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File: Bi-Optic - News Release - Asset Acquisition.DOCX

BI-OPTIC VENTURES LTD. Suite 1518, 1030 West Georgia Street Vancouver, British Columbia V6E 2Y3
NEWS RELEASE
BI-OPTIC TO ACQUIRE LED LIGHTING ASSETS
October 7, 2015 - Vancouver, British Columbia - Bi-Optic Ventures Ltd. (the "Company" or "Bi-Optic") (TSXV: OP.H) is p
--->leased to announce that it has entered into an asset purchase agreement (the "Purchase Agreement") with Robert Huston,
---> Growthstar Technologies Inc. ("Growthstar"), and Ultimate Energy Savings Canada Inc. ("Ultimate Energy"), whereby Bi-
--->Optic will acquire certain LED lighting equipment and intellectual property (the "Acquisition").  Both Growthstar and 
--->Ultimate Energy are privately held British Columbia corporations, based in Vancouver.
Bi-Optic anticipates utilizing the assets acquired in the Acquisition to establish a business in which it develops and
---> markets LED lighting technology for use by the agricultural industry, retail consumers and government agencies.  As c
--->onsideration for the Acquisition, Bi-Optic will pay $60,000 and issue 1,500,000 common shares.
Prior to closing of the Acquisition, it is anticipated that Bi-Optic will apply to list its common shares for trading 
--->on the Canadian Securities Exchange ("CSE") and voluntarily delist its shares from the TSX Venture Exchange ("TSXV"). 
---> On closing of the Acquisition, it is anticipated that Bi-Optic will change its name to "Arcturus Growthstar Technolog
--->ies Inc.", and will reconstitute its board of directors to include Robert Huston, Mike Withrow, Harry Chew and Scott M
--->cDermid, with Robert Huston serving as Chief Executive Officer.
Closing of the Acquisition remains subject to a number of conditions, including the completion of satisfactory due dil
--->igence, receipt of any required shareholder, regulatory and third-party consents, the CSE having conditionally accepte
--->d the listing of the Company's common shares, the TSXV having agreed to voluntarily delist the Company's common shares
--->, and the satisfaction of other customary closing conditions.  Additional information regarding the Acquisition will b
--->e made available under the Company's profile on SEDAR (www.sedar.com) as such information becomes available.
The Acquisition cannot close until the required approvals are obtained, and the Company's common shares have been deli
--->sted from the TSXV.  There can be no assurance that the Acquisition will be completed as proposed or at all, or that t
--->he Company's common shares will be listed and posted for trading on any stock exchange.  Trading in the Company's comm
--->on shares will remain halted.
For further information, contact Michael Withrow at 604.689.2646.
On behalf of the Board,
Bi-Optic Ventures Ltd.
Michael Withrow, Director
Neither TSX Venture Exchange, nor the Canadian Securities Exchange, has in any way passed upon the merits of the propo
--->sed transaction and have neither approved nor disapproved the contents of this press release.  Neither TSX Venture Exc
--->hange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts r
--->esponsibility for the adequacy or accuracy of this release. 
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements w
--->ithin, other than statements of historical fact, are to be considered forward looking.  Although the Company believes 
--->the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
---> not guarantees of future performance and actual results or developments may differ materially from those in forward-l
--->ooking statements.  Factors that could cause actual results to differ materially from those in forward-looking stateme
--->nts include market prices, exploitation and exploration successes, continued availability of capital and financing, an
--->d general economic, market or business conditions.  There can be no assurances that such statements will prove accurat
--->e and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obl
--->igation to update any forward-looking statements except as required under the applicable laws.