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Liberty Defense to Ring the Opening Bell at the Toronto Stock Exchange

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC – April 17, 2019 – Liberty Defense Holdings Ltd. (“Liberty”) (TSXV: SCAN), a concealed weapons detection solutions company, announces that it will ring the opening bell at the Toronto Stock Exchange on April 24 in celebration of its migration to and commencement of trading on the TSX Venture Exchange on April 9, 2019.

“This is a very exciting milestone for Liberty, as we continue to move forward on a mission to create security solutions to protect communities all over the world. We are happy to announce that we are officially trading on the Toronto Stock Venture Exchange,” said Bill Riker, Liberty CEO. “We would like to sincerely thank all our valued team members, investors, and partners for their continued support and involvement in Liberty’s growth and development.”

Already, Liberty has announced that it has in place an MOU to beta test its technology with the Vancouver Arena Limited Partnership which hosts events such as NHL hockey games and most of the largest concerts and shows in Vancouver. The Vancouver Arena is also known for the Canadian men’s and women’s hockey gold medal wins during the Vancouver 2010 Olympic Winter Games.

“Response from the market has been exceedingly positive – there is a very clear demand for this kind of technology and we look forward to continuing to roll out testing for our HEXWAVE product,” added Riker.

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

For further information contact:

Liberty investor relations:

Adam Ross
Telephone: 604-229-9445
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 ringing of the bell at the TS and Beta testing. 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) there is no assurance that Liberty will ring the bell at the TSX on stated date. 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 the parties’ forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The parties have 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 the parties as of the date of this press release and, accordingly, are subject to change after such date. The parties do not undertake to update this information at any particular time except as required in accordance with applicable laws.

All amounts referred to herein are in Canadian dollars unless otherwise indicated.

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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