SLYCE Inc. Announces Confirmation of Listing on the TSX Venture Exchange and Grant of Options - Seite 2

Ehsan Fazl-Ersi, Chief Science Officer of the Corporation, was granted 20,000 stock options;

Business Instincts Group Inc. ("BIG") was granted [405,000] stock options; and

employees of the Corporation and its subsidiaries were granted an aggregate of 726,666 stock options.

Each grant of options has a three-year term, expiring on July 17, 2017. The options vest over a period of 24 months (one-third vest immediately, one-third vest 12 months from the grant date, and one-third vest 24 months from the grant date). Each option is exercisable into one common share of the Corporation at an exercise price of $0.60 per share.

Giving effect to the grant, there will be 6,887,192 outstanding options to purchase common shares of the Corporation, representing approximately 7.23% of the Corporation's issued and outstanding common shares.

Pursuant to a business services agreement dated effective June 1, 2014, BIG provides, among other services, public relations services (through the provision of a public relations coordinator) and shareholder communication services (through the provision of shareholder communication personnel and shareholder material production and circulation services) to the Corporation.

About SLYCE Inc.

The Corporation is a visual search technology company based in Calgary, Alberta and Toronto, Ontario and is engaged in the business of providing advanced imaging technology visual search software that allows consumers to purchase products at the moment they discover them - in store and online.

The Corporation has developed an advanced visual search platform that integrates with retail brands and digital content providers to give their customers the ability to instantly discover and purchase products that inspire them by simply snapping photographs with their smartphones or "clicking" images on either their smartphones (mobiles) or desktop web browsers. The customer is provided with direct and close-matching products from the retailer's inventory, which can be purchased immediately at the moment of inspiration.

The Corporation's strategy is to position itself as a pivotal player in the emerging visual web. The Corporation can provide its technology to retailers, brands, application developers and digital publishers, enabling their applications to recognize products for instant purchase. The Corporation expects to provide its technology to retailers in exchange for integration, licensing and per search fees, percentage sales splits and big data provision and analysis. The Corporation is currently in discussions with six of the top 20 retailers in North America.