NexOptic is Recognized as a Top Company per the 2017 TSX Venture 50(R), Ranking Second in the Technology Sector

VANCOUVER, BC--(Marketwired - February 23, 2017) -

For the audio version of today's news release please visit http://nexoptic.com/investors/news/

NexOptic Technology Corp. ("NexOptic") (OTCQB: NXOPF) (TSX VENTURE: NXO) (FRANKFURT: E301) (BERLIN: E301) and Spectrum Optix Inc. of Calgary, Canada ("Spectrum,") and together with NexOptic, the "Companies") are pleased to announce that NexOptic has been selected for inclusion in the 2017 TSX Venture 50®, a ranking of the top performers on the TSX Venture Exchange. NexOptic is ranked second overall in the technology sector.

"Our shareholders along with our diverse team of professionals made this distinction possible. We are all honoured to be recognized by the TSX Venture Exchange in this manner." stated Paul McKenzie, CEO of NexOptic. He continued: "The many accomplishments we've achieved are now the strong foundation from which we intend to keep building."

The 2017 TSX Venture 50® is a ranking of top performers on the TSX Venture Exchange. These companies have shown results in key measures of market performance. The ranking is comprised of 10 companies from each of the five industry sectors, and they were selected based on three equally weighted criteria: market capitalization growth, share price appreciation and trading volume. On average, these companies have delivered a market cap change of 542% in 2016. The shares of these companies also enjoy a liquid market, with a total of 2.4 billion shares trading over the course of 2016.

Update on Share Structure

NexOptic further announces that approximately 64% of outstanding warrants having been issued at three separate intervals and strike prices since February of 2015 have subsequently been exercised. Total proceeds from these exercises are $2,875,613. The Company currently has 64,353,706 shares issued and outstanding.

Please visit www.sedar.com and/or NexOptic's website www.nexoptic.com to view our financial statements and to find additional information on NexOptic's share structure.

Tournament Sponsorship

NexOptic is pleased to be joining the Four Points by Sheraton, Nestle Pure Life and other global and regional brands in sponsoring the 2017 Bangkok International Rugby Tens. This annual tournament hosts over 100 men, women and children's teams from around the world and is expected to be televised into over 50,000 homes throughout several Asian markets. The proceeds from this non-profit event support the Nak Suu Rugby Academy of Bangkok, Thailand which encourages and educates at risk children in positive life choices, values, and skills. The tournament commences on February 24^th, 2017.