Mr. Steve Snyder reports

ECOSYNTHETIX ADOPTS ADVANCE NOTICE BY-LAW

EcoSynthetix Inc.'s board of directors has adopted amendments to its bylaws to add a provision that requires advance notice to the company for director nominations. This provision would apply in circumstances where director nominations are made by shareholders of the company, other than in connection with (i) the requisition of a shareholders meeting, or (ii) a shareholder proposal, in each case made pursuant to the Business Corporations Act.

Among other things, the advance notice bylaw fixes a deadline by which holders of record of common shares of the company must submit director nominations to the company prior to any annual or special meeting of shareholders, and sets forth the information that a shareholder must include in the notice to the company. In the case of an annual meeting of shareholders, notice to the company must be given not less than 30 days prior to the date of the annual meeting. In the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be given not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting) called for the purpose of electing directors (whether or not called for other purposes), notice to the company must be given not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The advance notice bylaw provides a clear process for shareholders to follow for director nominations, and sets out a reasonable time frame for nominee submissions and the provision of accompanying information. The purpose of the advance notice bylaw is to treat all shareholders fairly by ensuring that all shareholders receive adequate notice of the nominations to be considered at a meeting, and can thereby exercise their voting rights in an informed manner. In addition, the advance notice bylaw should assist in facilitating an orderly and efficient meeting process. The advance notice bylaw is in full force and effect as of Jan. 26, 2015, and is subject to ratification and confirmation by the shareholders of the company at its next annual meeting of shareholders. A copy of the advance notice bylaw has been filed under the company's SEDAR profile.

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