First Tranche of Private Placement of up to $5,000,000

GUELPH, ON--(Marketwired - December 18, 2017) - ENPAR Technologies Inc. (TSX VENTURE: ENP) ("ENPAR" or "the Company" or "the Corporation") announces that, subject to regulatory approval and formal documentation, the Company will be finalizing the first tranche of a non-brokered, private placement next week.The placement will be for 33,333,333 Units at a price of $0.15 per unit. Each Unit will be comprised of one Common Share in the capital stock of the Corporation and a one-half share Purchase Warrant ("Warrant"), which is exercisable for a period of two (2) years from the date of closing. Two Purchase Warrants will entitle the holder to purchase one additional Common Share at an exercise price of $0.25 per share.