Mosaic Capital Partners LP Exercises Warrants and Purchases Additional Shares of AirIQ Inc.

TORONTO, ON / ACCESSWIRE / December 17, 2018 / (AirIQ Inc. TSXV:IQ)- Mosaic Capital Partners LP ("Mosaic") announced todaythat it has purchased 700,000 common shares (the "Common Shares") from treasuryof AirIQ Inc. ("AirIQ"), representing approximately 2.40% of the total issued andoutstanding common shares of AirIQ immediately prior to the transaction. As a resultof this transaction, Mosaic holds, as at December 17, 2018, an aggregate of 5,949,999common shares of AirIQ, including the Common Shares, representing approximately19.95% of all of the issued and outstanding common shares of AirIQ as at December17, 2018.

The Common Shares werepurchased upon the full exercise of a warrant dated December 17, 2013 (hereinafterthe "Warrant") previously issued to Mosaic Capital Partners LP for the purchaseof up to 700,000 common shares of AirIQ for an exercise price of $0.05 CAD per CommonShare.Mosaic paid AirIQ $35,000 CAD forthe Common Shares.

The Warrant was scheduledto expire pursuant to its terms at 5:00 PM Eastern time on December 17, 2018.

The Common Shares wereacquired by Mosaic for investment purposes.Depending on market conditions and other factors, Mosaic may from time to time acquire additional securities ofAirIQ or dispose of securities of AirIQ in the open market, by private agreementor otherwise.

To obtain a copy of the early warning report filedunder applicable Canadian securities laws in connection with the acquisition ofthe CommonShares, please see AirIQ's profile on the SEDAR website www.sedar.com.

About Mosaic

Mosaic Capital PartnersLP is a private equity firm focused on providing capital, strategic advice and access to an extensivenetwork to add value to small and medium sized enterprises.

For further information:

AndreaPasoff, Chief Financial Officer, Mosaic Capital Partners LP, 6300 Northam Drive,Mississauga, Ontario, L4V 1H7, (416) 367-2888, [email protected], www.mosaicvp.com

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

SOURCE: AirIQ Inc.