VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2016) - Kobex Capital Corp. (TSX VENTURE:KXM) (the "Company" or "Kobex") announced today that it has filed an Offer to Purchase and Issuer Bid Circular dated April 29, 2016 and related documents and is mailing such documents to the shareholders of Kobex ("Kobex Shareholders") in connection with its previously announced substantial issuer bid to purchase for cash and cancellation up to 40,809,178 common shares of Kobex (the "Kobex Shares"), which number represents 85% of the issued and outstanding 45,481,387 Kobex Shares and 2,150,000 vested and in-the-money options to acquire Kobex Shares at a price of $0.655 per Kobex Share (the "Offer"). The Offer will expire at 5:00 p.m. (Toronto time) on June 6, 2016, unless withdrawn, extended or varied by Kobex.

Haywood Securities Inc. ("Haywood Securities") has been engaged by the board of directors of Kobex (the "Board") to prepare a formal valuation (the "Formal Valuation") as prescribed under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Formal Valuation concludes that, based on and subject to the assumptions and limitations stated therein, as of April 26, 2016, the fair market value for the Kobex Shares was in the range of $0.501 to $0.731 per share. A copy of the Formal Valuation is attached to the Issuer Bid Circular.

Kobex has appointed Computershare Trust Company of Canada as the depositary for the Offer. Kobex Shareholders may contact Computershare toll free at 1-800-564-6253 or by e-mail at corporateactions@computershare.com for information regarding the Offer.

The Offer to Purchase and Issuer Bid Circular and related documents are available under Kobex's profile on SEDAR at www.sedar.com.

In addition, the Company announced that it has filed and is mailing a management information circular dated April 29, 2016 and related materials (the "Meeting Materials") in connection with the annual general and special meeting of the Kobex Shareholders scheduled to be held in Toronto, Ontario at 1:00 p.m. (Toronto time) on Thursday, June 9, 2016 (the "Meeting").

The Meeting Materials are available under Kobex's profile on SEDAR at www.sedar.com.

This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Kobex Shares. The solicitation and the offer to buy Kobex Shares are being made only pursuant to the Offer to Purchase and Issuer Bid Circular and related documents. Kobex Shareholders should carefully read the Offer to Purchase and Issuer Bid Circular, the related letter of transmittal and other related documents because they contain important information, including the various terms and conditions of the Offer.

Kobex Shareholders are urged to read the materials pertaining to the Offer and the Meeting Materials carefully prior to making any decision with respect to the Offer and matters to be considered at the Meeting.

Forward-Looking Statements

Certain statements contained in this news release may constitute forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any anticipated results, performance or achievements expressed or implied by such forward-looking statements. The use of any of the words "anticipate", "continue", "expect", "may", "will", "would", "project", "should", "believe", "plan" and "intends" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements may relate to Kobex's management's expectations, estimates and analysis with respect to its business strategy.

Forward-looking statements are based on certain factors and assumptions and there can be no assurance that these assumptions will prove to be correct. Readers are cautioned that forward-looking statements included in this news release are not guarantees of future performance, and are also cautioned not to place undue reliance on forward-looking statements which involve known and unknown material risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements expressed or implied in such forward-looking statements. These statements speak only as of the date of this news release. Kobex undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law.

All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the anticipated results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Kobex.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.