Targeted Microwave Solutions Receives Conditional Approval For TSX Venture Listing

Vancouver, British Columbia – May 9, 2016 – Targeted Microwave Solutions Inc. (CSE: TMS; OTCQX: TGTMF) (“TMS” or the “Company”) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSX-V“) for the listing of its common shares on the TSX-V subject to the completion of customary requirements of the TSX-V, including receipt of all required documentation. Once final approval is received, the common shares of TMS will commence trading on the TSX-V and be delisted from the Canadian Securities Exchange (“CSE“). Upon listing on the TSX-V, it is expected that TMS’s common shares will continue to trade under the symbol “TMS”.

Chairman of the Board of Directors, Dr. James Young, remarked: “This is another significant milestone in the development of our Company. We see the TSX Venture Exchange as one of the world’s leading public venture markets for early-stage companies like ours, accelerating our ability to execute our business plan. We’ve recently conducted successful continuous trials of our proprietary microwave technology, and are excited to continue developing our technology with a view towards commercialization. We also anticipate that our listing on the TSX Venture Exchange will help us add additional value for our shareholders and increase our access to capital markets.”

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

For further information, please contact:

Targeted Microwave Solutions Inc.
Telephone: (778) 995 5833
office@tmsenergy.com

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 timing and completion of listing of TMS’s common shares on the TSX-V, including the timing and receipt of TSX-V and/or other regulatory approvals; the benefits of and development and commercialization, if at all, of TMS’s proprietary technology; the anticipated timing of commercialization of TMS’s 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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