November 12th, 2015

MISSISSAUGA, Ontario - November 12, 2015 - /CNW/ - Covalon Technologies Ltd. (the 'Company' or 'Covalon') (TSXV: COV), an advanced medical technologies company, is delighted to announce the appointment of Danny Brannagan as Chief Financial Officer.

Mr. Brannagan has been managing Covalon's finance team since joining the Company in November 2014. Mr. Brannagan is a Chartered Accountant and Certified Professional Accountant and holds a Bachelors of Commerce degree from Queen's University. Prior to joining Covalon, Danny spent several years with PriceWaterhouse Coopers LLP in the tax and assurance groups advising public and private companies on taxation and financial accounting matters. Prior to joining PriceWaterhouse Coopers LLP Mr. Brannagan was a professional football player with the Toronto Argonauts where he became the first Canadian-born quarterback to play for the Argonauts since 1969.

'Covalon is fortunate to have Danny lead our finance team and we are excited to appoint Danny as our chief financial officer,' said Brian Pedlar, Covalon's CEO and former Interim CFO. 'Since joining Covalon, Danny has taken over the leadership of our finance group and has been successful in leading the Company financially through significant growth and change. Danny has played an instrumental role in financial reporting, international business expansion, and contact negotiations over the past year as Covalon has expanded its markets internationally and launched new products. Our board of directors unanimously support the appointment of Danny as the Company's chief financial officer.'

To learn more about Covalon, please contact:

Brian Pedlar, CEO, Covalon Technologies Ltd.

Email: bpedlar@covalon.com

Phone: 905.568.8400 x 233

Toll free: 1.877.711.6055

Web site: www.covalon.com

Twitter: @covalon

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