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Nubeva Grants Director Stock Options





SAN JOSE, Calif. - TheNewswire - March 11, 2020 - Nubeva Technologies Ltd. (TSXV:NBVA) (the "Company"), a cloud visibility SaaS software developer for enterprises with assets in public and private clouds and data centers, today announced that it has granted and aggregate of 420,000 incentive stock options to two directors of the Company.

The options, granted pursuant to the Company's fixed Stock option plan, vest in equal monthly installments over two years. Each stock option entitles the holder to acquire one common share at a price of CAD $0.05 per share, for a period of 10 years.

After the grant of these options there will be 4,784,119 options outstanding and 2,672,333 available for grant.

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About Nubeva Technologies Ltd.

Nubeva Technologies Ltd. develops Software-as-a-Service ("SaaS") solutions that enable enterprises to obtain visibility of encrypted cloud traffic. Nubeva's Symmetric Key Intercept architecture provides universal TLS decryption and works in any cloud platform. The service unlocks cloud traffic for best-of-breed security. The scalability and ease-of-use of Nubeva enable any organization to adopt aggressive encryption in the cloud needed for network monitoring and security tools. Visit nubeva.com for more information.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the cybersecurity industry. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

For additional information, please contact:

Nubeva Technologies Ltd. Marcel Valentin, Investor Relations

Steve Perkins, Chief Marketing Officer or Marcel@SophicCapital.com

1-(844)538-4638 1-(647)697-0498