biOasis to Present at the Brains for Brain 10th Annual Workshop and Open Conference in Madrid, Spain

VANCOUVER, BC--(Marketwired - March 17, 2016) - biOasis Technologies Inc. (TSX VENTURE: BTI) (BIOAF) (the "Company") on Saturday, March 19, 2016 at 11:45am, will present the data from the biOasis sponsored Brains for Brain ("B4B") lysosomal storage disease ("LSD") knockout mouse study performed by Dr. Maurizio Scarpa and Dr. Rosella Tomanin at Dr. Scarpa's laboratories in Padova, Italy. Dr. Scarpa is a world leading clinical expert in lysosomal storage diseases.

The study, which was started in late 2014, was focused on Hunter Syndrome, or mucopolysaccharidosis II (MPS II), a serious genetic disorder that primarily affects males. Symptoms of the disease are usually evident in children between the ages of 2 to 4 years.

With Hunter Syndrome, there is a build-up of glycosaminoglycans ("GAGs") in cells throughout the body due to the absence or improper functioning of an enzyme, iduronate-2-sulfatase ("I2S"). The buildup of GAG interferes with the way certain cells and organs in the body function and leads to a number of serious symptoms, some of which are significantly evident in the brain.

The treatment for Hunter Syndrome is enzyme replacement therapy ("ERT"), the administration of the I2S enzyme. However, I2S cannot normally cross the blood-brain barrier, leaving the brain untreated.

The mouse model used in the B4B study, developed by Dr. Scarpa, was bred with the inability to produce the I2S enzyme. The study was key to determining whether biOasis Transcend^pep could deliver IS2 to the brain and could clear or decrease the number of lysosomal storage vacuoles from the cells within the brain, a key measurement in the successful treatment of Hunter Syndrome within the brain.

The study showed that the Transcend^pep fusion protein, MTfp-I2S (MTfp-Iduronate-2-sulfatase), crossed the blood-brain barrier, reached therapeutic levels in the CNS and significantly decreased the number of lysosomal storage vacuoles in the cytoplasm of brain cells.

"biOasis has seen some wonderful advancements within its internal programs and although this study was longer than expected, the results were worth the wait," said Rob Hutchison, CEO of biOasis Technologies Inc. "Rare diseases like LSD's are a strong focus for biOasis due to their huge unmet medical need and the speed with which LSD therapeutics can be brought to market."

"The results of this study have encouraged both Dr. Scarpa and our biOasis team to expedite the advancement of this program towards a clinical assessment of the ability to use Transcend^pep in humans for the delivery of I2S to the brain. We are confident that this presentation will be very well received by industry figures attending the Brains for Brain 10th Annual Workshop and Open Conference in Madrid, Spain."

About biOasis

biOasis Technologies Inc. is a biopharmaceutical company headquartered in Vancouver, Canada. Based on Transcend, biOasis proprietary brain delivery platform, the company is focused on creating new drugs that can cross the BBB to address unmet medical needs in the treatment of brain diseases such as neurodegeneration, metastatic cancer and metabolic diseases. biOasis trades on the OTCQB under the symbol "BIOAF" and on the TSX Venture Exchange under the symbol "BTI". For more information about the company please visit www.bioasis.ca.

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On Behalf of the Board of Directors

Rob Hutchison Chairman & CEO

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