SLYCE Inc. Announces Confirmation of Listing on the TSX Venture Exchange and Grant of Options

TORONTO, ONTARIO--(Marketwired - July 18, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Editors Note: There is one video associated with this press release.

SLYCE Inc. (formerly Oculus Ventures Corporation) (the "Corporation") (TSX VENTURE:OVX.H) is pleased to announce that, further to its press release of June 26, 2014, it has received the final TSX Venture Exchange ("TSXV") bulletin confirming completion of the Qualifying Transaction and the Corporation's common shares will commence trading on the TSXV on July 21, 2014 under the trading symbol "SLC".

On June 26, 2014, the Corporation and SLYCE Inc. ("Old Slyce") completed a business combination transaction by way of an amalgamation (the "Amalgamation") of Old Slyce with 1813472 Alberta Ltd., a wholly-owned subsidiary of the Corporation. The Amalgamation constituted the Qualifying Transaction for the Corporation under Policy 2.4 of the TSXV Corporate Finance Manual.

As a condition to closing the transaction, Old Slyce completed a brokered private placement financing of 20,000,000 subscription receipts offered at $0.60 per subscription receipt and raised gross proceeds of $12 million. As part of the Amalgamation these subscription receipts converted into 20,000,000 commons shares of the Corporation.

SLYCE Inc. President and Interim CEO Mark Elfenbein said of the announcement, "This marks another significant milestone for our company. In the past 12 months, visual search - the technology that enables direct purchasing from images - has experienced significant interest from within the retail industry. The Slyce platform helps to solve many issues leading retailers are facing with changing consumer habits and rapidly advancing technology."

The Corporation also announces that on July 17, 2014 the grant of stock options to acquire an aggregate of 1,391,666 common shares of the Corporation, subject to the execution of definitive option agreements, to directors, officers, consultants and employees of the Corporation as follows:

1. Erika Racicot, Chief Operations Officer and a director of the Corporation, was granted 200,000 stock options;
   
   
2. Adam Jarczyn, Chief Product Officer of the Corporation, was granted 20,000 stock options;
   
   
3. Steven Seguin, Chief Technology Officer of the Corporation, was granted 20,000 stock options;