Mr. Mark Elfenbein reports

SLYCE INC. GRANTS SHARE OPTIONS

Slyce Inc. has granted stock options to acquire a total of 715,000 common shares of Slyce to its independent directors, executive chairman, corporate secretary and employees.

With an exception of the option granted to one employee which has a three-year term, each grant of options has a five-year term from the date of grant and is exercisable into one common share of Slyce at an exercise price of 36 cents per share. With an exception of the option granted to one employee which vests over a period of 24 months (one-third vests immediately, one-third vests 12 months from the grant date and one-third vests 24 months from the grant date), the options vest over a period of 36 months (one-third vests 12 months from the grant date, one-third vests 24 months from the grant date and one-third vests 36 months from the grant date).

Giving effect to the grant, there will be 10,665,024 outstanding options to purchase common shares of Slyce, representing approximately 7.9 per cent of Slyce's issued and outstanding common shares.

We seek Safe Harbor.