Mr. Joel Leetzow reports

CORTEX ANNOUNCES RESULTS OF JULY 31, 2015 ANNUAL GENERAL AND SPECIAL MEETING

Cortex Business Solutions Inc. is releasing the results of its annual general and special (AGM) meeting for the year ended July 31, 2015, held on Jan. 27, 2016. At the meeting, new company president and chief executive officer Joel Leetzow took attendees through a review of the state of the business, while offering insights into the company's go-forward plan.

At the annual and special general meeting, the following resolutions were passed, with 42.59 per cent of shareholders represented by proxy or in person:

• Approval of the total number of directors at five for the upcoming fiscal year;
• Approval and ratification of the 2016 stock option plan of the corporation;
• Approval of the appointment of PricewaterhouseCoopers LLP as auditor for the upcoming fiscal year;
• Re-election of the board of directors of Randy Henderson, chairman of the board, Grant Billing, Scott Lamacraft, Mark Ripplinger and Joel Leetzow.

"This meeting marks my second AGM in eight months as the CEO of Cortex and the growth in attendees between the two AGMs has been remarkable. It is a testament to the work the team at Cortex has been doing," commented Joel Leetzow, president and chief executive officer of Cortex. "I was impressed by the interest shown by the shareholders who attended, and how astute their comments and observations were. The results we shared show the continuation of the work that we initiated during fiscal 2015, and the ongoing support by the shareholders of our plan tells me that we are on the right path."