised shared control or direction represented approximately 15.67% of the issued and outstanding common shares of the Issuer on July 3, 2015.

Ms. Skidmore intends to hold the securities described in this news release for investment purposes and may, subject to market conditions take other actions in respect of the Issuer, including making additional investments in, or effecting dispositions of, securities of the Issuer. Ms. Skidmore has submitted a subscription for additional securities of the Issuer.

This news release is being disseminated pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the report to be filed with Canadian securities regulators in connection with the acquisition of these securities can be obtained upon its filing under the Issuer’s profile on the SEDAR website (www.SEDAR.com).

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