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Pioneering Technology Corp. Announces Warrant Extension

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Investor Communication

Mississauga, ON – March 15, 2018 – Pioneering Technology Corp. (“Pioneering” or the “Company”) (TSXV: PTE), a technology company and North America’s leader in cooking fire prevention technologies and products, announces that it has applied for approval from the TSX Venture Exchange to extend the expiry date of 2,997,815 common share purchase warrants issued to subscribers pursuant to the private placement of units which closed on March 22 and April 20, 2017. Pioneering intends to extend the expiry date of the warrants from March 22 and April 20, 2019 until March 22 and April 20, 2021. The exercise price of $1.80 per share and all other terms of the warrants will remain unchanged for the extended exercise period. The extension is subject to approval from the TSX Venture Exchange.

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