Mr. Nicholas Murray reports

MOSEDA TECHNOLOGIES INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Moseda Technologies Inc. has closed the oversubscribed non-brokered private placement of eight million units of Moseda at a price of 15 cents per unit for gross proceeds of $1.2-million.

Each unit each consists of one common share and one-half transferrable share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share on or before Sept. 21, 2016, at a price of 25 cents per common share.

In accordance with the policies of the TSX Venture Exchange, the company will pay finders' fees.

The securities issued are subject to the statutory four-month hold period as described by the regulatory authorities.

The company announces an additional non-brokered financing of 1.5 million units at a price of 20 cents per unit for gross proceeds of $300,000. It is expected that this financing will close imminently.

Each unit will consist of one common share in the capital of the company and one-half share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share in the capital of the company at a price of 26 cents for a period of 12 months from the closing of the offering.

The company will pay a finder's fee on the offering within the amount permitted by the policies of the exchange. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Proceeds from the private placement will be used by the company for general corporate working capital.

The company also announces that in accordance with the policies of the exchange, the company's amended and restated stock option incentive plan was approved by its shareholders at its last annual general meeting, and has subsequently been approved by the exchange.

We seek Safe Harbor.