Arius3D Corp.
TSX VENTURE : LZR

Arius3D Corp.

May 16, 2011 17:49 ET

Arius3D Arranges Private Placement

TORONTO, ONTARIO--(Marketwire - May 16, 2011) - Arius3D Corp. ("Arius3D" or the "Company") (TSX VENTURE:LZR) announces that, subject to TSX Venture Exchange ("Exchange") approval, it has arranged a non-brokered private placement of up to 10,103,620 units (each a "Unit") at $0.12 per Unit for gross proceeds of up to $1,212,434 (the "Offering"). Each Unit consists of one common share and one transferable common share purchase warrant (a "Warrant"). Each Warrant shall be exercisable to acquire one common share at an exercise price of $0.16 for a period of five (5) years from the date of closing.

Insiders of Arius3D, consisting of the Chief Executive Officer and a director, expect to purchase up to $221,000 of the Units.

Subject to approval of the Exchange, Arius3D has agreed to pay a finders' fee of 7% of the gross proceeds, payable in cash, and finders' warrants equal to 7% of the Units sold by qualified finders. Each finders' warrant shall be non-transferable and exercisable to acquire one common share of the Company at an exercise price of $0.16 per share for a period of five (5) years from the date of closing.

The proceeds of the Offering will be used for 3D Image content creation, and working capital.

All securities issued to purchasers and finders under the Offering will be subject to a four month hold period from the Closing Date, pursuant to securities legislation and the policies of the Exchange. The securities offered have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration.

About Arius3D Corp.

Classified as an "Information Technology" company, Arius3D is publicly traded and listed on the TSX Venture Exchange trading under the symbol LZR. Arius3D creates imaging solutions that allow organizations to capture and share unique physical objects in digital form. Arius3D offers 3D imaging systems and services to a growing 3D image library. The Arius3D technology supports wide ranging applications in culture and heritage, entertainment, education and product design with a primary focus of generating image license recurring revenues from rich media content. Arius3D has its head office located in Mississauga, Ontario. Visit our website at http://www.arius3d.com to understand more about the Company.

Forward-Looking Information

This news release contains forward-looking information and forward-looking statements (collectively "forward looking statements"), within the meaning of applicable securities laws, with respect to the intended use of proceeds from the offering. Such forward looking statements are based upon assumptions, and estimates made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. These assumptions include those concerning the availability of financing, and no significant decline in existing general business and economic conditions. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward looking statements and, accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include, but are not limited to, the Company's limited financial resources and the availability of financing alternatives; changes in general economic conditions or conditions in the financial market; as well as other risks and uncertainties which are more fully described in the Company's Management's Discussion and Analysis for the 2010 fiscal year and in other Company filings with securities and regulatory authorities which are available at www.sedar.com. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward looking statements and accordingly, readers should not place undue reliance on those statements. Readers are cautioned that the foregoing lists of risks, uncertainties, assumptions and other factors are not exhaustive. The forward looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward- looking statements contained herein or in any other documents filed with securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

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

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