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Lite Access Technologies Inc. Reports Q3 2016 Financial Results-Revenues Up 2,041% Over Q3 2015

VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 08/30/16 — LITE ACCESS TECHNOLOGIES INC. (the “Company” or “Lite Access”) (CSE: LTE)(OTC PINK: LTCCF), a total integrated fibre optic solutions provider, yesterday reported its financial results for the third quarter ended June 30, 2016 and provided a business update. The financial statements and related management–s discussion and analysis (“MD&A”) can be viewed on SEDAR at .

Financial Highlights for the Third Quarter 2016:

Mike Plotnikoff, CEO of Lite Access, stated, “We are very excited to report our second consecutive quarter of profitability and deliver substantial quarter-over-quarter revenue growth. Key to our growth strategy we–ve expanded our international distribution partnerships by adding new territories and expect this to positively impact sales. In addition, we have all the equipment and skilled personnel in place to scale our installation operations in Western Canada.” Mr. Plotnikoff concluded, “The fibre optic industry represents a massive market opportunity for Lite Access and we look forward to leveraging our successes to end the year strong and continue as a world leader in providing a full portfolio of fibre connectivity solutions in the most future proof and cost effective manner possible.”

Business Highlights:

About Lite Access

Lite Access is a world leader in microduct and fibre optic technologies. Using its specially designed and innovative micro-trench and micro-drill methods of deployment, Lite Access– proprietary microduct technology extends a network provider–s ability to deliver true broadband connectivity directly to end-users, such as homes, government and educational institutions, and emergency response facilities. Providing a full portfolio of fibre connectivity solutions for many types of Telecom infrastructure, Lite Access has successfully deployed thousands of kilometres of microduct networks throughout North and South America, the United Kingdom, the Caribbean, Australia and Asia.

Lite Access– products have been deployed in many high profile communication networks including the Whistler 2010 Winter Olympic facilities, builds within the State of New York including Central Park, the Bering Sea for the TV show “Deadliest Catch”, fibre to the home at Stanford University and numerous other locations around the globe that have adopted Lite Access as the “solution of choice” for future proof fibre optic connectivity.

(i)Non-IFRS Measures

Adjusted EBITDA is a measure not recognized under IFRS. However, management of Lite Access believes that most shareholders, creditors, other stakeholders and investment analysts prefer to have these measures included as reported measures of operating performance, a proxy for cash flow, and to facilitate valuation analysis. Adjusted EBITDA is defined as earnings before interest income, taxes, depreciation and amortization, stock based compensation, restructuring costs, impairment charges and other non-recurring gains or losses. Management believes Adjusted EBITDA is a useful measure that facilitates period-to-period operating comparisons.

Adjusted EBITDA does not have any standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Readers are cautioned that Adjusted EBITDA is not an alternative to measures determined in accordance with IFRS and should not, on its own, be construed as indicators of performance, cash flow or profitability. References to the Lite Access– Adjusted EBITDA should be read in conjunction with the financial statements and management–s discussion and analysis of Lite Access posted on SEDAR ().

Forward Looking Information

Information set forth in this news release contains forward-looking statements. These statements reflect management–s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company–s control. Such factors include, among other things: risks and uncertainties described in the Company–s Listing Statement dated May 26, 2015 available on . Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

The CSE has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:For further information please contact:Lite Access Technologies Inc.1-604-247-4704For investor relations please contact:Contact Financial Corp.Rob Gamley1-604-689-7422

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