THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.


Espial Group Inc. (TSX:ESP) ("Espial" or the "Company") announced today that it
has entered into an agreement with a syndicate of underwriters led by GMP
Securities L.P. and including Beacon Securities Limited, Clarus Securities Inc.,
Euro Pacific Canada Inc. and Global Maxfin Capital Inc. (collectively, the
"Underwriters"), pursuant to which the Underwriters have agreed to purchase, on
a bought deal basis pursuant to the filing of a short form prospectus, 3,508,800
common shares (the "Common Shares") of the Company at a price of $2.85 per
Common Share (the "Offering Price") for aggregate gross proceeds to Espial of
$10,000,080 (the "Offering"). 


The Company has agreed to grant the Underwriters an over-allotment option to
purchase up to an additional 526,320 Common Shares at the Offering Price,
exercisable in whole or in part, at any time on or prior to the date that is 30
days following the closing of the Offering. If this option is exercised in full,
an additional $1,500,012 in gross proceeds will be raised pursuant to the
Offering and the aggregate gross proceeds of the Offering will be $11,500,092.


The Common Shares will be offered by way of a short form prospectus to be filed
in all provinces of Canada (except Quebec). The Company intends to use the net
proceeds from the Offering for working capital and general corporate purposes.
The Offering is expected to close on or about June 24, 2014 and is subject to
certain conditions including, but not limited to, the receipt of all necessary
regulatory and stock exchange approvals, including the approval of the Toronto
Stock Exchange and the applicable securities regulatory authorities.


The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States or to, or for the account or benefit of, U.S. persons
absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any State in which such offer, solicitation or sale would be unlawful.


About Espial (www.espial.com) 

Espial is a leading supplier of digital TV and IPTV software and solutions to
cable MSOs and telecommunications operators as well as consumer electronics
manufacturers. Espial's middleware, video-on-demand, and browser products power
a diverse range of pay-TV and Internet TV business models. Over 35 million
licenses of its patented software are in use across the world. Espial is
headquartered in Ottawa, Canada and has offices in the United States, Europe,
and Asia. Visit www.espial.com.


Forward-Looking Statements

This press release contains information that is forward looking information with
respect to Espial within the meaning of Section 138.4(9) of the Ontario
Securities Act (forward looking statements) and other applicable securities
laws. In some cases, forward-looking information can be identified by the use of
terms such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue" or the
negative of these terms or other similar expressions concerning matters that are
not historical facts. In particular, statements or assumptions about economic
conditions, benefits of new customer and partner relationships, future
opportunities for the company and products and any other statements regarding
Espial's objectives (and strategies to achieve such objectives), future
expectations, beliefs, goals or prospects are or involve forward-looking
information. Forward-looking information is based on certain factors and
assumptions. While the company considers these assumptions to be reasonable
based on information currently available to it, they may prove to be incorrect. 


Forward-looking information, by its nature necessarily involves known and
unknown risks and uncertainties. A number of factors could cause actual results
to differ materially from those in the forward-looking statements or could cause
our current objectives and strategies to change, including but not limited to
changing conditions and other risks associated with the on-demand TV software
industry and the market segments in which Espial operates, competition, Espial's
ability to effectively develop its distribution channels and generate increased
demand for its products, economic conditions, technological change,
unanticipated changes in our costs, regulatory changes, litigation, the
emergence of new opportunities, many of which are beyond our control and current
expectation or knowledge, and the ability to complete the Offering on a timely
basis or at all.


Additional risks and uncertainties affecting Espial can be found in Management's
Discussion and Analysis of Results of Operations and Financial Condition and its
Annual Information Form for the fiscal year ended December 31, 2013 filed on
SEDAR at www.sedar.com. If any of these risks or uncertainties were to
materialize, or if the factors and assumptions underlying the forward-looking
information were to prove incorrect, actual results could vary materially from
those that are expressed or implied by the forward-looking information contained
herein and our current objectives or strategies may change. Espial assumes no
obligation to update or revise any forward looking statements, whether as a
result of new information, future events or otherwise, except as required by
law. Readers are cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date hereof.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For inquiries from the financial press or analysts, contact:
Espial Group Inc.
Carl Smith
Chief Financial Officer
+1 613-230-4770
csmith@espial.com


Espial Group Inc.
Kirk Edwardson
Director, Marketing
+1-613-230-4770 x1145
kedwardson@espial.com
www.espial.com

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