Mr. Denis Taschuk reports

RADIENT TECHNOLOGIES INC. COMPLETES SECOND TRANCHE OF PRIVATE PLACEMENT OFFERING

Radient Technologies Inc. has completed the second tranche of its non-brokered private placement of units previously announced on Dec. 12, 2014. Under the second tranche of the offering, the corporation issued and sold 1.8 million units for total gross proceeds of $180,000. Each unit comprises one common share of the corporation and one-half common share purchase warrant, with each whole warrant entitling the holder to subscribe for one additional common share at a price of 50 cents per common share until the date that is 42 months from the date of issuance of such warrant.

A portion of the second tranche of the offering constitutes a related party transaction under Multilateral Instrument 61-101, as Denis Taschuk, a director and senior officer of the corporation, purchased 250,000 units. Prior to completion of the second tranche of the offering, Mr. Taschuk owned or controlled 194,812 common shares, or approximately 0.52 per cent of the total common shares issued and outstanding. After giving effect to the second tranche of the offering, and assuming Mr. Taschuk exercises all of the warrants underlying the units, Mr. Taschuk would own or control 569,812 common shares, or approximately 1.4 per cent of the issued and outstanding common shares. The offering is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders will exceed 25 per cent of the corporation's market capitalization. The corporation did not file a material change report 21 days prior to the closing of the second tranche of the offering, as the details of the participation of the related party of the corporation had not been confirmed at that time.

On the completion of the second tranche of the offering, the corporation paid a finder's fee comprising a cash commission of $400 and 4,000 common share purchase warrants. Each finder warrant is exercisable for one common share at a price of 10 cents per common share until the date that is 24 months from date of issuance of such finder warrant. All securities issued in connection with the offering are subject to a statutory four-month hold period. The corporation is expected to close additional tranches of the offering, subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

We seek Safe Harbor.