TTL.P

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA


Triox Limited (TSX VENTURE:TTL.P) (the "Corporation" or "Triox") is pleased to
announce that it has entered into a letter of intent with eQube Technology and
Software Inc. ("eQube") dated April 2, 2014 (the "Letter of Intent") whereby
eQube is expected to acquire Triox by way of reverse takeover (the
"Acquisition"). Upon completion of the Acquisition, the combined entity (the
"Resulting Issuer") will continue to carry on the business of eQube. The
Resulting Issuer expects to list on the TSX Venture Exchange (the "Exchange") as
a tier 1 Technology Issuer.


eQube is a leading SaaS developer of electronic bingo and social casino games
and systems in North America. Its proprietary games and mobile products provide
new revenue channels to and enhance traditional bingo income for lottery, tribal
and other gaming organizations. eQube has gained an approximately 75% market
share of the Canadian bingo market. With the Acquisition of Triox, eQube plans a
rapid expansion initially focused on Asia, the United States, Great Britain and
Australia. 


eQube helped create the eBingo market in Canada. It has been offering its
proprietary systems to provincial gaming authorities and private industry since
its incorporation under the Business Corporations Act (Alberta) in 1999. Its
registered and head office is in Edmonton, Alberta. 


Triox is a public company in Hong Kong and a "capital pool company" under the
policies of the Exchange, which gives it unique access to Asian markets among
capital pool companies. It is intended that the Acquisition will constitute the
"Qualifying Transaction" of Triox, as such term is defined in the policies of
the Exchange. Triox was incorporated under the laws of Hong Kong and has a head
office in Hong Kong's Wan Chai district. 


Proposed Financing

The terms of the Letter of Intent include that eQube will complete a brokered
private placement (the "Private Placement") in conjunction with, or prior to the
closing of the Qualifying Transaction. The details of the Private Placement will
be announced in a subsequent news release. 


The Qualifying Transaction

It is currently anticipated that the Acquisition will occur as a merger,
amalgamation or share exchange, the final structure of the Acquisition being
subject to receipt of tax, corporate and securities law advice for both Triox
and eQube. The Acquisition will be carried out by parties dealing at arm's
length to one another and therefore will not be considered to be a "Non-Arm's
Length Qualifying Transaction", as such term is defined under the policies of
the Exchange. As a result, a meeting of the shareholders of the Corporation is
not required by the Exchange to approve the Qualifying Transaction. 


In connection with the Acquisition, it is expected that the Corporation will
hold an annual general and special meeting to, among other items of business,
change its name and to consolidate its issued and outstanding share capital on a
3-to-1 basis. The post-consolidation shares of Triox are going to be exchanged
for shares of eQube such that the existing Triox shareholders will hold
3,766,667 ordinary shares and the existing class A shareholders of eQube are
going to hold 18,234,402 ordinary shares of the Resulting Issuer, subject to
adjustment for the any exercise of stock options and warrants. 


Under the terms of the Letter of Intent, Triox and eQube will negotiate and
enter into a definitive agreement incorporating the principal terms of the
contemplated Qualifying Transaction set forth herein and, such other terms and
provisions of a more detailed nature as the parties may agree. On closing of the
Qualifying Transaction, all options currently held by the Triox directors and
officers will be required to be exercised or cancelled. The Resulting Issuer
intends to issue options to the new directors and officers of the Resulting
Issuer, the details of which will be disclosed when finalized. 


Sponsorship of Qualifying Transaction 

Sponsorship of the Qualifying Transaction is required by the Exchange unless an
exemption from this requirement can be obtained in accordance with the policies
of the Exchange. The Corporation intends to apply for an exemption to the
sponsorship requirement. There is no assurance that an exemption from this
requirement will be obtained. 


Trading Halt

The ordinary shares of Triox are currently halted from trading and are not
expected to resume trading until completion of the Qualifying Transaction.


Additional Information

If and when a definitive agreement between the Corporation and eQube is
executed, the Corporation will issue a subsequent press release in accordance
with the policies of the Exchange containing its details including information
relating to sponsorship, the Private Placement, the Proposed Management Team of
the Resulting Issuer and summary financial information.


Completion of the Qualifying Transaction is subject to a number of conditions
including, but not limited to, completion of the Private Placement, satisfactory
due diligence by each of the Corporation and eQube, the completion of a
definitive agreement in respect of the Qualifying Transaction, closing
conditions customary to transactions of the nature of the Qualifying
Transaction, approvals of shareholders, director, regulators and third parties
that may be necessary or desirable, Exchange acceptance and, if required by the
Exchange policies, majority of the minority shareholder approval. Where
applicable, the Qualifying Transaction cannot close until the required
shareholder approvals are obtained and there can be no assurance that the
Qualifying Transaction will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the Qualifying
Transaction, any information released or received with respect to the Qualifying
Transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered highly
speculative.Cautionary Statements


This news release contains "forward-looking information" within the meaning of
applicable securities laws relating to the proposal to complete the Qualifying
Transaction and associated transactions, including statements regarding the
terms and conditions of the Qualifying Transaction, the Private Placement, the
expansion plans of eQube and the Name Change and the Consolidation. The
information about eQube contained in the press release has not been
independently verified by the Corporation. Although the Corporation believes in
light of the experience of its officers and directors, current conditions and
expected future developments and other factors that have been considered
appropriate that the expectations reflected in this forward-looking information
are reasonable, undue reliance should not be placed on them because the
Corporation can give no assurance that they will prove to be correct. Readers
are cautioned to not place undue reliance on forward-looking information. Actual
results and developments may differ materially from those contemplated by these
statements depending on, among other things, the risks that the parties will not
proceed with the Qualifying Transaction,, the Private Placement, the Name
Change, the Consolidation and associated transactions, that the ultimate terms
of the Qualifying Transaction, the Private Placement, the Name Change, the
Consolidation and associated transactions will differ from those that currently
are contemplated, and that the Qualifying Transaction, the Engagement Letter,
the Private Placement, the Name Change, the Consolidation and associated
transactions will not be successfully completed for any reason (including the
failure to obtain the required approvals or clearances from regulatory
authorities). The terms and conditions of the Qualifying Transaction may change
based on the Corporation's due diligence (which is going to be limited as the
Corporation intends largely to rely on the due diligence of other parties of the
Qualifying Transaction to contain its costs, among other things) and the receipt
of tax, corporate and securities law advice for both Triox and eQube. The
statements in this press release are made as of the date of this release. The
Corporation undertakes no obligation to comment on analyses, expectations or
statements made by third-parties in respect of the Corporation, eQube, their
securities, or their respective financial or operating results (as applicable).


Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as
that term is defined in the polices of the TSX Venture Exchange) has in any way
passed upon the merits of the Qualifying Transaction and associated transactions
and neither of the foregoing entities has in any way approved or disapproved of
the contents of this press release.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


Not for distribution to U.S. Newswire Services or for dissemination in the
United States of America. Any failure to comply with this restriction may
constitute a violation of U.S. Securities laws.


The common shares have not been and will not be registered under the United
States Securities Act of 1933, as amended and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirement. 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 jurisdiction in which such offer, solicitation or sale would
be unlawful.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Triox Limited
Robb McNaughton
Director
(403) 232-9689


eQube Technology and Software Inc.
Kent Tong
President and CEO
(780) 414-8890 ext.227

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