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Scryb Prepares to List Cybeats Technologies via RTO Transaction

January 7, 2021

TORONTO, January 7, 2021 – Scryb Inc. (“Scryb” or the “Company”) (CSE:SCYB, OTCQB: RYMDF, Frankfurt: EIY2),an applied intelligence Company, announces that it has signed a non-bindingletter of intent (the “LOI”)with Pima Zinc Corp. ("Pima"), pursuant to which Pima would acquireall of the issued and outstanding common shares in thecapital of Cybeats from Scryb (the “ProposedTransaction”). In addition, Pimawill change its name to “Cybeats Technologies Corp.” and will apply for alisting on the Canadian Securities Exchange.

“Weare very pleased with the progress and growth of Cybeats’s since acquiring theCompany, and are excited to accelerate commercial activities and expansion with this proposedtransaction. We feel that a separatelisting will bring shareholder value that more adequately reflects the state ofCybeats business and market conditions. We believe that the currentvaluation of Cybeatsis not reflected in Scryb’sshare price. Cybeatsindependently capitalized can foster a more streamlined operational expansioninto the United States. Thistransaction allows for a contemplated share-based dividend of Cybeats shares to Scryb shareholders once the value of Cybeatsis adequately recognized,” said Yoav Raiter,CEO, Scryb Inc.

The completionof the Proposed Transaction contemplated by the LOI remains subject to Pima and Cybeats entering into a definitiveagreement and the approval of all regulatory and other approvals. It has been agreed that the terms of theProposed Transaction will result in Scryb continuing to be the controlling shareholder in Cybeatsand as a result, Scryb will report its interestin Cybeats on a consolidated basis.

Scryb’s management believes thisproposed transaction is positive as it allows Cybeats to access the public markets for the capitalit will need to grow its businesswithout resulting in further dilutionin the number of sharesoutstanding in Scryb.

 

About Cybeats

Cybeats delivers intelligent securityapplications for softwaresupply chains and IoT connecteddevices, autonomously detecting and eliminating cyber threats in real-time. Cybeats- Software made certain.

Website: www.cybeats.com

Contact: 647-872-9982 | Toll Free/Fax:1 844-247-6633 | Email: info@scryb.ai |

65 International Blvd.Suite 202, Etobicoke, ON, M9W 6L9

Cybeats Overview: Fora more encompassing corporate updateon Cybeats strategyand future, pleasevisit1: https://bit.ly/3t3moO0

RECENT NEWS: Scrybreports on engagement with APMA (Auto Parts Manufacturers Association) to deploy Cybeats on Project Arrow, Canada’szero-emissions concept car. View the full story here: https://scryb.ca/newsblog/2022/1/5/7i9si56edxgdpj0qy8seeeht8e7oqz

 

About Scryb

Scryb is a platform that powersbusinesses and technologies with applied intelligence, real-time analytics, and actionable insights. Theplatform boasts proven adaptability across diverse markets, from digital health and diagnostics tocybersecurity and manufacturing. The cloud-based platform is composedof crucial elementsincluding sensor technology, IoT, predictive analytics, and computer vision.

For more information, pleasevisit our websiteat: http://scryb.ai

 

Contact:

W. Clark Kent President

Office. 647-872-9982

TF. 1-844-247-6633

Email: info@scryb.ai

Forward-looking Information Cautionary Statement

Exceptfor statements of historic fact, this news release contains certain"forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by wordssuch as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similarwords, or statements that certain eventsor conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements aremade, and are subject to a variety of risks and uncertainties and other factors that could cause actual events orresults to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. Thereare uncertainties inherent in forward-looking information, including factorsbeyond the Company’s control. Thereare no assurances that the commercialization plans for the technology describedin this news release will come intoeffect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information ifcircumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance onforward-looking statements. Additional information identifying risks anduncertainties that could affect financial results is contained in the Company’s filingswith Canadian securities regulators, which filingsare available at www.sedar.com

1 https://scryb.ca/newsblog/2021/12/17/scryb-reports-on-strategy-and-future-of-cybeats-cybersecurity

Contact: 647-872-9982 | Toll Free/Fax:1 844-247-6633 | Email: info@scryb.ai |

65 International Blvd.Suite 202, Etobicoke, ON, M9W 6L9