Mr. Marc Rousseau reports

QUANTUM EMOTION CLOSES BROKERED LIFE FINANCING OF $12,000,000

Quantum Emotion Corp. has closed its previously announced best effort brokered private placement for total gross proceeds of $12-million, consisting of the issuance of eight million units of the corporation at a price of $1.50 per unit, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions). AGP Canada Investments ULC acted as sole bookrunner for the offering and AGP/Alliance Global Partners acted as the sole U.S. agent to the corporation in connection with the offering.

Each unit consists of: (i) one common share in the capital of the corporation; and (ii) one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of the corporation at a price of $1.82 for a period of three years from the date of issuance.

The corporation intends to use the net proceeds raised from the offering to accelerate the pace of its research and development efforts, to expand the R&D team, to hire staff for the commercialization initiatives under way, and for general working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the securities issued pursuant to the LIFE are expected to be immediately freely tradable and will not be subject to a hold period under applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the corporation's profile at SEDAR+ and on the corporation website.

As consideration for its services, the agent has received an aggregate cash fee equal to 6.0 per cent of the gross proceeds of the offering. In addition, the corporation issued to the agent non-transferable warrants representing 4.0 per cent of the aggregate number of units issued pursuant to the offering. Each agent warrant entitles its holder to purchase one common share of the corporation at a price of $1.66 for a 30-month period from the date of issuance.

About Quantum Emotion Corp.

The corporation's mission is to address the growing demand for affordable hardware and software security for connected devices. Quantum Emotion has become a pioneering force in classical and quantum cybersecurity solutions as a result of its patented quantum random number generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems.

The corporation intends to target highly valued financial services, health care, blockchain applications, cloud-based information technology security infrastructure, classified government networks and communication systems, secure device keying (Internet of Things, automotive and consumer electronics), and quantum cryptography.

We seek Safe Harbor.