Day: June 1, 2017

FOR: SEVEN GENERATIONS ENERGY LTD.
TSX SYMBOL: VII

Date issue: June 01, 2017
Time in: 5:20 PM e

Attention:

Founder Pat Carlson to retire, Marty Proctor to lead Senior Executive
Leadership Team

CALGARY, ALBERTA–(Marketwired – June 1, 2017) – The Board of Directors of
Seven Generations Energy Ltd. (TSX:VII) has approved a CEO transition plan that
will see founding Chief Executive Officer Pat Carlson retire on June 30, 2017.

Marty Proctor, President & Chief Operating Officer, will become President &
Chief Executive Officer on July 1, 2017, which reflects a succession plan that
was envisioned when Marty joined 7G in 2014. 7G’s Senior Executive Leadership
Team will be led by Marty Proctor and include fellow executives Glen
Nevokshonoff, Susan Targett and Chris Law. This Senior Executive Leadership
Team has been preparing to take over leadership of the company under the
guidance of the Board, Pat Carlson and a global corporate leadership
development firm. The team will share day-to-day oversight and the long-term
management responsibilities for 7G.

“Pat Carlson is an insightful founder who built a differentiated energy company
by starting with a blank sheet of paper ten years ago. He assembled and led a
talented and innovative team that grounded business in dedicated service to
stakeholders. Pat’s entrepreneurial vision grew Seven Generations from ideas
and concepts into a $10 billion enterprise that ranks among Canada’s top 10
producers. Through largely organic growth and during one of the longest
downturns in the oil and natural gas industry’s history, Pat’s work at Seven
Generations is an extraordinary achievement, especially in such a short period
of time,” said Kent Jespersen, Chair of 7G’s Board of Directors.

“The Board of Directors has full confidence that Marty and the other members of
the Senior Executive Leadership Team will continue Pat’s well-established
tradition of value creation through differentiated stakeholder service,”
Jespersen said.

“I am pleased to be turning over a company with leading quality resources, the
development capability to match and, most importantly, a strong focus on
serving the public. I have had the very good fortune and opportunity to build a
company and to turn it over to a team that I recruited and saw develop. The
Senior Executive Leadership Team is assembled to continue our differentiation
by pursuing long-term objectives such as expanding market access, engaging
stakeholders throughout projects and ongoing technical innovation. I have every
confidence that our senior leaders and the entire 7G team are exceedingly
capable of making Seven Generations stronger, and a better servant of the
public and shareholders,” Carlson said.

“Pat has defined a unique benchmark for how companies compete and create value
by serving people and the environment. By researching and unlocking
leading-edge technology that produces highly competitive, low-supply-cost
natural gas in an oversupplied market, then framing company culture in a Code
of Conduct that serves seven stakeholders, Pat’s progressive, distinct and
human approach to business has differentiated Seven Generations,” Proctor said.

Carlson will continue as a 7G director, chairing the Risk Management Committee
and serving on the HSE and Community Engagement Committee and the Reserves
Committee of the Board of Directors.

Seven Generations Senior Executive Leadership Team

As President & CEO, Marty, a Professional Engineer, will have a primary focus
on culture, staff development, market development and strategy. Glen
Nevokshonoff, a Professional Geoscientist, will become Chief Operating Officer,
leading day-to-day drilling, completions, production and construction
operations. Susan Targett, a Professional Landman, becomes Executive Vice
President, Corporate, continuing her focus on land, indigenous people and
community and government relations. Chris Law, MBA, continues as Chief
Financial Officer responsible for finance, treasury, corporate planning, and
information technology. Comprehensive biographical information and strategic
discussions by each of the senior executives are in three recent publications:
Annual Strategic Update – January 2017, 2016 Annual Report and Generations 2017
– posted on the 7G website home page: 7genergy.com.

Seven Generations’ Code of Conduct, or Level 1 Corporate Policy, was authored
by Pat Carlson and the founding employee team and stands as the guiding
document for the company.

Seven Generations Code of Conduct

We believe that companies have only the rights given to them by society. While
people have a natural entitlement to basic rights, corporations are an
instrument created by society to provide its needs and ought to have no
expectation of basic entitlements other than equitable rights with other
corporations, including those wholly owned by a person. We recognize that
rights, sufficient to build and operate an energy project, can be granted and
taken away by society. Over the longer term, companies can only expect to
thrive if they serve the legitimate needs of society in which they exist. To
thrive, companies must differentiate; rise above the pack, standout as being
among the best with all of their stakeholders. At Seven Generations Energy
Ltd., we acknowledge this granted entitlement and accept from our stakeholders
a duty to thrive and an understanding of the need to differentiate.
Specifically, in acceptance of this challenge to differentiate with all
stakeholders, we acknowledge:

