Labrador Cancels $100,000 Private Placement

CALGARY, ALBERTA--(Marketwired - May 7, 2015) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Company") announces it will not be proceeding with the previously announced $100,000 non-brokered private placement (the "Private Placement") at this time. Labrador is continuing discussions with respect to financing options and will provide future updates as circumstances warrant.

Labrador® specializes in secure, web-based data retrieval software that maps and visualizes Oil & Gas data on computers, tablets, and smartphones.

Neither 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 release.

Certain information regarding Labrador set forth in this news release, including the closing of the private placement and the use of proceeds of the private placement may constitute forward-looking statements under applicable securities laws and necessarily involve substantial known and unknown risks and uncertainties. The forward-looking statements contained in this document are made as at the date of this news release and Labrador does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.