Mr. William Sullivan of Eastern Capital reports

EASTERN CAPITAL LIMITED TO ACQUIRE ADDITIONAL SHARES AND WARRANTS OF RESVERLOGIX CORP.

Eastern Capital Ltd. has entered into a subscription agreement with Resverlogix Corp. pursuant to which Eastern has agreed to acquire 5.6 million units issued by RVX by way of a private placement at a price of $2.67 per unit, for an aggregate purchase price of $14,952,000. Each unit entitles a holder to one common share of RVX plus 0.075358 of a warrant expiring five years after the closing of the private placement. Each whole warrant entitles Eastern to purchase one share of RVX at a strike price of $2.67.

The private placement is part of a larger offering of units by RVX announced on April 27, 2015, pursuant to which RVX will issue 18.87 million units for aggregate proceeds of $50,382,900.

Eastern holds 14,965,307 shares of RVX which represents 17.46 per cent of the 85,699,287 shares outstanding before giving effect to any outstanding warrants. Eastern also holds 7,578,232 common share purchase warrants of RVX. Assuming all warrants are exercised before giving effect to the offering, Eastern would hold approximately 24.17 per cent of the shares of RVX. After giving effect to the offering, assuming all warrants held by Eastern are exercised, Eastern would hold 28,565,544 shares of RVX representing 25.38 per cent of the issued and outstanding shares based on shares outstanding as at today's date.

Eastern has been advised that RVX is exempt from formal valuation and minority approval requirements of applicable securities laws in connection with the private placement on the basis that neither the fair market value of, nor the fair market value of the consideration for, the private placement exceeds 25 per cent of RVX's market capitalization.

The units are being acquired for investment purposes. In the future, Eastern or any of its joint actors may, subject to applicable law, acquire or dispose of securities of RVX depending upon a number of factors, including but not limited to, general market and economic conditions and other available investment opportunities.