/T/

— The need of society for us to conduct our business in a way that

protects the natural beauty of the environment and preserves the
capacity of the earth to meet the needs of present and future
generations;
— The need of Canada and Alberta for us to obey all regulations and to
proactively assist with the formulation of new policy that enables our
company and our industry to better serve society;
— The need of the communities where we operate to be engaged in the
planning of our projects and to participate in the benefits arising from
them as they are built and operated;
— The need of our business partners and infrastructure customers to be
treated fairly and attentively;
— The need of our suppliers and service providers to be treated fairly and
paid promptly for equipment and services provided to us and to receive
feedback from us that can help them to be competitive and thrive in
their businesses;
— The need of our employees to be compensated fairly and provided a safe,
healthy and happy work environment including a healthy work life –
outside life balance; and
— The need of our shareholders and capital providers to have their
investment managed responsibly and ethically and to earn strong returns.

/T/

We see ourselves as being in the service business, serving the needs of our
stakeholders. We seek satisfaction for all stakeholders. Differentiation is
imperative. We support an open and competitive business environment,
recognizing in the competitive world that we envision, only those who best
serve their stakeholders can expect the support required to survive for the
longer term.

Seven Generations Energy

Seven Generations is a low-cost, high-growth Canadian natural gas developer
generating long-life value from its liquids-rich Kakwa River Project, located
about 100 kilometres south of its operations headquarters in Grande Prairie,
Alberta. 7G’s corporate headquarters are in Calgary and its shares trade on the
TSX under the symbol VII.

Seven Generations Energy Ltd. is also referred to herein as Seven Generations,
Seven Generations Energy, 7G and the company.

– END RELEASE – 01/06/2017

For further information:
Investor Relations
Chris Law, Chief Financial Officer
Brian Newmarch, Vice President, Capital Markets
403-718-0752
investors@7genergy.com
OR
Media Relations
Alan Boras
Director, Communications and Stakeholder Relations
403-767-0772
aboras@7genergy.com
OR
Seven Generations Energy Ltd.
Suite 4400, 525 – 8th Avenue SW
Calgary, AB T2P 1G1
www.7genergy.com

COMPANY:
FOR: SEVEN GENERATIONS ENERGY LTD.
TSX SYMBOL: VII

INDUSTRY: Energy and Utilities – Oil and Gas
RELEASE ID: 20170601CC0120

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

FOR: JUST ENERGY GROUP INC.NYSE SYMBOL: JETSX SYMBOL: JEDate issue: June 01, 2017Time in: 8:00 AM eAttention:
TORONTO, ONTARIO–(Marketwired – June 1, 2017) – Just Energy Group Inc. (“Just
Energy”) (NYSE:JE)(TSX:JE) filed notice with the Toronto Stock…

FOR: CLEARSTREAM ENERGY SERVICES INC.
TSX SYMBOL: CSM

Date issue: June 01, 2017
Time in: 7:45 AM e

Attention:

CALGARY, ALBERTA–(Marketwired – June 1, 2017) – ClearStream Energy Services
Inc. (“ClearStream”) (TSX:CSM) is pleased to announce the renewal of a five
year operational workforce management contract with a major oilsands producer
in the Fort McMurray region. This contract is expected to generate
approximately $240 million of revenue over the five-year term of the contract.

ClearStream’s continued commitment to customer service and focus on safety,
quality and operational execution all contributed to the successful renewal of
this operational workforce management contract. When combined with
ClearStream’s existing Fort McMurray operations and customer contracts, this
renewal is expected to strengthen ClearStream’s position as a business leader
in the Fort McMurray region for years to come.

About ClearStream Energy Services Inc.

ClearStream provides maintenance and turnarounds, facilities construction,
welding and fabrication, and transportation services to customers across
Western Canada. For more information about ClearStream, please visit
www.clearstreamenergy.ca.

Forward Looking Statement

Certain information included in this presentation may constitute
forward-looking information within the meaning of securities laws. In some
cases, forward-looking information can be identified by terminology such as
“may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”,
“predict”, “potential”, “continue” or the negative of these terms or other
similar expressions concerning matters that are not historical facts.
Forward-looking information in this press release includes the expected benefit
to be derived from ClearStream from the renewal of the contract and
ClearStream’s operations and position as a business leader in the Fort McMurray
region. Such forward-looking information reflects management’s current beliefs
and is based on information currently available to management of ClearStream.

Forward-looking information involves significant risks and uncertainties. A
number of factors could cause actual events or results to differ materially
from the events and results discussed in the forward-looking information
including risks related to Clearstream’s ability to fulfill its obligations
under the contract, conditions of capital markets, economic conditions,
dependence on key personnel, limited customer bases, interest rates, regulatory
change, ability to meet working capital requirements and capital expenditures
needs, factors relating to the weather and availability of labour. These
factors should not be considered exhaustive. Risks and uncertainties about
ClearStream’s business are more fully discussed in ClearStream’s disclosure
materials, including its annual information form and MD&A, filed with the
securities regulatory authorities in Canada and available at www.sedar.com. In
formulating forward-looking information herein, management has assumed that
business and economic conditions affecting ClearStream will continue
substantially in the ordinary course, including without limitation with respect
to general levels of economic activity, regulations, taxes and interest rates.

