VANCOUVER, BC--(Marketwired - Oct 18, 2016) - Breathtec
BioMedical, Inc. (CSE: BTH) (CNSX: BTH) (FRANKFURT: BTI) (OTCQB: BTHCF) (the "Company" or
"Breathtec"), a medical diagnostics company focused on developing, in-licensing and commercializing proprietary,
innovative and best-in-class breath analysis devices for the early detection of life threatening diseases, is pleased to announce
that it intends to complete a non-brokered private placement offering of up to 13,333,333 units (the "Units") at
a price of $0.075 per Unit for gross proceeds of up to $1,000,000 (the "Offering"). Each Unit will consist of
one common share in the capital of the Company (a "Share") and one transferable common share purchase warrant (a
"Warrant"), with each Warrant exercisable into one additional Share at a price of $0.15 for a period of three
years from the date of closing.
In connection with the Offering, the Company may pay a finder's fee on the Offering within the amount permitted by the
policies of the Canadian Securities Exchange (the "Exchange").
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory
approvals, including the Exchange. All securities issued in connection with the Offering will be subject to a statutory hold
period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is
not subject to a minimum aggregate amount of subscriptions. The net proceeds from the Offering will be used for general corporate
purposes.
For more information, please visit: www.breathtecbiomedical.com.
ON BEHALF OF THE BOARD
"Kal Malhi"
President & Director
The CSE has neither approved nor disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to
U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
This news release contains forward-looking statements relating to product development, licensing, commercialization and
regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified
by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements
of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's
expectations include the failure to satisfy the conditions of the Canadian Securities Exchange and other risks detailed from time
to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is
cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made as of the date of this news release and the Company will
update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED
STATES