TMS Provides Corporate Update

Vancouver, British Columbia (FSCwire) - Targeted Microwave Solutions Inc. (TSXV: TMS) (“TMS”) announced today that Tom Stefan has tendered his resignation as Chief Financial Officer effective June 30, 2017. A search for a highly qualified individual to replace Mr. Stefan is underway. Dr. James Young will act as interim Chief Financial Officer of TMS in the interim period.

TMS thanks Tom for all of his efforts on behalf of TMS, and wishes him the best of luck in his future endeavors.

On behalf of the Board of Directors,

"Dr. James Young"
Chief Executive Officer and Chairman

Media Contact:

+1 (778) 995 5833 

media@tmsenergy.com  

About Targeted Microwave Solutions Inc.

Targeted Microwave Solutions Inc. is a clean technology company that designs and manufactures vertical WAVEdri® microwave reactors to dry and process coal, clay and biomass, including wood fibre.  As a global leader in the advancement of microwave technology TMS’s mission is to provide the industry with a cleaner and more efficient technology solution, which replaces traditional industrial dryers and kilns, by eliminating toxic emissions, reducing energy requirements and conserving significant amounts of water at a lower capital investment.

For further information, visit www.tmsenergy.com or TMS's public disclosure filing on www.sedar.com.

FORWARD-LOOKING STATEMENTS

This news release contains certain statements which are, or may be deemed to be "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that we expect or anticipate may occur in the future. Forward-looking statements consist of statements that are not purely historical and, in this news release, include, without limitation, statements regarding TMS's search for a new Chief Financial Officer. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends", "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the then-current expectations, beliefs, assumptions, estimates and forecasts of our management. Because forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict, our actual results, performance or achievements or the actual results or performance of the industries and markets in which we operate and intend to operate may be materially different from those anticipated in our forward-looking statements. Forward-looking statements involve significant uncertainties and risks, should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in our forward-looking statements, including the matters described in our public filings available on SEDAR at www.sedar.com. Accordingly, readers should exercise caution in relying upon our forward-looking statements and we undertake no obligation to publicly revise such statements to reflect subsequent events or circumstances, except as required by law.

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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