Although the forward-looking information is based on what management of
ClearStream consider to be reasonable assumptions based on information
currently available to it, there can be no assurance that actual events or
results will be consistent with this forward-looking information, and
management’s assumptions may prove to be incorrect.

This forward-looking information is made as of the date of this release, and
ClearStream does not assume any obligation to update or revise it to reflect
new events or circumstances except as required by law. Undue reliance should
not be placed on forward-looking information. Forward-looking statements are
provided for the purpose of providing information about management’s current
expectations and plans relating to the future. Readers are cautioned that such
information may not be appropriate for other purposes.

– END RELEASE – 01/06/2017

For further information:
John W. Cooper
President and Chief Executive Officer
ClearStream Energy Services Inc.
587-318-1001
jcooper@clearstreamenergy.ca
OR
Gary Summach
Chief Financial Officer
ClearStream Energy Services Inc.
587-318-1003
gsummach@clearstreamenergy.ca

COMPANY:
FOR: CLEARSTREAM ENERGY SERVICES INC.
TSX SYMBOL: CSM

INDUSTRY: Financial Services – Personal Finance, Financial Services
– Venture Capital
RELEASE ID: 20170601CC0030

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization
issuing the release, not to The Canadian Press.

FOR: CANADIAN WESTERN BANKTSX SYMBOL: CWBDate issue: June 01, 2017Time in: 7:00 AM eAttention:
Positive loan growth and strong growth of relationship-based branch-raised
deposits
Higher net interest margin compared to last year and last quarter
Adjust…

The financial results for each of the last eight quarters are summarized above.
In general, CWB’s performance reflects a relatively consistent trend, although
the second quarter contains three fewer revenue-earning days in non-leap years,
and two fewer days in leap years such as 2016. Common shareholders’ net income
in the second quarter of 2016 reflects the impact of the credit performance of
oil and gas production loans. Results of Discontinued and Combined Operations
for the third quarter of fiscal 2015 include divestiture gains.

For additional details on variations between the prior quarters, refer to the
summary of quarterly results section of CWB’s MD&A for the year ended October
31, 2016 and the individual quarterly reports to shareholders which are
available on SEDAR at www.sedar.com and on CWB’s website at www.cwb.com.

Taxable Equivalent Basis (teb)

Most banks analyze revenue on a taxable equivalent basis to permit uniform
measurement and comparison of net interest income. Net interest income (as
presented in the Consolidated Statement of Income) includes tax-exempt income
on certain securities. Since this income is not taxable, the rate of interest
or dividends received is significantly lower than would apply to a loan or
security of the same amount. The adjustment to taxable equivalent basis
increases interest income and the provision for income taxes to what they would
have been had the tax-exempt securities been taxed at the statutory rate. The
taxable equivalent basis does not have a standardized meaning prescribed by
IFRS and, therefore, may not be comparable to similar measures presented by
other financial institutions. Total revenues, net interest income and income
taxes are discussed on a taxable equivalent basis throughout this quarterly
report to shareholders.

Non-IFRS Measures

CWB uses a number of financial measures to assess its performance. These
measures provide readers with an enhanced understanding of how management views
the results. Non-IFRS measures may also provide readers the ability to analyze
trends and provide comparisons with our competitors. Taxable equivalent basis,
adjusted cash earnings per common share, return on common shareholders’ equity,
adjusted return on common shareholders’ equity, return on assets, efficiency
ratio, net interest margin, common equity Tier 1, Tier 1 and total capital
adequacy ratios, and average balances do not have standardized meanings
prescribed by IFRS and therefore may not be comparable to similar measures
presented by other financial institutions. The non-IFRS measures used in this
MD&A are calculated as follows:

/T/

— taxable equivalent basis – described above;
— pre-tax, pre-provision income – total revenue (teb) less non-interest

expenses, excluding the pre-tax amortization of acquisition-related
intangible assets (see calculation below);
— adjusted cash earnings per common share – diluted earnings per common
share excluding the acquisition-related amortization of intangible
assets and contingent consideration fair value changes, net of tax (see
calculation below). Excluded items are not considered to be indicative
of ongoing business performance;
— return on common shareholders’ equity – annualized common shareholders’
net income divided by average common shareholders’ equity;
— adjusted return on common shareholders’ equity – annualized common
shareholders’ net income excluding the acquisition-related amortization
of intangible assets and contingent consideration fair value changes,
net of tax (see calculation below), divided by average common
shareholders’ equity;
— return on assets – annualized common shareholders’ net income divided by
average total assets;
— efficiency ratio – non-interest expenses, excluding the pre-tax
amortization of acquisition-related intangible assets, divided by total
revenues, (see calculation below);
— net interest margin – net interest income divided by average total
assets;
— operating leverage – total revenue (teb) growth less growth of non-
interest expenses, excluding the pre-tax amortization of acquisition-
related intangible assets;
— common share dividend payout ratio – common share dividends declared
during the past twelve months divided by common shareholders’ net income
earned over the same period;
— Basel III common equity Tier 1, Tier 1, Total capital, and leverage
ratios – in accordance with guidelines issued by OSFI; and
— average balances – average daily balances.

