Vancouver, British Columbia (FSCwire) - Brian David Skidmore issues this early warning news release in respect of his security holdings of Ventripoint Diagnostics Ltd. (TSXV: VPT) (the “Issuer”).

Acquisition on June 20, 2014

Pursuant to a private placement of the Issuer which closed on June 20, 2014, Mr. Skidmore acquired ownership of 8,750,000 common shares of the Issuer (the “June 2014 Shares”) and 4,375,000 share purchase warrants of the Issuer (the “June 2014 Warrants”) in connection with the purchase of 8,750,000 units (the “June 2014 Units”) at a price of $0.08 per June 2014 Unit. Each June 2014 Warrant entitles Mr. Skidmore to purchase one common share of the Issuer at a price of $0.12 until June 20, 2016. The June 2014 Shares represented approximately 4.90% of the issued and outstanding common shares of the Issuer on June 20, 2014 and, on the same date, the June 2014 Units represented 7.17% of the Issuer’s issued and outstanding common shares, assuming the exercise in full of the June 2014 Warrants.

As a result of the acquisition of June 2014 Units, Mr. Skidmore held or exercised shared control or direction over a total of 15,940,200 common shares of the Issuer, representing approximately 8.92% of the issued and outstanding common shares of the Issuer on June 20, 2014, 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 Mr. Skidmore or over which he exercised shared control or direction represented approximately 11.10% of the issued and outstanding common shares of the Issuer on June 20, 2014.

Acquisition on June 4, 2015

Pursuant to a private placement of units (the “June 2015 Units”) of the Issuer at a price of $0.055 per June 2015 Unit, which closed on June 4, 2015, Mr. Skidmore acquired ownership of 2,727,270 common shares of the Issuer, and control or direction over an additional 4,545,454 common shares of the Issuer (collectively, the “June 2015 Shares”). In addition, Mr. Skidmore acquired ownership of 1,363,635 share purchase warrants of the Issuer, and control or direction over an additional 2,272,727 share purchase warrants of the Issuer (collectively, the “June 2015 Warrants”). Each June 2015 Warrant entitles the holder to purchase one common share of the Issuer at a price of $0.12 until June 4, 2017. The June 2015 Shares represented approximately 3.61% of the issued and outstanding common shares of the Issuer on June 4, 2015 and, on the same date, the June 2015 Units represented 5.32% 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, Mr. Skidmore held or exercised shared control or direction over a total of 23,635,424 common shares of the Issuer, representing approximately 11.73% of the issued and outstanding common shares of the Issuer on June 4, 2015, and share purchase warrants to purchase 8,011,362 common shares of the Issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Mr. Skidmore or over which he exercised shared control or direction represented approximately 15.11% of the issued and outstanding common shares of the Issuer on June 4, 2015.

Acquisition on July 3, 2015

On July 3, 2015, Mr. Skidmore and his wife 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, Mr. Skidmore held or exercised shared control or direction over a total of 28,873,424 common shares of the Issuer, representing approximately 14.33% of the issued and outstanding shares of the Issuer on July 3, 2015, and share purchase warrants to purchase 8,011,362 common shares of the Issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Mr. Skidmore or over which he exercised shared control or direction represented approximately 17.61% of the issued and outstanding common shares of the Issuer on July 3, 2015.

Mr. 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 or an interest therein.

As of the date of this news release, Mr. Skidmore holds or exercises shared control or direction over less than 10% of the current issued and outstanding shares 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 (“NI 62-103”). As permitted by NI 62-103, the issuance of this news release is not an admission that any party named in this news release owns or controls any of the securities described herein or is a joint actor with another named party. 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) or by contacting Ron Paton of Owen Bird Law Corporation at (604)691-7504.

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