Mr. Scott Larson reports

URTHECAST CORP. CLOSES FINANCING FOR GROSS PROCEEDS OF C$17,250,000

UrtheCast Corp. has closed its previously announced bought-deal public offering of 8,625,000 common shares of the company. The common shares were issued at a price of $2 per common share, for aggregate gross proceeds of $17.25-million, which included the exercise of the full amount of the overallotment of 1,125,000 common shares. UrtheCast intends to use the net proceeds from the offering to finance the company's growth strategy and for general corporate purposes.

The offering was completed through a syndicate of underwriters co-led by Canaccord Genuity Corp. and Clarus Securities Inc. and including Cormark Securities Inc. and Dundee Securities Ltd., pursuant to the terms of an underwriting agreement entered into between the company and the underwriters.

The securities described above were offered pursuant to a prospectus supplement filed on April 10, 2015, to a corresponding base shelf prospectus dated April 7, 2014, filed with the securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario.

We seek Safe Harbor.