Adjusted Financial
Measures

For the three months ended
—————————————-
Change from
April 30 January 31 April 30 April 30 2016
(unaudited) 2017 2017 2016

($ thousands)
—————————————————————————-
Non-interest
expenses $ 84,139 $ 82,815 $ 78,461 7%
Adjustments (before
tax):
Amortization of
acquisition-
related
intangible assets (1,899) (1,852) (1,605) 18
—————————————————————————-
Adjusted non-
interest expenses $ 82,240 $ 80,963 $ 76,856 7%
—————————————————————————-

Common
shareholders’ net
income $ 47,594 $ 49,542 $ 32,213 48%
Adjustments (after-
tax)
Amortization of
acquisition-
related
intangible assets 1,399 1,364 1,182 18
Contingent
consideration
fair value change 3,392 3,184 – 100
—————————————————————————-
Adjusted common
shareholders’ net
income $ 52,385 $ 54,090 $ 33,395 57%
—————————————————————————-

Adjusted Financial
Measures

For the six months ended
————————–
Change from
April 30 April 30April 30 2016
(unaudited) 2017 2016

($ thousands)
—————————————————————————-
Non-interest
expenses $ 166,954 $ 154,014 8%
Adjustments (before
tax):
Amortization of
acquisition-
related
intangible assets (3,751) (2,783) 35
—————————————————————————-
Adjusted non-
interest expenses $ 163,203 $ 151,231 8%
—————————————————————————-

Common
shareholders’ net
income $ 97,136 $ 84,345 15%
Adjustments (after-
tax)
Amortization of
acquisition-
related
intangible assets 2,763 2,051 35
Contingent
consideration
fair value change 6,576 – 100
—————————————————————————-
Adjusted common
shareholders’ net
income $ 106,475 $ 86,396 23%
—————————————————————————-

/T/

Pre-tax, pre-provision (PTPP) income

/T/

For the three months ended
——————————————
(unaudited) January 31 April 30 Change from
April 30 2017 2017 2016 April 30 2016

($ thousands)
—————————————————————————-
Total revenue (teb)$ 173,026 $ 175,843 $ 164,484 5%
Less:
Adjusted non-
interest
expenses 82,240 80,963 76,856 7
—————————————————————————-
Pre-tax, pre-
provision income $ 90,786 $ 94,880 $ 87,628 4%
—————————————————————————-

For the six months ended
—————————-
(unaudited) April 30 April 30 Change from
2017 2016 April 30 2016

($ thousands)
—————————————————————————-
Total revenue (teb) $ 348,869 $ 323,217 8%
Less:
Adjusted non-
interest
expenses 163,203 151,231 8
—————————————————————————-
Pre-tax, pre-
provision income 185,666 $ 171,986 8%
—————————————————————————-

Consolidated
Balance Sheets

As at As at As at As at Change
(unaudited) April 30 January 31 October 31 April 30 from April
($ thousands) 2017 2017 2016 2016 30 2016
—————————————————————————-
Assets
Cash Resources
Cash and non-
interest
bearing
deposits with
financial
institutions $ 67,963 $ 46,778 $ 11,490 $ 6,271 nm%
Interest
bearing
deposits with
regulated
financial
institutions
(Note 3) 722,075 403,925 890,516 169,997 325
Cheques and
other items in
transit 15,708 – 18,050 19,844 (21)
—————————————————————————-
805,746 450,703 920,056 196,112 311
—————————————————————————-
Securities
(Note 3)
Issued or
guaranteed by
Canada 725,527 1,330,814 1,142,798 1,522,143 (52)
Issued or
guaranteed by
a province or
municipality 173,268 349,646 291,947 360,837 (52)
Other debt
securities 88,614 275,628 154,648 173,040 (49)
Preferred
shares 141,925 144,921 119,201 131,437 8
—————————————————————————-
1,129,334 2,101,009 1,708,594 2,187,457 (48)
—————————————————————————-
Securities
Purchased
Under Resale
Agreements – – 163,318 142,915 (100)
—————————————————————————-

