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File: October 12, 2015 Two New Directors-Final.pdf

                                  For Immediate Release

                    LEONOVUS ANNOUNCES TWO NEW DIRECTORS
OTTAWA, Canada October 14, 2016   LeoNovus Inc. ("LeoNovus") (TSXV: LTV) announces that
two additional Directors were nominated and elected at its AGM on October 4, 2016. Adding Mr.
Michael Gaffney and Mr. Denis Archambault increases the size of the board to five. The additions to
the Board of Directors are subject to approval by the TSX Venture Exchange.
Mr. Gaffney is a successful serial technology entrepreneur and has sat on several public
company boards. He is a graduate of the University of Ottawa (BSc.) and the John Molson School
of Business in Montreal (M.B.A.). From 2004 to 2013 he was CEO of InTouch Insight Inc.
(TSXV:INX) and is currently sits on the INX board as the Executive Chair. In 2002 he was co-
founder, Chairman and CEO of Blufyre One Inc. which became Soltoro Inc. (TSXV:SOL). In 2001
he was cofounder and CEO of ENQ Semiconductor Inc. Both Blufyre and ENQ were successful
start-ups and later sold to larger companies. In 1996 he founded Learnsoft Inc. which then went
on to create the world's first private online university which was subsequently sold in 2001.
From 1991 to 1996 he was a Vice President at Newbridge Networks. Over the years Mr. Gaffney
has been active in community organizations such as the former Chair of the Queensway
Carleton Hospital and also as a Canadian National Olympic Diving Coach.

Denis Archambault holds a Bachelor of Business Administration from the University of Ottawa
and held for 25 years, professional designations in the Real Estate Industry. Mr Archambault has
served on the National Board of a the Real Estate Institute of Canada along with appointments
on its Finance Committee and currently serves on the board of a hotel and multi-use property in
South Florida. He also currently serves on a finance committee of a pension fund located in
Montreal. Mr. Archambault was a Senior Commercial Loan Account Manager for a Montreal
Trust Company in Ottawa. He also served as Director of Finance and development co-ordinator
for a major real estate developer/owner in the Ottawa area where his duties included strategic
mortgage analysis, acquisitions and development of a varied portfolio of real estate assets. He
was also Dean of Faculty for the finance program for the Real Estate Institute of Canada for over
20 years. He is presently president of DMAC Group Inc. an investment company that acquires,
self-manages, finances, develops various real estate endeavours and performs consultations &
training for lenders, pension fund managers and real estate portfolio owners. Mr Archambault
also performs various seminars relating to mortgage financing and real estate investment
analysis. Fluently bilingual, he is based in Ottawa.


This press release may contain forward-looking statements and information, which may involve
risks and uncertainties. The results or events predicted in these statements may differ materially
from actual results or events. Factors that might cause a difference include, but are not limited to,
competitive developments, risks associated with LeoNovus' growth, the state of the financial
markets, regulatory risks and other factors. There can be no assurance or guarantees that any
statements of forward-looking information contained in this release will prove to be accurate.
Actual results and future events could differ materially from those anticipated in such statements.
These and all subsequent written and oral statements containing forward-looking information are
based on the estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. Unless otherwise required by applicable securities laws,
LeoNovus disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise. Readers should
not place undue reliance on any statements of forward-looking information that speak only as of
the date of this release. Further information on LeoNovus' public filings, including its most recent
audited consolidated financial statements, are available at www.sedar.com.
 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.


For More Information, please contact:
Michael Gaffney
mgaffney@leonovus.com