Relevium Provides Regulatory Update Pursuant to Temporary Relief Granted by Regulators Due to COVID-19

MONTREAL, July 06, 2020 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTC: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”) is pleased to provide a regulatory update pursuant to the temporary relief granted by regulators due to COVID-19.

On June 2, 2020 The Company issued a regulatory update and the delayed filing of the third quarter of fiscal year ending June 30, 2020. As required by the provisions of the temporary relief, we are pleased to announce that during the 30-day period the company has issued four news releases to update the market as follows:

• On June 11, 2020 the Company issued a news release pleased to announce the successful delivery of CleanCare Hand Sanitizers to retail customers in the in the US, including the orders announced in a news release on April 15th of this year.
   
• On June 19, 2020 the Company announced it had expanded and continues to expand its CleanCare product line as it prepares to address increased government and institutional demand for disinfection supplies in preparation for a potential second wave of COVID-19.
   
• On June 23, 2020 the Company announced the addition of award-winning marketing executive James Mansour to its advisory board. ON the same date the company issued a statement of clarification about its Bioganix CleanCare brand, separating itself from another product using “CleanCare” in its branding.

DELAYED FILING OF INTERIM DISCLOSURE DOCUMENTS PURSUANT TO TEMPORARY RELIEF GRANTED BY REGULATORS DUE TO COVID-19

On May 27, 2020, Relevium announced that it would be delaying the filing and delivery of certain of its continuous disclosure documents, in accordance with Decision No 2020-PDG-0023 of the Autorité des marchés financiers (Québec) (the “Exemption”), which was adopted for the purpose of providing certain filing and other relief to issuers in light of the challenges posed by the COVID-19 pandemic.

The Company is relying on the Exemption for the delay in the filing of its quarterly financial statements and related management discussion and analysis (“MD&A”) for the period ended March 31, 2020 required pursuant to National Instrument 51-102 Continuous Disclosure Obligations and the filing of the related certifications (collectively, the "Required Filings") and compliance with the delivery requirements of applicable securities laws relating to the Required Filings. The Company intends to file the Required Filings by July 14, 2020.