Mr. George Dorin reports

PYNG RECEIVES FINAL ORDER FOR ACQUISITION BY TELEFLEX

The Supreme Court of British Columbia, in its final order dated March 29, 2017, has approved the plan of arrangement whereby all of the issued and outstanding common shares of Pyng Medical Corp. would be acquired by Teleflex Medical Canada Inc., a wholly owned subsidiary of Teleflex Inc.

Pursuant to the arrangement, all currently outstanding stock options and warrants will be deemed to be exercised for that number of shares equal to the in-the-money amount of such stock options and warrants in accordance with their terms, and all convertible debentures will be deemed to be converted into shares in accordance with their terms. On closing of the arrangement, each shareholder of Pyng, including holders of stock options, warrants and convertible debentures receiving shares pursuant to the arrangement, will receive cash consideration of 30.203 U.S. cents for each share held.

Following closing of the arrangement, it is expected that the shares will be delisted from the TSX Venture Exchange, and the company will cease to be a reporting issuer.

Additional information regarding the terms of the arrangement is set out in Pyng's management information circular dated Feb. 20, 2017, which is available under Pyng's profile at SEDAR.

About Pyng Medical Corp.

Based in Richmond, B.C., Pyng Medical commercializes award-winning trauma and resuscitation products for front-line critical care and emergency medical personnel. Pyng's expanded product portfolio includes a variety of innovative, life-saving tools, including intraosseous infusion, pelvic stabilization, hemorrhage control and emergency airway management. With growing markets in North American, Europe and Asia, Pyng offers user-preferred medical devices for use by emergency medical services, hospital staff and military forces worldwide.

We seek Safe Harbor.