Sonomax Closes $3.05 Million Issue of 12% Secured Convertible Debentures

  Sonomax Closes $3.05 Million Issue of 12% Secured Convertible Debentures

Business Wire

MONTREAL -- December 21, 2012

Sonomax Technologies Inc. (TSX-V: SHH) is pleased to announce that it has
issued an aggregate principal amount of $3,051,000 of 12% secured convertible
debentures to purchasers in Québec and the United States.

The proceeds from the placement of the debentures have been added to Sonomax’s
working capital.

The debentures bear interest at the rate of 12% per annum, payable
semi-annually in arrears on June30 and December31 in each year, commencing
December31, 2012, and will mature on February15, 2014. The principal amount
of the debentures is secured by a hypothec over all of Sonomax’s movable
property and is convertible into Sonomax common shares at any time at the
option of the holder, at a conversion price of $0.125 per share, until
maturity.

The debentures, as well as any common shares that may be issued upon
conversion of the debentures, are subject to a hold period expiring on
April22, 2013. Two Directors of Sonomax participated in the private
placement. There are currently 381,331,244 common shares of Sonomax issued and
outstanding.

Sonomax also announces that it has received a notice of claim from NewLook
Eyewear Inc. relating to Quebec R&D tax credits for the years 2006 to 2010.
The amount claimed is approximately $452,000. Sonomax and NewLook Eyewear Inc.
have been working with the tax authorities to resolve the situation and
Sonomax has reserved $150,000 in its financial statements as an accrued
liability with respect to the R&D tax credits. The claim by NewLook Eyewear
Inc. was made under an Indemnity Agreement entered into in 2010 at the time of
the Plan of Arrangement between Sonomax and NewLook Eyewear Inc., among
others.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities described herein. The securities have not
been and will not be registered under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”), or any state securities laws and
may not be offered or sold within the United States or to United States
Persons unless registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.

This news release is not for distribution to United States newswire services
or for dissemination in the United States.

About Sonomax

Sonomax Technologies makes the world’s most advanced hearing protection
products to prevent the #1occupational disease, Noise Induced Hearing Loss
(NIHL). The Company offers OEM, ODM and aftermarket clients a broader range of
opportunities in customized earpieces using SonoFit for the Consumer, Military
and Health markets.

This news release contains certain forward-looking statements that reflect the
current views and/or expectations of Sonomax Technologies Inc. with respect to
its performance, business and future events. Such statements are subject to a
number of risks, uncertainties and assumptions. Actual results and events may
vary significantly. The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.

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

Contact:

Sonomax Technologies Inc.
Nick Laperle, 514-932-2674, ext. 2229
President & CEO
nlaperle@sonomax.com
www.sonomax.com
 
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