Lite Access Technologies Inc. announce that it has signed a Cooperation Agreement (the "Cooperation Agreement") with Ironman Direction Drilling Ltd. ("Ironman") whereby Lite Access and Ironman will jointly provide their specialized fibre installation and directional drilling services on new fibre optic network projects (the "New Projects"). Highlights of Strategic Cooperation Agreement: Lite Access to receive operational strength of Ironman for new fibre optic network projects. Ironman incentivized to refer new fibre installation projects to Lite Access.

Lite Access anticipates increased operational efficiencies and additional project flow resulting from its new relationship with Ironman. Under the terms of the Cooperation Agreement, Lite Access has offered Ironman a right of first refusal to provide directional drilling services on all New Projects of Lite Access. In each instance of cooperation, Lite Access and Ironman will enter into a binding service agreement that sets out the services and consideration paid to Ironman for each Lite Access New Project.

The Cooperation Agreement further provides that Ironman has offered Lite Access a right of first refusal to provide its fibre installation services on all New Projects of Ironman. Similar to above, a binding service agreement will be entered into by the parties that sets out the services and consideration paid to Lite Access for each Ironman New Project. In consideration of Ironman agreeing to enter into this Cooperation Agreement, Ironman will receive a maximum of $400,000 over a period of up to three years through a profit sharing arrangement on Lite Access New Projects.

The term of the Cooperation Agreement is for a period of three (3) years and may be terminated by either party on thirty days' notice provided that Ironman has received the $400,000 in payments noted above.