Mr. Jeff Kendrick reports

CEMATRIX CORPORATION ANNOUNCES RECORD 2015 FIRST QUARTER SALES

Cematrix Corp. has released its consolidated financial results for the quarter ended March 31, 2015.

First quarter highlights

• Cematrix achieved record first quarter sales of $2,819,022, up from $260,960 for the same period last year. The first quarter is normally considered the off season for the company. Sales in the first quarter of 2015 benefited from winter infrastructure projects carried over from 2014 and the start of a major project in the oil and gas sector in Western Canada, which had also originally been slated to commence in the fall of 2014.
• The increase in sales resulted in a positive gross margin on sales of $638,712, or 23 per cent, in the first quarter of 2015 as compared with a negative gross margin of $234,928 for the same period of 2014. The gross margin percentage in the first quarter of 2014 was negatively affected by winter construction costs, client changes to planned production plans and schedules and lower introductory pricing on certain projects. These conditions are not forecast to continue through the remainder of 2015.
• The company's total contracted work for 2015 and 2016 has increased to $11.1-million, up from $9.9-million reported in March, $1-million of which relates to 2016. This compares with a total of $4.3-million at the same time last year.
• The company, through a wholly owned subsidiary, Cematrix (Canada) Inc., put in place a working capital financing arrangement with Tallinn Capital Corp. for up to $2-million, a portion of which was used to repay a credit line with a Canadian chartered bank.

First quarter results

Selected financial information for the quarters ended March 31, 2015, and March 31, 2014, is as shown in the attached table.

                                          
                                           Three months ended March 31,                                           
                                                      2015        2014

Revenue                                         $2,818,022  $  260,960
Gross margin                                    $  638,712  $ (234,928)
Operating expenses                                (532,395)   (621,074)
Operating income (loss)                            106,317    (856,002)
Non-cash stock-based compensation                  (57,382)   (129,764)
Finance costs                                      (56,844)    (39,382)
Other income                                        15,365       1,017
Income (loss) before income taxes                    7,456    (894,367)
Recovery (provision) of deferred taxes              (2,745)    173,754
Net income (loss) attributable to the
common shareholders                                  4,711    (720,613)
Unrealized foreign exchange (loss) on
translation of foreign subsidiary                   (7,132)     (1,945)
Total comprehensive (loss) for period           $   (2,421) $ (722,558)
Income (loss) per common share                  $        -  $    (0.02)                                            

The outlook for 2015 remains positive: the Tallinn financing will provide the necessary financing to finance sales growth; two new production units will be commissioned in the next month, which will increase the annual production capacity by up to 60 per cent; and management is still forecasting continued growth in Canadian infrastructure sales, growth in U.S. infrastructure sales and significant sales in the oil and gas sector on projects that are already under way.

This press release should be read in conjunction with the corporation's unaudited consolidated financial statements and management discussion and analysis for the quarter ended March 31, 2015, both of which can be found on SEDAR.

We seek Safe Harbor.