Mr. David Brett reports

INOVENT CAPITAL AND CANADA JETLINES REACH SETTLEMENT

Inovent Capital Inc. and Canada Jetlines Ltd. have reached a settlement of the outstanding litigation between them, first disclosed by Inovent in its news release of March 12, 2015.

Under the terms of the settlement, Jetlines has paid Inovent $25,000 and is required to pay a further $80,000 by Sept. 30, 2015. In addition, Jetlines will issue to Inovent 200,000 warrants entitling Inovent to purchase 200,000 Jetlines common shares at price of 50 cents per share for a period of two years. Upon payment in full, Inovent will consent to a dismissal of its lawsuit against Jetlines without costs, and release the general security agreement registered by Inovent against Jetlines.

We seek Safe Harbor.