Mr. Steve Smith reports

ZTEST ANNOUNCES EXTENSION OF $1.10 WARRANTS AND RESULTS OF ANNUAL MEETING

Ztest Electronics Inc. will make application to extend the exercise date of 312,500 warrants currently exercisable until Jan. 31, 2019, at $1.10 per share, issued pursuant to the private placement financing which closed on Jan. 30, 2018, for a further year until Jan. 31, 2020. There has been no change to the warrant exercise price.

At the annual meeting held on Jan. 8, 2019, three of the four directors nominated by management were re-elected, being Steve Smith, Mike Guerreiro and Brendan Purdy. The number of shares withheld from William J. Brown exceeded the number of shares voted for him and he tendered his resignation as a director in accordance with the majority voting policy of the company, which resignation was accepted by the duly elected directors. The board of directors would like to thank Mr. Brown for his service to the company as a director and chairman of the audit committee and wishes him the best in his future endeavours.

About Ztest Electronics Inc.

Ztest Electronics, through its wholly owned subsidiary Permatech Electronics Corp., offers electronic manufacturing services (EMS) to a wide range of customers. Permatech's offering includes materials management, printed circuit board (PCB) assembly, testing and design services. Permatech operates from a 20,000-square-foot, ISO 9001:2015-certified facility in North York, Ont., Canada. The company serves customers in the medical, power, computer, telecommunications, wireless, industrial and consumer electronics markets requiring high-quality, quick-turnaround, small- and medium-size production runs. Ztest also holds a 25.29-per-cent equity interest in Conversance Inc.