Lobe Sciences Ltd.: Lobe Sciences Announces Upsizing and First Closing of Non-brokered Private Placement Lobe" or the " Company"), is pleased to announce that it has upsized its previously announced non-brokered private placement of units (the " Units") from $2,000,000 to up to $2,700,000 (the " Offering") and has completed a first closing raising gross proceeds of $2,327,100 (the " First Tranche Closing"). The First Tranche Closing consisted of the issuance of an aggregate of 23,271,000 Units at a price of $0.10 per Unit. Each Unit consists of one common share in the capital of the Company (each a " Share") and one share purchase warrant (each a " Warrant"). Each Warrant entitles the subscriber to acquire one additional Share at a price of $0.25 per Warrant for a period of two years from the applicable closing date, subject to an accelerated expiry provision described herein. If on any 10 consecutive trading days occurring after four months and one day has elapsed following the final closing date of the Offering, the closing price of the Shares (or the closing bid, if no sales were reported on a trading day) as quoted on the Canadian Securities Exchange (the "