RYU Apparel Inc.
TSX VENTURE : RYU

RYU Apparel Inc.

October 19, 2015 15:45 ET

RYU Apparel Announces Private Placement and Resignation of Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 19, 2015) - RYU Apparel Inc. (TSX VENTURE:RYU) ("RYU"), a global, athletic tech-style apparel brand engineered for the fitness, training and performance of the multi-discipline athlete, is pleased to announce a private placement consisting of 6,000,000 units (each, a "Unit") at a price of $0.25 per Unit for gross proceeds of $1,500,000. Each Unit will consist of one common share (a "Share") and one warrant, which entitles the holder to purchase one additional Share at a price of $0.50 per Share for a period of three years.

All securities issued pursuant to the financing will be subject to a statutory hold period expiring four months and one day after closing of the financing. Any participation by insiders in the offering will be a related party transaction under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") but will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 provided that neither the fair market value of the subject matter of the transaction nor the consideration paid will exceed 25% of the Company's market capitalization.

None of the securities issued in connection with the financing will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

RYU also announces that Michelle Sibley resigned as a director of RYU effective October 18, 2015. RYU thanks Ms. Sibley for her contributions.

For regular updates on RYU Apparel visit www.ryu.com.

About RYU

RYU Apparel Inc. is a global, athletic tech-style apparel brand engineered for the fitness, training and performance of the multi-discipline athlete. Designed without compromise, RYU exists to facilitate human performance. For more information, visit www.ryu.com.

On Behalf of the Board, RYU APPAREL INC.

Marcello Leone, CEO, President and Chairman of the Board

Tel: 604-235-2880

Neither the 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.

This news release contains forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of RYU, such as statements that RYU intends to undertake a private placement financing. There are numerous risks and uncertainties that could cause actual results and RYU's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) the inability of RYU to complete the private placement at all or on the terms announced; or (iii) the TSX Venture Exchange not approving the private placement. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, RYU does not intend to update these forward-looking statements.

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