Loans (Notes 4
and 6)
Personal 4,475,620 4,177,551 4,063,552 3,699,902 21
Business 17,852,517 17,705,173 18,001,584 17,675,776 1
—————————————————————————-
22,328,137 21,882,724 22,065,136 21,375,678 4
Allowance for
credit losses
(Note 5) (112,947) (109,275) (103,788) (127,673) (12)
—————————————————————————-
22,215,190 21,773,449 21,961,348 21,248,005 5
—————————————————————————-
Other
Property and
equipment 56,131 56,557 57,330 59,053 (5)
Goodwill 85,669 85,669 84,762 84,488 1
Intangible
assets 149,134 148,901 149,312 143,580 4
Derivative
related (Note
8) 5,437 8,456 10,370 28,308 (81)
Other assets 170,927 189,934 167,459 146,983 16
—————————————————————————-
467,298 489,517 469,233 462,412 1
—————————————————————————-
Total Assets $24,617,568 $24,814,678 $25,222,549 $24,236,901 2%
—————————————————————————-

Liabilities and
Equity
Deposits
Personal $12,694,328 $13,096,585 $13,223,702 $12,463,248 2%
Business and
government 7,779,411 7,586,775 7,970,851 7,877,677 (1)
—————————————————————————-
20,473,739 20,683,360 21,194,553 20,340,925 1
—————————————————————————-
Other
Cheques and
other items in
transit 54,192 49,444 27,683 122,309 (56)
Securities sold
under
repurchase
agreements
(Note 7) 102,553 108,480 – 99,003 4
Derivative
related (Note
8) 9,470 13,243 7,172 7,757 22
Other
liabilities 401,228 363,029 382,130 338,938 18
—————————————————————————-
567,443 534,196 416,985 568,007 –
—————————————————————————-
Debt
Debt securities
(Note 7) 917,217 909,050 943,198 885,202 4
Subordinated
debentures 250,000 325,000 325,000 325,000 (23)
—————————————————————————-
1,167,217 1,234,050 1,268,198 1,210,202 (4)
—————————————————————————-
Equity
Preferred
shares (Note
10) 265,000 265,000 265,000 265,000 –
Common shares
(Note 10) 725,912 724,252 718,377 565,927 28
Retained
earnings 1,413,324 1,384,221 1,354,966 1,305,522 8
Share-based
payment
reserve 26,878 26,932 31,276 30,014 (10)
Other reserves (23,050) (37,747) (27,579) (49,054) (53)
—————————————————————————-
Total
Shareholders’
Equity 2,408,064 2,362,658 2,342,040 2,117,409 14
Non-controlling
interests 1,105 414 773 358 209
—————————————————————————-
Total Equity 2,409,169 2,363,072 2,342,813 2,117,767 14
—————————————————————————-
Total
Liabilities
and Equity $24,617,568 $24,814,678 $25,222,549 $24,236,901 2%
—————————————————————————-

/T/

FOR: ONESOFT SOLUTIONS INC.
TSX VENTURE SYMBOL: OSS

Date issue: June 01, 2017
Time in: 7:00 AM e

Attention:

EDMONTON, ALBERTA–(Marketwired – June 1, 2017) – OneSoft Solutions Inc. (the
“Company” or “OSS”) (TSX VENTURE:OSS)(OTCQB:OSSIF), a North American developer
of cloud-based software solutions provides a business update and announces its
financial results for the fourth quarter and year ended February 28, 2017.
Please refer to the Audited Consolidated Financial Statements and Management’s
Discussion and Analysis (“MD&A”) filed on SEDAR for more information.

VISION, STRATEGY AND BUSINESS UPDATE

OneSoft’s vision, through its wholly owned subsidiary, OneBridge Solutions Inc.
(“OneBridge”), is to replace legacy, desk top software applications that are
historically cumbersome to deploy and costly to operate, to a more cost
efficient software as a service (“SaaS”) business model utilizing cutting edge
new technologies that operate on Microsoft’s Cloud platform and services. We
believe that our proprietary Machine Learning algorithms provide significantly
greater capability and functionality, and may represent a higher value
proposition for oil and gas pipeline operators than legacy desktop systems that
currently serve the industry provide today.

We believe our solutions may assist the pipeline operator to predict pipeline
failures and thereby save lives, protect the environment, reduce operational
costs and address regulatory compliance requirements. OneBridge utilizes a
single geo-spatial database that accommodates pipe-centric, structured and
unstructured big data, with capability to address the key functions that
pipeline companies require to manage, operate and maintain their pipeline
assets. OneBridge’s products are: Cognitive Integrity Management (“CIM”); and
Safety Management Systems and Compliance Analytics (“SMS/CA”); all of which
will be deployed as SaaS solutions that leverage Data Science, Azure Machine
Learning, HoloLens, Microsoft BI and other components of the Microsoft Cloud
platform and services.

