Ms. Ashley Fallon reports

UGE INTERNATIONAL LTD. ANNOUNCES GRANT OF OPTIONS

UGE International Ltd. has granted 90,000 options to Nicolas Blitterswyk, the company's chief executive officer, with each such option being exercisable for one common share of the company at an exercise price of 45 cents per share for a period of five years from the date of grant, and with such options to vest as to a third on Dec. 19, 2016, a third on Dec. 19, 2017, and a third on Dec. 19, 2018.