Mr. Denis Taschuk reports

RADIENT TECHNOLOGIES INC. RELEASES FOURTH QUARTER AND YEAR-END RESULTS

Radient Technologies Inc. has released its financial results for the fourth quarter and its fiscal year ended March 31, 2015. The audited financial statements, management's discussion and analysis, and the chief executive officer and chief financial officer certifications for the three-month and 12-month periods ended March 31, 2015, are available on SEDAR.

Current financial situation

The corporation is currently experiencing a significant cash shortage. The corporation urgently needs to secure additional financing arrangements to finance its current working capital deficit and to finance its continuing operations and corporate administration costs so as to continue as a going concern. The board of directors of the corporation is currently advancing a variety of alternatives to address the corporation's financial situation.

To partially alleviate this issue, as previously announced, the corporation completed in tranches a non-brokered private placement of units of the corporation initially announced on April 16, 2015. Each unit was composed of 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. Pursuant to the offering, the corporation issued a total of 4,479,300 units at a price of 10 cents per unit for aggregate gross proceeds of $447,930. The proceeds of the offering will be used for general working capital purposes.

We seek Safe Harbor.