Lightspeed Discoveries Inc. ("Lightspeed") announced that it has entered into a definitive share exchange agreement with Genomica Bioinformatics Ltd. ("Genomica") and the shareholders of Genomica dated January 29, 2021 (the "Agreement"), pursuant to which Lightspeed will purchase all of the outstanding securities of Genomica pursuant to a reverse takeover transaction (the "Transaction"). On closing, management of Lightspeed is expected to be reconstituted to consist of five members, three of whom shall be nominees of Genomica and two of whom shall be nominees of Lightspeed. Chris Backus, President and Director of Genomica, will be appointed President and Director of Lightspeed. Rob Goehring will be appointed a Director. Chris Backus has over 20 years leadership experience with both national and international organisations, including being a senior leader and negotiator to the Royal Canadian Mounted Police, as well as a strategic advisor to United Nations Peace Keeping Operations. Chris Backus has extensive executive leadership background having been CEO of Weekend Unlimited Industries Inc. and leading that company to record revenues in June 2020. Rob Goehring is a serial entrepreneur with over 20 years experience founding and running private and public software and hardware companies in telecom, marketing technology, SaaS and financial services. Most recently, Rob was CEO of RewardStream. Rob was also the Chief Marketing Officer of TIO Networks and the co-founder of Contigo Systems.