Update on Financing and Correction to Q2 News Release

VANCOUVER, BC--(Marketwired - May 31, 2016) - Nanotech Security Corp. (TSX VENTURE: NTS) (OTCQX: NTSFF), advises the news release issued earlier today on the Company's second quarter fiscal 2016 results referred to the completion of a $3.0 million secured credit facility in its financial highlights when it should have stated the Company is privately placing $2.5 million of unsecured senior debentures, as previously announced. The private placement is expected to be fully subscribed and is anticipated to complete within the next couple of weeks.

Additional information about Nanotech can be found at the Company's website www.nanosecurity.ca, the Canadian disclosure filings website www.sedar.com or the OTCMarkets disclosure filings website www.otcmarkets.com.

Neither the 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 release.