UPDATE

ISIS Lab Corporation Appoints Dmitri Dain as Chief Technology Officer

TORONTO, ON--(Marketwired - March 18, 2014) -  ISIS Lab Corporation (TSX VENTURE: LAB) (FRANKFURT: ISX) (Frankfurt WKN: A1XB97) (the "Company" or "ISIS") is pleased to announce the appointment of Mr. Dmitri Dain as Chief Technology Officer ("CTO"). The appointment is subject to the approval of the TSX Venture Exchange.

Prior to joining Isis, Mr. Dain served as the head of PYR Software, the company that powers PokerStars ("Poker Stars"), a world leader in interactive gaming serving over 40 million retail customers. During his tenure with PYR Software Mr. Dain led a team of seventy, including eight direct reporting managers. Mr. Dain's responsibilities included the development and introduction of numerous award winning products, while enhancing existing product features, the development and delivery of mobile product offerings for the Android, iPad - iPhone platforms, and the design and maintenance of multiple world class data centers located in the Americas, the UK, and Continental Europe. Mr. Dain was charged with the task of re-launching the Full Tilt Poker website returning the website to its number two global ranking.

A globally recognized technology specialist Mr. Dain has nearly two decades of experience in both the private company and public company sector. Mr. Dain has been engaged by several multi-national corporations who each generate revenues in the US$1 billion range per annum. Responsible for the annual profit and loss (the "P&L"), and managing annual project budgets ranging up to US$250 million per annum, Mr. Dain has successfully delivered globally recognized brands to the marketplace.

During his career, Mr. Dain has served as CTO of E*Trade in Israel, MIS manager of AVX Corporation, both NYSE listed corporations, and served as an IT Consultant to, The Ontario Ministry of Health, Dresdner Kleinwort (Allianz Group's Investment Bank), and Kyocera. 

Mr. Dain holds a Bachelor of Science, (B.Sc.) in Computer Sciences and Mathematics from Ben Gurion University in Israel, and an MBA in Strategic Management, from Hebrew University in Israel graduating summa cum laude.

"I am pleased Dmitri has joined Isis, his background and skillset is invaluable not only to our management team, but in the delivery of our innovative product suites that we are known for, positioning Isis as an industry leader," said Daniel Kajouie, Chairman and CEO of Isis. 

GRANT OF OPTIONS

Isis announces that it has granted 500,000 stock options, to various officers and consultants exercisable at $0.56 per common share. Each option is exercisable for five (5) years from date of grant. The options are being granted pursuant to the Company's incentive stock option plan and are subject to any necessary regulatory or stock exchange requirements.