Radient Technologies Inc. Announces Completion of Third and Final Tranche of Private Placement and Partial Closing of Shares for Debt Transaction - Seite 2

In connection with completion of the third tranche of the Offering, aggregate cash commissions of $30,976 are payable by the Corporation and 309,765 finder Common Share purchase warrants have been issued (the "Finder Warrants"). Each Finder Warrant is exercisable for one Common Share at a price of $0.10 per Common Share until the date that is 24 months from date of issuance of such Finder Warrant.

Further to the news release of September 13, 2016, the Corporation also announces the settlement of $131,180 of debt through the issuance of 1,249,333 Common Shares to an arm's length creditor of the Corporation (the "Shares for Debt Transaction"). The Shares for Debt Transaction was completed at a deemed price of $0.105 per share.

The Offering and Shares for Debt Transaction is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the Offering and Shares for Debt Transaction are subject to a statutory four-month hold period.

About Radient

Radient extracts natural compounds from a range of biological materials using microwave assisted processing ("MAP™"), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health, personal care and biofuel markets. Visit www.radientinc.com for more information.

Information set forth in this news release contains forward-looking information and statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The terms and phrases "goal", "commitment", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", "intend", and similar terms and phrases are intended to identify these forward-looking statements, including but not limited to statements regarding receipt of approvals related to the Offering the Shares for Debt Transaction and the use of proceeds for the Offering. The Corporation cautions that all forward looking information and statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Corporation's control. Such factors include, among other things: risks and uncertainties relating to the receipt of approvals related to the Offering and the Shares for Debt Transaction. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Corporation undertakes no obligation to publicly update or revise forward-looking information.