Market Overview

Bioasis Announces Stock Option Grants

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BIOASIS
TECHNOLOGIES INC
. (OTCQB:BIOAF, TSX.V:BTI)), a biopharmaceutical
company developing its xB3 TM proprietary platform technology
for the delivery of therapeutics across the blood-brain barrier (BBB)
and the treatment of CNS disorders in areas of high unmet medical need,
including brain cancers and neurodegenerative diseases, today announced
that it has granted stock options to acquire a total of 1,020,000 common
shares at a price of $0.47 per share to directors of the company. These
options vest over a period of 12 months from the date of the grant,
expire five years from the date of the grant and are governed by the
terms of the company's stock option plan.

On behalf of the Board of Directors of Bioasis Technologies Inc.

Mark Day, Ph.D., Director and President & Chief Executive Officer

ABOUT BIOASIS

Bioasis Technologies, Inc. is a biopharmaceutical company developing the
xB3 TM platform, a proprietary technology for the delivery of
therapeutics across the blood-brain barrier (BBB) and the treatment of
CNS disorders in areas of high unmet medical need, including brain
cancers and neurodegenerative diseases. The delivery of therapeutics
across the BBB represents the final frontier in treating neurological
disorders. The in-house development programs at Bioasis are designed to
develop symptomatic and disease-modifying treatments for brain-related
diseases and disorders. The company maintains headquarters in Richmond,
Canada with offices in Guilford, Conn., United States. Bioasis trades on
the TSX Venture Exchange under the symbol "BTI" and on the OTCQB under
the symbol "BIOAF." For more information about the company, please visit
www.bioasis.us.

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

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