May 09, 2018

Phycus Biotechnologies Inc. Announces Grant from the Ontario Government’s Low Carbon Innovation Fund

TORONTO, May 9, 2018. Phycus Biotechnologies Inc (the “Company”) is pleased to announce that the Government of Ontario has approved a grant totalling $375,000 through the Low Carbon Innovation Fund (“LCIF”). The grant will help the Company develop its innovative technology platform for producing biobased chemicals from CO2. The University of Toronto’s Biozone joins as a strategic partner to the project.

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Phycus Biotechnologies Inc.

#150 - 100 College St.

Toronto ON

M5G 1L5

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