Mr. Mark Elfenbein reports

SLYCE INC. ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING

Slyce Inc. has agreed with a syndicate of underwriters co-led by Salman Partners Inc. and Beacon Securities Ltd., and including PI Financial Corp., to upsize its previously announced bought-deal public offering of common shares of the company to 16.4 million common shares at a price of 46 cents per common share for total gross proceeds to the company of $7,544,000.

The company has also agreed to upsize the overallotment option granted to the underwriters to provide the underwriters with the option to purchase up to an additional 2.46 million common shares at the issue price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the offering. If this option is exercised in full, an additional $1,131,600 in gross proceeds will be raised pursuant to the offering, and the total gross proceeds of the offering will be $8,675,600.

The common shares will be offered by way of a short form prospectus to be filed in British Columbia, Alberta and Ontario. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. The offering is expected to close on or about May 14, 2015, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.

We seek Safe Harbor.