OneSoft’s technology strategy is closely aligned with Microsoft, as OneSoft’s
management (“Management”) believes Microsoft’s Cloud platform will be the
global cloud platform of choice for business customers in the future. OneSoft
has incorporated components of Microsoft’s cloud technology and services into
its CIM products to create what we believe is cutting-edge software. We use
Machine Learning (“ML”), a form of artificial computing intelligence to analyze
the vast quantities of data (“big data”) recorded in inline inspection data
sets created by pipeline inspection gauges (“pigs”) inspecting hazardous oil
and gas pipelines during the past two decades. Our plan is to continue to
develop and enhance our proprietary ML algorithms to have the capability to
assess other data sets that might correlate with pipeline deterioration such as
pipe coating failure, soil types, seismic, moisture and other environmental
information to determine the patterns that contribute to the deterioration and
ultimate failure of hazardous pipelines. We anticipate that we will continue to
evolve our solution in accordance with our technology roadmap which
incorporates our pipeline data management expertise, certain components of
Microsoft’s cloud platform and services, and customer input and feedback
regarding product features and functionality they desire to manage their
pipeline assets as smart infrastructure.

Our proprietary ML algorithms are key and unique intellectual properties (“IP”)
embodied in our software solutions and they continued to be enhanced and
optimized following the commercial release of CIM to the marketplace in January
2017. Our product development efforts were supplemented through a collaborative
working arrangement with a Canadian University who assigned two of its
engineering Ph.D. candidates to research, develop and improve algorithms for
our IP, under our direction. The University received funding grants from the
Natural Sciences and Engineering Research Council of Canada and from Microsoft
for this project, which commenced November 1, 2016 and continued through April
30, 2017. We also worked with a professor and his Ph.D. student candidate from
a U.S. University during the year to progress our algorithms. These projects
have been helpful to us and OneBridge will retain full and sole ownership or
access to the intellectual property developed in these programs. During the
year, we also addressed numerous requests made by our private preview customers
and added new functionality and capability to our software solution.

The Company is now transitioning from its R&D phase, during which time only
limited revenue associated with early adopter use of our solutions was earned,
to a revenue generation phase which we anticipate will accelerate revenues as
we attract and engage new customers. Please refer to the Management Discussion
and Analysis report (MD&A) for more details in this regard.

Marketing and sales initiatives for CIM commenced following the commercial
release of the CIM solution in January 2017. This followed a four-month
technology development sprint during the first half of calendar 2016 wherein we
worked collaboratively with Microsoft teams in their first Accelerator program
for Machine Learning and big data, and subsequently an extensive private
preview program with two US-based pipeline operators which took place during
the second half of calendar 2016. We believe that the value proposition of the
OneBridge solutions is well understood by these private preview customers, and
expect that the support and assistance we gained in the last year to engage new
customers during our next fiscal year will continue.

Our CIM and HoloLens solutions were demonstrated to an international audience
of industry attendees at the annual Pipeline Pigging and Integrity Management
tradeshow (“PPIM”) held this year in Houston, Texas between February 27 and
March 3, 2017. On March 29, 2017, OneBridge presented its solutions at a
Pipeline Asset Management Workshop hosted by Microsoft at their Technology
Center in Houston, which was attended by senior managers from approximately 30
companies who are responsible for pipeline integrity roles including
engineering, integrity management, maintenance, data science, analytics and
information technologies. OneBridge had a trade booth at the Banff 2017
Pipeline Workshop held at the Banff Centre from April 3-6, 2017, which was
attended by more than 850 participants which focused on various aspect of the
oil and gas pipeline industry including regulatory and standards development;
inspection; corrosion; integrity, risk and asset management; geohazards and
emergency preparedness and response. Microsoft sales teams worked
collaboratively with OneBridge by donating computer hardware, personnel and
other resources which assisted our presence at these venues.

We are encouraged by the input and feedback received from numerous potential
customers who had the opportunity to investigate our solutions, and we are now
actively engaged in follow-up discussions and actions with potential new
customers. Our two main challenges appear to be (1) long sales cycles which we
anticipate will be six months or more; and (2) the pervasive reluctance and
skepticism to embrace a new automated solution to replace legacy practices. Our
sales process has generally involved senior executives of the prospective
customers, as our solutions operate much differently than the status quo
processes and products that serve the industry today. We have found that
numerous successive meetings are required with prospective customers to analyze
the benefits of cloud versus desk-top systems and to determine, articulate,
educate and fully communicate the higher value proposition that OneBridge
solutions can provide over legacy systems.

To address these sales challenges, OneBridge has created a Pilot Project
program which we anticipate will encourage new customers to engage the use of
CIM on a trial basis. The Pilot Project program is designed to operate as a
“fast succeed/fast fail” initiative, wherein potential customers will provide
data for a small portion of their pipeline, and within a week or two have it
analyzed and reported on by the CIM solution so prospects can understand and
experience the value proposition of using CIM first-hand. The Pilot Projects
will be revenue generating for OneBridge and their pricing is expected to be
within the financial authorization levels of integrity management personnel,
thus alleviating the need for multi-level approval which lengthens sales
cycles. We believe the value of using CIM, once it can be applied to, and
demonstrated with a customer’s specific data, will be seen as highly compelling
leading to quicker purchase of full subscriptions to use the product.

