Telo Genomics Corp. (TSX-V: TELO) (the 'Company' or 'TELO') is pleased to announce that it has repurchased certain Canadian licensing and commercialization rights previously granted by the Company to Knight Therapeutics Inc. ('Knight') (TSX:GUD).

In particular, the Company has repurchased from Knight the exclusive license to commercialize diagnostic and prognostic test products of the Company and the right to act as the exclusive distributor of such products in Canada. In consideration for the rights, the Company paid $5,000 and issued 50,000 share purchase warrants to Knight. Each warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.25 per share for a period of five years from the date of issuance.

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