Targeted Microwave Solutions Inc.
CNSX : TMS
OTCQX : TGTMF

Targeted Microwave Solutions Inc.

May 16, 2016 08:30 ET

TMS Announces Final Acceptance for TSX Venture Exchange Listing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 16, 2016) - Targeted Microwave Solutions Inc. (CSE:TMS)(OTCQX:TGTMF) ("TMS" or the "Company") is pleased to announce that it has received final acceptance from the TSX Venture Exchange ("TSX-V") for the listing of its common shares on the TSX-V.

The Company's common shares are expected to begin trading on the TSX-V effective the open of the market on Tuesday, May 17, 2016, and will continue to trade under the stock symbol "TMS". As a result of the listing of TMS's common shares on the TSX-V, its common shares will no longer trade on the Canadian Securities Exchange ("CSE") and will be delisted from the CSE upon commencement of trading on the TSX-V.

In accordance with the policies of the TSX-V, TMS has also reconstituted its audit committee, which is now composed of Dr. Stephen D. Crocker, Dr. James Young and Ian Hume.

Further information about TMS can be found in the Company's Listing Application dated May 11, 2016, filed under the Company's corporate profile on SEDAR at www.sedar.com.

About Targeted Microwave Solutions Inc.

TMS is a microwave process developer specializing in clean emission, high-throughput industrial drying solutions. TMS's proprietary microwave beneficiation systems are being developed to specifically address the increasing environmental costs of a cornerstone of the global manufacturing and processing economy, industrial drying. The TMS process represents a unique, vertical microwave system that may be deployed to dry, re-size and calcine industrial aggregates at high throughput capacity. TMS believes that its technology will allow for superior energy efficiency, process control and a clean emission profile, allowing TMS to deliver effective drying solutions that can fundamentally challenge the mainstream narrative that large-scale industry is incompatible with responsible, environmental policy. TMS has completed constructing a commercial-scale facility in King William County, Virginia, U.S.A. and has entered into joint ventures for China and India to develop and market its technology.

On behalf of the Board of Directors,

Dr. James Young, Chairman of the Board of Directors

FORWARD-LOOKING STATEMENTS

This news release contains certain statements which are, or may be deemed to be "forward-looking statements". Forward-looking statements are statements that address or discuss activities, events or developments that we expect or anticipate may occur in the future. Forward-looking statements consist of statements that are not purely historical and, in this news release, include, without limitation, statements regarding: the benefits of and development and commercialization, if at all, of TMS's proprietary technology; and TMS's expansion of the application of its proprietary technology. When used in this news release, words such as "estimates", "expects", "plans", "anticipates", "projects", "will", "believes", "intends", "should", "could", "may" and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the then-current expectations, beliefs, assumptions, estimates and forecasts of our management. Because forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict, our actual results, performance or achievements or the actual results or performance of the industries and markets in which we operate and intend to operate may be materially different from those anticipated in our forward-looking statements. Forward-looking statements involve significant uncertainties and risks, should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in our forward-looking statements, including the matters described in our public filings available on SEDAR at www.sedar.com. Accordingly, readers should exercise caution in relying upon our forward-looking statements and we undertake no obligation to publicly revise such statements to reflect subsequent events or circumstances, except as required by law.

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

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