Mr. Ted Drzazga reports

TED DRZAZGA ANNOUNCES CHANGE IN OWNERSHIP INTEREST OF ZTEST ELECTRONICS INC.

The ownership interest of Wojciech (Ted) Drzazga, chief executive officer and a director of Ztest Electronics Inc., and that of his wife Joanna Drzazga, in Ztest have collectively decreased by more than 2 per cent. Mr. Drzazga and Mrs. Drzazga previously filed an early warning report with respect to the securities of Ztest on Dec. 16, 2016, at which time they collectively had the ability to acquire 18.29 per cent of Ztest on a partially diluted basis. As a result of the exercise of 1.3 million warrants and the sale of securities of Ztest by Mr. Drzazga and Mrs. Drzazga and the increase in the issued and outstanding capital of Ztest to 19,548,696 common shares as a result of the exercise of 450,000 warrants by third parties, Mr. Drzazga and Mrs. Drzazga collectively hold 15.965 per cent of the company.

Mr. Drzazga holds 1,593,477 common shares, representing 8.15 per cent of the issued and outstanding capital of the company. Mrs. Drzazga holds directly and indirectly 1,527,545 common shares, representing 7.81 per cent of the issued and outstanding capital of the company. Collectively, they hold 3,121,022 common shares, representing 15.965 per cent of the issued and outstanding capital of the company.

Mr. Drzazga and Mrs. Drzazga have advised that the securities were acquired for investment purposes and that they have no present intention to either increase or decrease their holdings in the company. Notwithstanding the foregoing, they have advised that they may increase or decrease their beneficial ownership, control or direction over common shares of the company through market transactions, private agreements, other treasury issuances or otherwise.

This news release is issued pursuant to National Instrument 62-103 (the Early Warning System and related Take-Over Bid and Insider Reporting Issues) of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report in respect of the foregoing matters will be available on Ztest's issuer profile on SEDAR.