Mr. Michael Ickman reports

VOTI DETECTION ANNOUNCES PRIVATE PLACEMENT LED BY ECHELON WEALTH PARTNERS

Voti Detection Inc. has arranged a brokered private placement for gross proceeds of up to approximately $4-million. The offering will be led by Echelon Wealth Partners Inc. as lead agent and sole bookrunner and including a syndicate of other agents that includes Haywood Securities Inc. and Stifel Nicolaus Canada Inc.

The offering will consist up to 9,523,900 units of the company at a price of 42 cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of 70 cents per common share for a period of 24 months from the closing date of the offering.

The corporation will use the net proceeds of the offering for debt repayment, sales, marketing, general corporate and working capital purposes.

The company will pay a cash commission to the agents equal to 8.0 per cent of the aggregate gross proceeds of the offering (3.0 per cent from the sale of units to purchasers identified on the company's president's list) and will issue broker warrants equal to 8.0 per cent of the number of units sold under the offering (3.0 per cent of the number of units from the sale of units to purchasers identified on the company's president's list), each exercisable to acquire one common share at the offering price for a period of 24 months from the closing date of the offering.

Closing of the offering is expected to occur on or about May 6, 2021.

The units will be offered and sold by private placement in Canada to accredited investors within the meaning of National Instrument 45-106 (Prospectus Exemptions) and other exempt purchasers in each province of Canada and may be sold outside of Canada on a basis which does not require the qualification or registration of any of the common shares or the warrants comprising the units in the subscriber's jurisdiction. The company may also concurrently offer and sell units outside of Canada on a non-brokered, unregistered private placement basis to a limited number of accredited investors (as defined in Regulation D under the United States Securities Act of 1933, as amended) with whom the company has substantive pre-existing relationships, in reliance on exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws or in other jurisdictions where permitted by law. The securities issued in the offering will be subject to applicable hold periods imposed under applicable securities legislation, including a hold period of four months and one day from the date of issuance.

About Voti Detection Inc.

Voti is a leading-edge Canadian technology company that develops latest-generation X-ray security systems based on three-dimensional Perspective technology. Voti's technology produces remarkably sharp and more revealing X-ray images that are competitively superior while delivering enhanced threat detection capabilities and an improved user experience. Since its inception, Voti has installed scanners in more than 50 countries and has consulted heavily with government agencies and security specialists worldwide to develop feature-rich and easy-to-use scanners that meet the sophisticated needs of modern security screening operations.

We seek Safe Harbor.