Mr. Steve Smith reports

ZTEST ANNOUNCES $500,000 NON-BROKERED PRIVATE PLACEMENT

Ztest Electronics Inc. is proceeding with a non-brokered private placement of up to two million working capital units (the WC units) of the company at a price of 25 cents per WC unit for up to $500,000 to provide the company with working capital.

Each WC unit consists of one common share of the company priced at 25 cents per common share and one-half of a common share purchase warrant. Each full warrant entitles the holder to acquire one common share until 18 months from the closing of the offering at a price of 30 cents.

Eligible finders will be entitled to receive a fee of 7 per cent cash and compensation options equal to 7 per cent of the number of WC units sold under the offering. Each compensation option entitles the holder to acquire a common share at 25 cents for 18 months from closing.

All securities to be issued pursuant to the offering will be subject to a statutory four-month-and-one-day hold period.

About Ztest Electronics Inc.

Ztest Electronics, through its wholly owned subsidiary Permatech Electronics Corp., offers electronic manufacturing services (EMS) to a wide range of customers. Permatech's offering includes materials management, printed circuit board (PCB) assembly and testing services. Permatech operates from a 20,000-square-foot, ISO 9001:2015 certified facility in North York, Ont., Canada. Permatech is a contract manufacturer of complex circuit boards, serving customers in the medical, power, computer, telecommunications, wireless, industrial, trucking, wearables and consumer electronics markets. It specializes in servicing customers that are looking for high yield and require high quality and rapid turnaround on low- and mid-volume production of high-complexity products.

We seek Safe Harbor.