Galvanic Applied Sciences Inc. (“Galvanic”) (GAV.V) announces today that it has been informed that 1756349 Alberta Ltd. (the “Offeror”) has taken up 11,719,049 common shares of Galvanic deposited under the Offeror’s previously announced offer to acquire all of the issued and outstanding common shares of Galvanic (the “Offer”). The Offer has now expired and, after giving effect to the take-up and payment of such Galvanic common shares, the Offeror will hold 11,719,049 Galvanic common shares, representing approximately 69.7% of the issued and outstanding common shares of Galvanic.

In accordance with the terms of the Offer, concurrently with take-up and payment for the Galvanic common shares, each of the current directors of Galvanic will resign and Timothy Briglin, Drew Sawyer , Eric Mara and Jorge Calderon , each a director of the Offeror, will be appointed as directors of Galvanic.

The Offeror made its Offer on June 28, 2013 when it mailed a take-over bid circular to Galvanic shareholders. The deposit period under the Offer expired at 4:00 p.m. ( Toronto time) on August 6 , 2013. The Offeror has also announced its intentions to complete a subsequent acquisition transaction prior to the end of September 2013. In this regard, Galvanic intends to mail an information circular to its shareholders in the coming weeks.

Galvanic intends to cause the Galvanic common shares to be de-listed from the TSX Venture Exchange as soon as practicable and to apply to the securities regulatory authorities for Galvanic to cease to be a reporting issuer.

Galvanic is an innovative electronic technology company that develops instrumentation and manufactures equipment for the natural gas processing and distribution markets and liquids process markets. Products include analyzers for sulfur and BTU measurement in gases, electronic volume correctors and recorders used in combination with commercial natural gas meters, and tytrators, viscometers, suspended solids and turbidity analyzers for on-line liquid analysis.