Mr. Aman Bhardwaj reports

LIBERTY PROVIDES CLARIFICATION TO EARLIER NEWS RELEASE

Liberty Defense Holdings Ltd. wishes to clarify the news release disseminated by the company on June 22, 2020, in respect of the company's proposed reverse takeover by DrawDown Detection Inc.

Prior to the completion of the transaction, DrawDown will arrange for the completion of a concurrent financing of Liberty subscription receipts for minimum gross proceeds of $2.5-million. At the request of the TSX Venture Exchange, the company wishes to clarify that the price of the subscription receipts will be determined in the context of the market and as mutually agreed upon by the parties. The final terms of the concurrent financing remain subject to change. Additional information in connection with the concurrent financing will be provided in subsequent press releases. There is no assurance that the concurrent financing will be completed as proposed or at all.

Additional information regarding the transaction is provided in the company's news releases dated Jan. 28, 2020, April 7, 2020, and June 22, 2020.

About DrawDown Detection Inc.

DrawDown is a privately held corporation incorporated on Oct. 26, 2018, under the Business Corporations Act (British Columbia), and is a weapons detection technology company that commercializes intellectual property for use in the public safety market. The company is in the development stage of a hand-held device to detect smokeless gunpowder. The company's business plan is to develop and sell its patented gunpowder detection sensor to law enforcement agencies and critical infrastructure providers, including but not limited to schools, sporting venues, hotels, places of worship and private business markets globally. The gunpowder detection sensor technology is being developed in the United States. DrawDown is widely held and does not have any controlling shareholders.

Cautionary notes about the transaction

Completion of the transaction is subject to a number of conditions, including but not limited to TSX-V acceptance and, if applicable, disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in any management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in securities of Liberty should be considered highly speculative.

All information contained in this press release with respect to DrawDown, its business and its operations was supplied by DrawDown for inclusion herein. Liberty has not conducted due diligence on the information provided and does not assume any responsibility for the accuracy or completeness of such information.

About Liberty Defense Holdings Ltd.

Liberty provides security solutions for concealed weapon detection in high-volume foot traffic areas, and has secured an exclusive licence from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement, for patents related to active 3-D radar imaging technology that is packaged into the HEXWAVE product. The sensors with active 3-D radar imaging and artificial-intelligence-enhanced automatic detection are designed to detect metal and non-metal firearms, knives, explosives and other threats.

We seek Safe Harbor.