1756349 Alberta Ltd. (the “Offeror”) announces that it has been successful in its bid to acquire Galvanic Applied Sciences Inc. (“Galvanic”) under its previously announced offer to acquire all of the issued and outstanding common shares of Galvanic (the “Offer”). A total of 11,719,049 common shares of Galvanic were validly deposited at the expiry time of the Offer. The Offeror has taken up all of the deposited common shares and intends to pay for such shares as soon as possible, but in any event no later than Friday, August 9, 2013. The Offer has now expired and, accordingly, after giving effect to the take-up and payment of the 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. Galvanic shareholders who tendered to the Offer will receive $1.70 in cash for each Galvanic common share tendered.

The Offeror intends to complete a subsequent acquisition transaction prior to the end of September 2013. Under such transaction, the consideration payable per Galvanic common share will be the same as the consideration paid by the Offeror per Galvanic common share under the Offer. Galvanic has advised the Offeror that it intends to mail an information circular to its shareholders in the coming weeks.

The Offeror has also been advised by Galvanic that it intends to cause the Galvanic common shares to be de-listed from the TSX Venture Exchange (“TSX-V”) as soon as practicable and to apply to the securities regulatory authorities for Galvanic to cease to be a reporting issuer.

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.