Exposition of the OneBridge solutions at the three conference venues attracted
interest from certain industry vendors who currently provide services based on
legacy solutions to their customers. We are following up with several of these
to explore alternatives such as joint sales projects, third party licensing
arrangements or other means to enable them to utilize OneBridge solutions as
part of the services they provide to their customers.

We believe once key industry participants who have embraced our solution share
their experience with their industry peers at industry gatherings, work-shops
and conventions, our CIM solution will gain traction as a compelling
alternative to the on-premise desktop solutions that serve the industry today.

In the year, the Company also completed several small public awareness
consulting contracts with new pipeline customers and also completed a large
Public Awareness contract to identify and mail safety brochures to all the
structures in the buffer zone of a pipeline. These Public Awareness contracts
and related revenue will not repeat in the next fiscal year as we have elected
to postpone further evolution of our SMS/CA software products during the next
few quarters in order to devote full operational focus to our CIM solution.

We believe that the combination of (i) OneSoft’s alignment with Microsoft cloud
deployment strategies; (ii) our deep domain expertise with respect to the
pipeline industry and development expertise regarding cloud computing; (iii)
the high degree of interest and motivation of oil and gas pipeline customers to
improve their safety practices; and (iv) the need for hazardous pipeline
operators to comply with increasingly stringent operational, safety and
regulatory requirements have potentially positioned the Company for significant
future growth and opportunity. We believe that our solutions are ideally poised
to provide comprehensive, cost-effective functionality and capability that
legacy desk-top systems are not able to replicate, and that our solutions are
sufficiently revolutionary to be disruptive to legacy systems typically used in
the industry today.

Our corporate development strategy continues to encompass pursuit of
initiatives that support value creation for our shareholders, potentially
including joint ventures and M&A scenarios that are synergistic and supportive
of our objectives.

Q4 AND FISCAL YEAR FINANCIAL HIGHLIGHTS

Financial results are summarized as follows:

/T/

—————————————————————————-
(in $,000)’s,
per share in $ Three months ended February Year ended February
————————————————————
Increase / Increase /
2017 2016 (Decrease) 2017 2016 (Decrease)
—————————————————————————-
Continuing
Operations $ $ % $ $ %
————————————————————

—————————————————————————-
Revenue 243 142 71.1 571 405 41.0
—————————————————————————-
Net loss (655) (321) 104.2 (1,642) (2,240) (26.7)
—————————————————————————-
Discontinued
operations:
—————————————————————————-
Net (loss)
income (66) 1 (6,762.9) 178 (91) 296.0
—————————————————————————-
Consolidated net
loss (721) (320) 125.5 (1,464) (2,331) (37.2)
—————————————————————————-
Weighted average
common shares
outstanding –
basic and fully
diluted (OOO)’s 66,726 47,074 65,426 40,553
—————————————————————————-
Per share:
—————————————————————————-
Continuing
operations –
loss (0.01) (0.01) – (0.03) (0.06) (50.0)
—————————————————————————-
Discontinued
operations –
income – – – – – –
—————————————————————————-
Consolidated net
loss (0.01) (0.01) – (0.03) (0.06) (50.0)
—————————————————————————-

/T/

Revenue for the quarter and the year increased from the comparable prior
periods based on Management’s decision to focus on oil and gas pipeline
software in the current year, the precursor of which was the selling of the
OneNFP accounting software product line in the prior fiscal year. This new
focus also resulted in higher gross profit of $450,230 for the current year and
$159,965 for the current quarter (compared to $38,170 and $3,039 in the prior
comparable periods). The reduction of $722,935 in the consolidated net loss for
the current year compared to the previous year was a result of the increase in
gross profit, capitalization of software development costs of $965,944 and
settlement of the Sylogist litigation as noted below offset by an increase of
$553,043 in operating expenses, expense of $178,379 revaluing contingently
issuable shares and a net reduction of $125,242 in net income tax recovery. In
Q4 of this fiscal year, the Company recorded $463,978 in non-cash expenses
including $209,388 in stock-based compensation, $129,100 in impairment charges
relating to two intangible products, $82,571 in amortization and depreciation
and $42,919 to increase the value of contingently issued shares. The
consolidated net loss for the quarter was $720,695 versus $319,592 for the
comparable quarter last year.

During Fiscal Q4 this year, certain warrant holders exercised 907,000 warrants
to generate cash proceeds of $93,552. Subsequent to the fiscal year end, on
March 6, 2017, certain insiders sold some of their shares and used a portion of
the sale proceeds to exercise warrants to replace the shares sold, which raised
$1,822,389 for the Company without incurring the further dilution that a new
private placement would have caused. These funds and anticipated cash from
operations is felt sufficient to allow the Company to execute its business plan
as envisioned for fiscal 2018.

