CRS Electronics Announces Proposed $2 Million Private Placement

CRS Electronics Inc. ("CRS" or the "Company") (TSX VENTURE:LED), a developer and
manufacturer of LED lighting products, is pleased to announce that it intends to
undertake a non-brokered private placement of up to 13,400,000 units of the
Company (the "Units") at an offering price of $0.15 per Unit for gross proceeds
to the Company of up to approximately $2,010,000 (the "Offering"). Canaccord
Genuity Corp. ("Canaccord") is assisting with the Offering and is entitled to
receive a cash commission equal to 6% of the total proceeds raised under the
Offering and compensation options equal to 6% of the total number of Units sold
under the Offering. Each compensation option entitles Canaccord to purchase one
common share of the Company at a price of $0.15 per compensation option until 24
months after the closing date of the Offering. 


Each Unit will be comprised of one common share of the Company and one common
share purchase warrant. Each warrant will entitle the holder thereof to purchase
one common share of the Company at a price of $0.20 for a period of 24 months
following the closing date of the Offering. If the closing price of the common
shares of the Company on the TSX Venture Exchange is $0.30 or above for 20
consecutive trading days, the Company will have the right to accelerate the
expiry date of the warrants upon notice to the holders.


The net proceeds from the Offering will be used for general corporate and
working capital purposes. 


Closing of the Offering is anticipated to occur on or about July 28, 2014 and
will be conditional upon, among other things, the receipt of all necessary
regulatory approvals. All securities issued pursuant to this Offering are
subject to a four month hold period from the closing date.


About CRS 

CRS Electronics Inc. (TSX VENTURE:LED), a Lighting Facts partner, is a leader in
the emerging, rapidly-growing market of high efficiency light-emitting-diode
("LED"), or, solid state lighting ("SSL"). The principal activities of CRS
Electronics include the development, manufacture and sale, primarily in North
America, of indoor lighting products such as LED replacement lamps, exterior LED
warning lights for school buses, child safety systems for school buses, LED
architectural lighting fixtures, and contract manufacturing of LED circuit
boards. As an innovator of LED solutions since 1998, CRS Electronics continues
to expand its product portfolio and market presence with business partners and
customers, and under its own product brands, which include CRS Electronics and
Lumenova(TM).


Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization
of Canada accepts responsibility for the adequacy or accuracy of this release. 


Certain statements contained in this news release constitute forward-looking
information within the meaning of Canadian securities laws which can be
identified by terminology such as "may", "will", "could", "should", "expect",
"plan", "anticipate", "believe", "intend", "estimate", "projects", "predict",
"potential", "continue" or other similar expressions concerning matters that are
not historical facts. Such forward-looking statements are based on a number of
material factors and assumptions, including, but not limited in any manner,
those disclosed in any other CRS filings, and include availability of sufficient
working capital for development and operations, availability of a qualified work
force, availability of manufacturing equipment and the ultimate ability execute
its business plan on economically favourable terms. While we consider these
assumptions to be reasonable based on information currently available to us,
they may prove to be incorrect. Actual results may vary from such
forward-looking information for a variety of reasons, including but not limited
to risks and uncertainties disclosed in other CRS filings at www.sedar.com and
other unforeseen events or circumstances. Other than as required by law, CRS
does not intend, and undertakes no obligation to update any forward-looking
information to reflect, among other things, new information or future events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations: CRS Electronics Inc.
Matthew Groen
Chief Financial Officer
[e-mail]
www.crselectronics.com


Media:
[e-mail]
www.lumenovaled.com