Enablence Announces Extension of Closing of Additional Tranches of Financing

Enablence Technologies Inc. ("Enablence" or the "Company") (TSX VENTURE:ENA), a
leading supplier of optical components and subsystems for access, metro and
long-haul markets, today announced that additional tranches of the financing
previously announced on June 17, 2014 are now expected to close in late August
2014 and early September 2014. 


The total financing, inclusive of the first tranche of $1 million which closed
on June 26, 2014, is expected to raise up to an amount of $10 million (the
"Financing") at a price of $0.15 per share resulting in the issuance of up to
66,666,666 common shares of the Company. Certain new strategic investors, which
includes ZTE Corporation, either directly or through an affiliate, and Shanghai
QSY Technologies Co., Ltd.,are expected to finance up to $8 million of
additional tranches of the Financing. 


The Financing is subject to several conditions including but not limited to: TSX
Venture Exchange approval, approval of the boards of the strategic investors and
approval of certain Chinese government authorities. Any shares issued in
connection with the Financing will be subject to a four month restricted period.


The proceeds from the Financing are expected to enable the Company to increase
capacity to meet current and expected future demand associated with a number of
recent contracts awarded by telecommunications equipment vendors. Enablence will
also accelerate development of next generation integrated products to meet
customer demands. 


About Enablence Technologies Inc.

Enablence is a publicly traded company that designs, manufactures and sells
optical components and subsystems to a global customer base. It utilizes its
patented technologies, including planar lightwave circuit ("PLC") intellectual
property, in the production of an array of photonic components and broadband
subsystems that deliver a key portion of the infrastructure for current and
next-generation telecommunication systems. The Company's product lines address
all three segments of optical networks: access - connecting homes and businesses
to the network; metro - communication rings within large cities; and long-haul -
linking cities and continents. For more information, visit www.enablence.com.


Forward-looking Statements

This press release may contain forward-looking statements regarding additional
tranches of the financing transaction and the strategic investors, funding of
ongoing operations based on current expectations, future demand for products,
forecasts and assumptions which involve risks and uncertainties associated with
our business and the economic environment in which the business operates. All
such statements are made pursuant to the 'safe harbour' provisions of, and are
intended to be forward-looking statements under, applicable Canadian securities
legislation. Any statements contained herein that are statements of historical
facts may be deemed to be forward-looking statements. By their nature,
forward-looking statements require us to make assumptions and are subject to
inherent risks and uncertainties. We caution our readers of this press release
not to place undue reliance on our forward looking statements as a number of
factors could cause actual results or conditions to differ materially from
current expectations. Please refer to the risks set forth in the Company's
continuous disclosure documents that can be found on SEDAR www.sedar.com.
Enablence does not intend, and disclaims any obligation, except as required by
law, to update or revise any forward looking statements whether as a result of
new information, future events or otherwise.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Enablence Technologies Inc.
Louis De Jong
Chairman
[phone] ext. 0
www.enablence.com