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FINANCIAL RESULTS

Espial Group inc. Announces Increase to Previously Announced Bought Deal

Espial Group Inc. (TSX: ESP) is pleased to announced that it has agreed with a syndicate of underwriters co-led by GMP Securities L.P. and Beacon Securities Limited and including
Mackie Research Capital Corporation, Haywood Securities Inc. and PI Financial Corporation , to upsize its previously announced “bought deal” public offering of common shares of the Company to 8,750,000 Common Shares at a price of $4.00 per Common Share for aggregate gross proceeds to the Company of $35,000,000.

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