On October 21, 2016, the Company and Sylogist Limited finalized a settlement
agreement whereby all matters associated with OneSoft’s statement of claim
against Sylogist, and Sylogist’s counterclaims against OneSoft, its
subsidiaries and its senior executives and directors were resolved, without
admission of liability by either side. The agreement is a compromise of the
disputed claims and all actions have been discontinued on a without costs
basis. OneSoft received $244,306 in cash and forgiveness of unpaid accrued
royalties of $88,269 as part of the settlement terms. Terms of the settlement,
except for those which relate to financial disclosure to meet regulatory
compliance requirements, are confidential.

On March 31, 2016, the Company announced the closing of an over-subscription to
its non-brokered private placement of 3,333,333 units at a price of $0.075 per
Unit for gross proceeds of $250,000. Each unit sold was comprised of one common
share and one Common Share purchase warrant. Each warrant entitles the holder
to purchase one additional Common Share at a price of $0.15 per Common Share
for a period of twenty-four months following the date of closing. After four
months and one day following the closing date, the Company will have the right
to accelerate the expiry date of the Warrants if the closing price of the
Company’s common shares is equal to or exceeds $0.50 for twenty consecutive
trading days. The Company raised a total of $1,250,000 under the Private
Placement, including the initial subscriptions of 13,333,333 Units, with the
same terms, for gross proceeds of $1,000,000 which closed on February 25, 2016.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have
capability to transition legacy, on premise licensed software applications to
operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online,
Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy
is to seek opportunities to convert legacy business software applications that
are historically cumbersome to deploy and costly to operate, to a more cost
efficient subscription based business model utilizing the Microsoft Cloud
platform and services, with accessibility through any internet capable device.
Visit www.onesoft.ca for more information.

About OneBridge Solutions Inc.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., is developing
revolutionary new applications for the Oil & Gas pipeline industry, which we
believe may allow the pipeline operator to predict pipeline failures and
thereby save lives, protect the environment, reduce operational costs and
address regulatory compliance requirements. OneBridge utilizes a single
geo-spatial database that accommodates pipe-centric, structured and
unstructured big data, with capability to address the key functions that
pipeline companies require to manage, operate and maintain their pipelines.
OneBridge solutions are designed to address two key areas of functionality –
Cognitive Integrity Management (“CIM”) and Safety Management Systems and
Compliance Analytics (“SMS/CA”) solutions, all of which will be deployed as
SaaS solutions that leverage Data Science, Azure Machine Learning, HoloLens,
Microsoft BI and other components of the Microsoft Cloud platform and services.
Visit www.onebridgesolutions.com for more information.

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson, Chair

Forward-looking Statements

This news release contains forward-looking statements relating to the future
operations and profitability of the Company and other statements that are not
historical facts. Forward-looking statements are often identified by terms such
as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”,
“plans” and similar expressions. Any statements that are contained in this news
release that are not statements of historical fact may be deemed to be
forward-looking statements. Such forward-looking information is provided for
the purpose of providing information about management’s current expectations
and plans relating to the future. Investors are cautioned that reliance on such
information may not be appropriate for other purposes, such as making
investment decisions.

In respect of the forward-looking information and statements the Company has
placed reliance on certain assumptions that it believes are reasonable at this
time, including expectations and assumptions concerning, among other things:
interest and foreign exchange rates; planned synergies, capital efficiencies
and cost-savings; applicable tax laws; the sufficiency of budgeted capital
expenditures in carrying out planned activities; the availability and cost of
labour and services; the success of growth projects; future operating costs;
that counterparties to material agreements will continue to perform in a timely
manner; that there are no unforeseen events preventing the performance of
contracts; and that there are no unforeseen material development or other costs
related to current growth projects or current operations. Accordingly, readers
should not place undue reliance on the forward-looking information contained in
this press release. Since forward-looking information addresses future events
and conditions, such information by its very nature involves inherent risks and
uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to the risks associated with the industries in which the Company
operates in general such as: costs and expenses; interest rate and exchange
rate fluctuations; competition; ability to access sufficient capital from
internal and external sources; and changes in legislation, including but not
limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive.
Forward-looking statements contained in this news release are expressly
qualified by this cautionary statement. The forward-looking statements
contained in this news release are made as of the date of this news release,
and the Company undertakes no obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly required by
Canadian securities law.

The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.

– END RELEASE – 01/06/2017

For further information:
OneSoft Solutions Inc.
Dwayne Kushniruk
CEO
(780) 437-4950
dkushniruk@onesoft.ca
www.onesoft.ca

COMPANY:
FOR: ONESOFT SOLUTIONS INC.
TSX VENTURE SYMBOL: OSS

INDUSTRY: Computers and Software – Software
RELEASE ID: 20170601CC0029

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