Mr. Harris Liontas reports

NOVRA ANNOUNCES $1.3 MILLION PRIVATE PLACEMENT

Novra Technologies Inc. has entered into a private placement agreement under which it will receive $1.3-million in financing. This financing will be used as additional working capital to support Novra's initiatives in new vertical and geographic markets, including support for Novra's research and development activities, and to repay existing liabilities.

The agreement with The David E. Chymiak Trust dated Dec. 15, 1999, is a non-brokered private placement of 10 million Novra common shares at 13 cents per share. No finders' fees or commissions apply to this financing. After completion of this private placement, the trust will hold 10 million shares, representing approximately 16.6 per cent of Novra's issued and outstanding shares. As such, the trust will become an insider of Novra as defined in TSX Venture Exchange Policy 1.1.

This proposed private placement is subject to the approval of TSX-V, which has not yet been granted.

About Novra Technologies Inc.

Novra is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Novra group of companies includes Novra Technologies, International Datacasting Corp. and Wegener Corp. The companies in the group are known for a strong focus on applications, including: broadcast video and radio, digital signage, highly reliable data distribution, government and defence, and other mission-focused applications. With R&D (research and development) and manufacturing facilities in both Canada and the United States, Novra serves prestigious customers around the world directly and in co-ordination with its extensive network of international resellers and partners.

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