Mr. Doug McFaul reports

QUENTIN RTO TARGET IDENTILLECT CLOSES OVERSUBSCRIBED FINANCING

Further to Quentin Ventures Ltd.'s previously announced acquisition of Identillect Technologies Corp., Identillect has closed a first tranche of a previously announced brokered offering, issuing 2,387,500 subscription receipts for gross proceeds of $477,500. In addition to this closing, through a series of recent private placement transactions, Identillect has raised a total of $1,872,500 in conjunction with its pending reverse takeover transaction with Quentin. An additional tranche of the brokered offering is expected to close immediately prior to the closing of the transaction, which is expected to occur on or before May 18, 2016. The effective price of the financing transactions was 20 cents per unit.

On closing of the transaction, the company will issue 9,362,500 common shares and 9,362,500 share purchase warrants to the private placement investors. Each warrant will entitle the holder to acquire an additional common share at a price of 30 cents for a period of one year. The securities will be free trading on completion of the transaction. In connection with the brokered component of the offerings, which was led by Canaccord Genuity Corp., the company will pay cash commissions of 7 per cent of the total amount raised under the brokered portion of the offering and issue broker warrants for 10 per cent of the total number of units issued under the brokered portion of the offering. Each broker warrant entitles the holder to acquire one common share of the company at a price of 20 cents for a period of one year.

Identillect's Delivery Trust proprietary e-mail encryption delivery technology is targeted at organizations of all sizes, as well as individuals, and is sold to consumers on a monthly subscription basis. The product can be accessed by customers on both desktop and mobile devices, and messages are secured with patented, state-of-the-art encryption technology in the click of a button, ensuring their safety while in transit. Since commercializing the product, Identillect has quickly grown its subscriber base and is becoming recognized in the security industry as a top e-mail security provider. The net proceeds from the offering will be used by Identillect for the expansion of marketing efforts for Delivery Trust and for general working capital purposes.

The transaction will constitute a reverse takeover and change of business for the company under the policies of the TSX Venture Exchange. Closing of the transaction is conditional on the receipt of all regulatory approvals, including the approval of the exchange, and cannot close until the required approvals are obtained. There can be no assurance that the transaction will be completed as proposed or at all. The transaction has received the conditional approval of the exchange, subject to completion of customary closing conditions.

Following the completion of the transaction, it is anticipated that Quentin will become a Tier 2 technology issuer on the exchange. Trading in the common shares of the company will remain halted pending further filings with the exchange.

We seek Safe Harbor.