Mr. Nathan Hansen reports

ROBIX ANNOUNCES SHARES FOR DEBT PRIVATE PLACEMENT AND PROVIDES CORPORATE UPDATE

Robix Environmental Technologies Inc. has settled outstanding indebtedness of $275,000 through the issuance of 1,375,000 common shares of the corporation at a deemed price of 20 cents per common share. The common shares issued in connection with the debt settlement are subject to a hold period that expires on June 16, 2017.

In connection with the acquisition of Formation Fluid Management Inc. (FFM), which company was acquired by Robix on Oct. 7, 2016 (see Robix's Oct. 11, 2016, news release), Robix terminated the former chief financial officer of FFM, who has filed a statement of claim alleging breach of contract. As set out in the court documents, the former CFO is seeking a judgment in the amount of $283,334, vesting of stock options and punitive damages in the amount of $100,000. Robix has engaged legal counsel and is taking steps to vigorously defend this claim.

In addition, Robix received notice that, pursuant to the previous loan agreement between FFM and the Royal Bank of Canada, FFM was in default, and that the amount of the loan in the amount of $487,226 was due and owing. Robix is currently seeking legal advice in respect of its options with respect to this claim.