George Graham, CEO and President of ATI AirTest Technologies Inc. ('ATI' or the 'Company') (TSXV: AAT), is pleased to announce that further to its News Releases of August 7, 2019 and October 16, 2019, it has closed a first tranche (the 'First Tranche') of the non-brokered private placement financing (the 'Financing') of up to 6,250,000 units (each, a 'Unit') at a price of $0.02 per Unit for gross proceeds of up to $125,000.

The Company has previously disclosed its proposed use of proceeds in the News Release dated August 7, 2019.

The First Tranche consisted of the issuance of 500,000 Units at a price of $0.02 per Unit for gross proceeds of $10,000. Each Unit consists of one common share of the Company (each, a 'Share') and one common share purchase warrant (each, a 'Warrant'), with each Warrant entitling the holder to purchase one Share at a price of $0.05 per Share for a period of one year following the closing of the Offering. For the First Tranche, the Company paid cash finder's fees of $800 to one finder. All securities issued in the First Tranche, and the Shares that may be issuable on exercise of the Warrants, are subject to a statutory hold period expiring May 4, 2020. None of the securities issued in the Offering have been, and none of them will be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About ATI:

ATI AirTest Technologies Inc. is a Green-Tech company specializing in sensors that improve commercial building operating efficiency and at the same time create energy savings. These sensors are all based on technical innovations developed in the last ten years and comprise a growing second wave of energy saving technologies that are positioned to make a significant contribution to the Sustainable Buildings Program. AirTest offers its products to leading-edge building owners, contractors and energy service companies targeting the buildings market. AirTest also provides energy cost reduction solutions to building equipment and controls manufacturers who incorporate AirTest sensor components in their products.

Contact:

Tel: (604) 517 3888

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