Mr. Mark Elfenbein reports

SLYCE INC. ANNOUNCES SHORT FORM PROSPECTUS OFFERING

Slyce Inc. has filed a preliminary short form prospectus with the securities regulatory authorities in the provinces of Ontario, British Columbia and Alberta in connection with a public offering, on a commercially reasonable-efforts basis, of a minimum of 45 million units of the corporation and a maximum of 67.5 million units at a price of 20 censt per unit for minimum total gross proceeds of approximately $9-million and maximum total gross proceeds of approximately $13.5-million.

Each unit will consist of one common share of the corporation and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of 22 cents for a period of 60 months following the date of issuance.

The offering is being made through a syndicate led by Euro Pacific Canada Inc. and including Salman Partners Inc. The agents will receive a cash commission equal to 7.0 per cent of the gross proceeds raised under the offering. As additional consideration, the agents will be granted non-transferable broker warrants equal to 7.0 per cent of that number of units sold. Each broker warrant will be exercisable into one unit for a period of 60 months from the closing of the offering at a price of 22 cents per unit.

Slyce has obtained a receipt for the preliminary prospectus from the securities regulatory authorities in the provinces of Ontario, British Columbia and Alberta. The offering is expected to close on or about Dec. 15, 2015, or such earlier or later date as Slyce and the lead agent may agree. The closing of the offering is subject to a number of conditions, including, without limitation, the issuance of a receipt by the securities regulatory authorities in the provinces of Ontario, British Columbia and Alberta for a final short form prospectus in connection with the offering, the approval of the TSX Venture Exchange, and the execution of an agency agreement among Slyce and the agents.

The net proceeds of the offering will initially be added to the corporation's working capital, and will subsequently be applied to various purposes in furtherance of the corporation's business plan and for general corporate purposes.