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Atlanta Businessman Mit Shah Joins Liberty Defense Board of Advisors

Vancouver, BC and Atlanta, GA – May 28, 2019 – Liberty Defense Holdings Ltd. (“Liberty”) (TSXV: SCAN; FRANKFURT: LD2) is pleased to announce that Mit Shah, founder and CEO of Noble Investment Group (“Noble”), a real estate investment firm specializing in the lodging industry, has joined the Liberty’s advisory board.

Mr. Shah provides overall strategic guidance for Noble and heading its investment committee and presently serves as non-executive chairman of the board for CorePoint Lodging. He is also a member of the Industry Real Estate and Finance Advisory Council of the American Hotel and Lodging Association and serves on owner advisory boards with Marriott International and Hyatt Hotels Corporation. He is also part-owner of NBA’s Atlanta Hawks.

Shah has been profiled in multiple publications, including Newsweek Magazine, Atlanta Magazine, and Lodging Hospitality Magazine. He has also been named as one of the most influential South Asians in the United States and one of Atlanta’s most prominent leaders.

“The ability to draw upon Mit’s extensive expertise within the lodging and hospitality space is hugely beneficial for Liberty as we ensure that our go-to-market strategy is well defined and meets the needs of the industry. Further, Mr. Shah’s connections through the lodging and sports industry will further help with the deployment of HEXWAVE,” stated Bill Riker, CEO of Liberty Defense. “Having Mit’s support of Liberty and HEXWAVE is further validation that we are on the right path in addressing the needs of the urban security market.”

Mit Shah said, “I greatly value Liberty Defense’s mission to preserve peace of mind and ensure safety, and I look forward to advising the company in ways that will help make this a reality.”

Liberty’s advisory team includes several notable members, including Francesco Aquilini, NHL Governor; Victor Montagliani, VP of FIFA; Craig Peters, one of the top Coldwell Banker Richard Ellis (CBRE) brokers in the Western US; and Al Grasso, former president and CEO of The MITRE Corporation. View the entire executive and advisory team at: libertydefense.com/Company.

On Behalf of Liberty Defense

Bill Riker
CEO & Director

About Liberty Defense

Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The sensors with active 3D imaging and AI-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: libertydefense.com

About Noble Investment Group

Since 1993, Noble has specialized in making value-add, opportunistic and income investments in upscale hotels affiliated with Marriott, Hyatt, Hilton and Intercontinental. Through its private equity real estate funds, Noble has invested more than $3 billion in communities throughout the United States, creating thousands of jobs. As a fiduciary to state pensions, university endowments and foundations, Noble’s endeavors help to preserve and grow our limited partners’ capital which provides retirement benefits for millions of our country’s teachers, policemen and firefighters as well as financial resources for students to attend college.

For further information contact:

Liberty investor relations:

Adam Ross
Telephone: 604-336-9820 x1
Toll-Free: 1-833-923-3334
Email: info@libertydefense.com

Liberty media relations:

Brittany Whitmore
Telephone: 778-238-6096
Email: brittany@exvera.com

Forward-Looking Statements

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, amongst others, information relating to the advisory board. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: (a) Mit Shah or any other advisor will continue to advise with Liberty. These fluctuations may adversely affect the price of the Liberty’s securities, regardless of its operating performance. There are a number of important factors that could cause Liberty’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).

Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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