Mr. Brenton Scott reports

CRITICAL INFRASTRUCTURE TECHNOLOGIES LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND SHARES FOR DEBT SETTLEMENT

Critical Infrastructure Technologies Ltd. has arranged a non-brokered private placement financing of up to 12.5 million units of the company at a price of eight cents per unit for aggregate gross proceeds of up to $1-million. Each unit will consist of one common share in the capital of the company and one common share purchase warrant, with each warrant exercisable for a period of 24 months from the date of issuance at an exercise price of 14 cents per share. The units and shares issuable upon exercise of the warrants sold pursuant to the offering will be subject to a four-month hold period pursuant to securities laws in Canada. The company previously requested and the Canadian Securities Exchange previously approved the reservation of the price of units.

The company intends to use the net proceeds of the offering for general working capital and the settlement of bona fide debt.

The closing of the offering is subject to certain conditions, including, but not limited to, the submission of all required forms to the CSE.

Insiders may participate in the offering; however, the company intends to rely on the exemptions from the formal valuation and minority approval requirements of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as the fair market value of the consideration paid for by related parties of the company in connection with the offering is not anticipated to exceed 25 per cent of the issuer's market capitalization.

Debt settlement

The company also announces that it anticipates that it will be settling debts of the company by issuing up to an aggregate of 12.5 million units of the company at a deemed price of eight cents per settlement unit. Each settlement unit will comprise one share and one common share purchase warrant, with each settlement warrant exercisable for a period of 24 months from the date of issuance at an exercise price of 14 cents per share. The settlement units and shares issuable upon exercise of the settlement warrants will be subject to a four-month hold period pursuant to securities laws in Canada.

The company intends to rely on the exemptions from the formal valuation and minority approval requirements of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as the fair market value of the consideration paid for the debt assignments to related parties of the company is not anticipated to exceed 25 per cent of the issuer's market capitalization.

The closing of the debt settlement is subject to certain conditions, including, but not limited to, the submission of all required forms to the CSE.

About Critical Infrastructure Technologies Ltd.

Listed on the CSE with operations in Perth, Western Australia, Critical Infrastructure is creating autonomous, high-capacity, rapidly deployable technology that delivers essential services to where they are needed most. Critical Infrastructure is targeting the mining, emergency services and defence sectors in relation to its first product release, the Nexus 16, which aims to provide critical mobile telecommunications for such sectors. Using patented technologies, Critical Infrastructure's self-deploying platform (SDP) provides a solution for two of the greatest limitations of current rapidly deployable communication solutions, strength of the tower, and ability to rapidly self-deploy and operate, in numerous situations. The SDP is designed to support radio equipment including LTE (long-term evolution) and several other technology payloads, such as surveillance and anti-drone systems. Critical Infrastructure has completed the research and development phase and is currently commercializing the first of many products that will be released.

We seek Safe Harbor.