Mr. Michael Withrow reports

BI-OPTIC ANNOUNCES PRIVATE PLACEMENT

Bi-Optic Ventures Ltd. has arranged a non-brokered private placement of units at a price of five cents per unit, for gross proceeds of up to $150,000. Each unit consists of one common share of the company and one share purchase warrant entitling the holder to acquire an additional common share at a price of 10 cents per share for a period of six months, subject to acceleration in the event the company's common shares trade at a price of 15 cents or higher.

The private placement is being conducted in connection with the company's previously announced acquisition of certain LED (light-emitting diode) lighting equipment and intellectual property. For further information concerning the acquisition, readers are encouraged to review the company's news release of Oct. 7, 2015. Additional information regarding the acquisition will be made available under the company's profile on SEDAR as such information becomes available. All securities issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period.

The company also announces that it has received the conditional approval of the Canadian Securities Exchange to list its common shares on that exchange, subject to the satisfaction of certain working capital requirements and the filing of outstanding documentation. In connection with listing on the Canadian Securities Exchange, it is anticipated that the company will change its name to Arcturus Growthstar Technologies Inc.

Closing of the acquisition and the private placement remains subject to a number of conditions, including the approval of the Canadian Securities Exchange, the voluntarily delisting of the company's common shares from the TSX Venture Exchange and the satisfaction of other customary closing conditions. The acquisition and the private placement cannot close until the required approvals are obtained and the company's common shares have been delisted from the TSX Venture Exchange. There can be no assurance that the acquisition or the private placement will be completed as proposed or at all, or that the company's common shares will be listed and posted for trading on any stock exchange. Trading in the company's common shares will remain halted.

We seek Safe Harbor.