Toronto, ON - Bioscrypt Inc. (TSX: BYT), a leading provider of enterprise access control technology, today announced that its V-Station MIFARE V9.50 has been approved by the Transportation Security Administration (TSA) and placed on the TSA's "Biometrics for Access Control" Qualified Products List (QPL). Products placed on the QPL can be used by airports to authenticate employees for applications such as securing access to restricted areas. The TSA conducted pre-qualification tests on a number of products, several of which then were operationally tested with the help of the International Biometric Group (IBG). IBG did a number of performance tests, including checking for speed, accuracy and the false accept and reject rates. Two hundred users were enrolled on the V-Station MIFARE and were asked to verify themselves on the fingerprint reader three or four times a day. Of the seven products that were operationally tested, the V-Station MIFARE was one of only two products for Physical Access Control that received approval. Two other sensor level components were approved. The fingerprint reader can significantly increase security at airports while keeping access control procedures simple. Bioscrypt's multi-factor authentication V-Station solution can use a combination of: who a person is (their fingerprint pattern); what they have (smart card token) and what they know (personalentification number) in order to verify that employees are who they claim to be. The readers check templates stored on MIFARE smart cards against airport employees fingerprints to conduct a 1:1 match. "Bioscrypt's products continue to be qualified by U.S. government authorities to secure the country's most vulnerable locations," said Bioscrypt's CEO and President, Robert M. Douglas. "Bioscrypt's industry-leading solutions have a proven track record and are already being used by many airports around the world in order to enhance passenger safety." Bioscrypt is the world and Americas leader in the biometric physical access control readers market and has 22 percent share of the Americas market, according to IMS Research. About Bioscrypt Inc. Bioscrypt is an enterprise access control solution provider, enabling the unification of physical and logical access with its Door to Desktop® products. Bioscrypt's hardware and software solutions deliver strong authentication processes to facilities, equipment, IT networks and computer applications and allow organizations to administer unifiedentities across the enterprise. Building on its proven expertise in biometric technology and its unique multi-factor authentication platform, Bioscrypt integrates all major secure authentication standards, transforming how organizations are bridging the gap between physical and logical access to create secure working environments. More information is available at www.bioscrypt.com. Bioscrypt and Door to Desktop® are registered trademarks and Veri-Series and VeriSoft are trademarks of Bioscrypt Inc. All other product and company names mentioned are the property of their respective owners and are mentioned forentification purposes only. For more information, contact: Matthew Bogart Bioscrypt Inc. Phone: (905) 940-7771 Email: matthew.bogart@bioscrypt.com

Laura Slater High Road Communications Phone: (613) 688-1192 Email: lslater@highroad.com Forward-looking (safe harbour) statement Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "pl ans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.