Mr. Bill Frain reports

LIBERTY ANNOUNCES US$1 MILLION INVESTMENT BY VIKEN DETECTION

Liberty Defense Holdings Ltd. has closed an investment by Viken Detection Corp. pursuant to which Viken purchased 9,090,909 units of the company at an issue price of 11 U.S. cents per unit (approximately 15 cents), for gross proceeds of $1-million (U.S.).

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire, on payment of 20 cents to the company, one common share of the company, subject to adjustment in certain circumstances, unit Feb. 26, 2027. The warrants will contain blocker language restricting the exercise of the warrants in the event such exercise results in Viken holding more than 9.9 per cent of the outstanding voting securities of the company.

"This investment further demonstrates the commitment from Viken in the Hexwave technology and the overall need for next-generation on person screening technology, to detect non-metallic and metallic threats," said Bill Frain, Liberty's chief executive officer. "Unfortunately, we continue to see acts of violence in the Americas requiring enhanced security measures and this investment will help us accelerate the delivery of product to the marketplace."

The proceeds from the offering will be used to further the production of Hexwave technology and for general corporate purposes.

The offering is being conducted pursuant to an exemption from the prospectus requirements under applicable securities laws. The securities issued pursuant to the offering are subject to hold period expiring June 27, 2024.

About Liberty Defense Holdings Ltd.

Liberty Defense provides multitechnology security solutions for concealed weapons detection in high-volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools and more.

We seek Safe Harbor.