VANCOUVER, B.C., November 28, 2016 – LexaGene Holdings Inc. (formerly, Wolfeye Resource Corp.) (TSX-V: LXG) (the “Company”) is pleased to announce the appointment of Allan Fabbro as Vice-President (Corporate Development) of the Company. Mr. Fabbro has over 30 years’ experience in both the finance and mining industries. From 1984 to 1990, he headed the retail trading department at Yorkton Securities, followed by six years with Yorkton’s Natural Resources Group. After working for 10 years as an investment advisor with Canaccord Capital, specializing in the natural resource sector, Mr. Fabbro left to become Lead Director of Roxgold Inc. During his tenure, Roxgold was named the top company on the TSX Venture 50 and raised in excess of $65 million in equity financing. The Company believes the appointment of Mr. Fabbro as Vice-President (Corporate Development) of the Company will help the Company achieve its goals going forward.
About the Company
The Company is a start-up biotechnology company focused on building fully automated instruments for rapid pathogen detection. The instrument will be easily operated by a layperson, allowing the Company to place these instruments at the site of sample collection, whether inside of food processing plants or inside hospitals. The instrument will return results in approximately 1 hour, and screen for multiple pathogens at the same time.
ON BEHALF OF THE BOARD “Jack Regan” Jack Regan President and Chief Executive Officer
For further information, please contact: Jack Regan, President and Chief Executive Officer Tel: 650-200-8771
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. 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. – 2 – LEGAL_26124706.2 This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds, the results of financing efforts, the results of exploration activities — that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.