Synex International Inc. announced that it intends to proceed with a non-brokered private placement financing of 3,700,000 common shares (each, a Share) with Nilock Capital Corporation (Nilock Capital), at a price of $0.45 per Share, for gross proceeds of $1,665,000. In connection with the Financing, Arthur Irving Jr. will be appointed as a Director of the Company. Nilock Capital is controlled by Mr. Irving. As a result of Mr. Irvings appointment, the Board of Directors of the Company will be comprised of seven members. Mr. Irving has over 25 years experience, which includes terms as Executive Vice President and a Director of Irving Oil Ltd. and President of Cobalt Properties Ltd.