Ms. Kelly Myles reports

BAYLIN TECHNOLOGIES ANNOUNCES FILING OF PROSPECTUS SUPPLEMENT

Baylin Technologies Inc. has filed a prospectus supplement to a short-form base-shelf prospectus dated Nov. 16, 2017, in connection with its previously announced bought deal offering of 7,340,426 common shares of the company at a price of $2.35 per common share for aggregate gross proceeds to the company of $17,250,001. The company has granted the underwriters an overallotment option to purchase up to an additional 1,101,064 common shares at the offering price, exercisable in whole or in part at any time for a period ending 30 days from the closing of the offering. In the event the overallotment option is exercised in full, the aggregate gross proceeds of the offering will be $19,837,502. The prospectus supplement describes in detail the terms of the offering and has been filed with securities regulators in each of the provinces and territories of Canada.

The common shares may also be offered in those jurisdictions outside of Canada which are agreed to by the company and the underwriters, where the common shares can be issued on a private placement basis, exempt from any prospectus, registration or other similar requirements.

The offering is expected to close on or about Nov. 28, 2017, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

It is anticipated that certain directors and officers of the company will purchase up to 2,806,966 common shares pursuant to the offering. By virtue of the participation of such insiders, the offering would constitute a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company expects to release a material change report, including details with respect to the related-party transaction fewer than 21 days prior to the closing of the offering, which the company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the offering in an expeditious manner. The company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101.

About Baylin Technologies Inc.

Baylin is a leading global technology company with over 39 years of experience in designing, producing and supplying innovative antennas. It strives to meet its customers' needs by being their trusted partner from initial design to production with an extensive portfolio of custom engineered solutions and leading-edge off-the-shelf antenna products.

We seek Safe Harbor.