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File: News Release - Financing Oversubscribed - May 11 2016 (2).DOCX

QUENTIN VENTURES LTD.  Suite 1600, 609 Granville Street Vancouver, BC V7Y 1C3
NEWS RELEASE
QUENTIN RTO TARGET IDENTILLECT CLOSES OVERSUBSCRIBED FINANCING 
Vancouver, British Columbia - May 11, 2016 - Quentin Ventures Ltd. (the "Company" or "Quentin") (TSX{{‐ ‐} &#820
--->8;}V: QTN.H).  Further to its previously announced acquisition (the "Transaction") of Identillect Technologies Corp. (
--->"Identillect"), the Company is pleased to announce that Identillect closed a first tranche of a previously announced b
--->rokered offering issuing 2,387,500 subscription receipts for gross proceeds of $477,500. In addition to this closing, 
--->through a series of recent private placement transactions Identillect has raised a total of $1,872,500 in conjunction 
--->with its pending reverse takeover transaction with Quentin. An additional tranche of the brokered offering is expected
---> to close immediately prior to the closing of the Transaction, which is expected to occur on or before May 18, 2016. T
--->he effective price of the financing transactions was $0.20 per unit.
On closing of the Transaction the Company will issue 9,362,500 common shares and 9,362,500 share purchase warrants to 
--->the private placement investors. Each warrant will entitle the holder to acquire an additional common share at a price
---> of $0.30 for a period of one year. The securities will be free trading on completion of the Transaction. 
In connection with the brokered component of the offerings, which was led by Canaccord Genuity Corp., the Company will
---> pay cash commissions of 7% of the aggregate amount raised under the brokered portion of the offering and issue broker
---> warrants for 10% of the aggregate number of units issued under the brokered portion of the offering.  Each broker war
--->rant entitles the holder to acquire one common share of the Company at a price of $0.20 for a period of one year.
Identillect's Delivery Trust proprietary e-mail encryption delivery technology is targeted at organizations of all siz
--->es, as well as individuals, and is sold to consumers on a monthly subscription basis. The product can be accessed by c
--->ustomers on both desktop and mobile devices, and messages are secured with patented, state-of-the-art encryption techn
--->ology in the click of a button, ensuring their safety while in transit. Since commercializing the product, Identillect
---> has quickly grown its subscriber base and is becoming recognized in the security industry as a top email security pro
--->vider. The net proceeds from the Offering will be used by Identillect for the expansion of marketing efforts for Deliv
--->ery Trust, and for general working capital purposes.
The Transaction will constitute a reverse takeover and change of business for the Company under the policies of the TS
--->X Venture Exchange (the "Exchange"). Closing of the Transaction is conditional on the receipt of all regulatory approv
--->als, including the approval of the Exchange, and cannot close until the required approvals are obtained. There can be 
--->no assurance that the Transaction will be completed as proposed or at all. The Transaction has received the conditiona
--->l approval of the Exchange, subject to completion of customary closing conditions.
Following the completion of the Transaction, it is anticipated that Quentin will become a Tier 2 technology issuer on 
--->the Exchange. Trading in the common shares of the Company will remain halted pending further filings with the Exchange
--->.
On Behalf of the Board of Directors of:
QUENTIN VENTURES LTD.
Doug McFaul Chief Executive Officer Quentin Ventures Ltd. Tel: (778) 331-8505 Email: dmcfaul@emprisecapital.com
Investors are cautioned that, except as disclosed in the disclosure document prepared in connection with the Transacti
--->on, any information released or received with respect to the Transaction may not be accurate or complete and should no
--->t be relied upon.  Trading in the securities of the Company should be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor
---> disapproved the contents of this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Vent
--->ure Exchange) accepts responsibility for the adequacy or accuracy of this release. 
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements w
--->ithin, other than statements of historical fact, are to be considered forward looking.  Although the Company believes 
--->the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
---> not guarantees of future performance and actual results or developments may differ materially from those in forward-l
--->ooking statements.  Factors that could cause actual results to differ materially from those in forward-looking stateme
--->nts include market prices, exploitation and exploration successes, continued availability of capital and financing, an
--->d general economic, market or business conditions.  There can be no assurances that such statements will prove accurat
--->e and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obl
--->igation to update any forward-looking statements except as required under the applicable laws.
About Identillect:
Identillect is a privately held technology company, incorporated under the laws of British Columbia, with operations i
--->n Orange County, California. Identillect was founded in 2010 and has been engaged in the development of its software s
--->ince that time, having already established a growing patent portfolio.  Identillect commercialized its Delivery Trust 
--->product in 2014 and it is now being sold to consumers on a monthly subscription basis and can be accessed by customers
---> on both desktop and mobile devices. With a growing base of paying subscribers, Identillect is rapidly expanding its m
--->arketing and sales efforts.  For more information, visit: www.Identillect.com.