SuperQ is pleased to announce that it has engaged Canaccord Genuity Corp. (the “Agent”) to act as lead agent and sole bookrunner in connection with a commercially reasonable efforts offering (the “Offering”) of a minimum of 3,205,128 units of the Company (each, a “Unit”) at a price of C$0.78 per Unit (the “Offering Price”) for minimum gross proceeds of C$2,500,000 and a maximum of 5,129,000 Units for maximum gross proceeds of up to C$4,000,620.

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Each Unit will consist of one common share of the Company (a “Share”) and one common share purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of C$1.00 for a period of 24 months from the closing date of the Offering (the “Closing Date”), provided, however, that the Warrants will not be exercisable for a period of 60 days following the Closing Date.