Antibe Therapeutics grants options to purchase common shares

Antibe Therapeutics Inc. ("Antibe" or the "Company") (TSXV: ATE, OTCQX: ATBPF) announces that it has granted its directors, officers and employees options to purchase a total of 9,496,000 common shares of Antibe pursuant to the Company's stock option plan. Each option has an exercise price of $0.20, being the closing price of Antibe shares on March 30, 2017, and an expiry date of March 31, 2027.

Walt Macnee, the Chair of Antibe, commented, "2016 was a very important and successful year for Antibe. The team delivered exceptional results in the first Phase 2 study of Antibe's lead drug, ATB-346, and is now poised to launch its Phase 2 proof-of-concept study to demonstrate GI safety, the key strategic value of the drug. The recently announced regional licensing deal for ATB-346 was an important milestone and provided strong validation of Antibe's hydrogen sulfide technology and market value. On the regenerative medicine side, Citagenix has been re-positioned on a global growth trajectory and is starting to see exciting traction in the United States. These stock options keep Antibe's executives and staff well-aligned with the interests of the shareholders as we progress into a pivotal 18-month period for both ATB-346 and Citagenix."

Twenty-five percent (25%) of the granted options vest on the grant date and 1/36^th of the remaining options vest in each of the subsequent 36 months. Furthermore, the vesting of fifty percent (50%) of the options granted to key executives will be subject to the achievement of specific performance goals that are designed to reflect successful execution of the Company's business plan and strategy.

In addition, the Company has granted BND Projects Inc. 18,000 options for investor relations services. Each option has an exercise price of $0.195, being the 5-day volume weighted average price of Antibe's shares, vests quarterly starting on the date of the grant, and will expire March 31, 2020.