VIQ Solutions Refinances Bridge Loan

MARKHAM, ONTARIO, Nov 12 (MARKET WIRE) --
VIQ Solutions Inc. ("VIQ Solutions" or the "Corporation") (TSX VENTURE:
VQS) announced that it has refinanced its previously outstanding $500,000
secured bridge loan. The bridge loan, as refinanced, bears interest at a
rate of 10%, payable annually, for a term of two years and includes the
issuance to the lenders of 625,000 common share purchase warrants, which
warrants have an exercise price of $0.40 for the first year and $0.50 for
the second year.

The common share purchase warrants and the shares into which the warrants
may be exercised are subject to a four month resale restriction that
remains in effect until February 25, 2010.

About VIQ Solutions Inc.

VIQ Solutions is recognized as a global provider in the digital audio
industry with innovative product and service-based solutions for
voice-driven systems in the legal, medical, business, and government
industries. VIQ Solutions provides an integrated range of digital record
workflow solutions, including digital audio and video capture, workflow
management software, transcription services, interactive electronic
scheduling, and case management integration, all from one central, secure
database.

Forward-looking Statements

This press release contains forward-looking statements that involve risks
and uncertainties, which may cause actual results to differ materially
from the statements made. When used in this press release, the words
"anticipate," "believe," "could," "estimate," "expect," "intend," "may,"
"plan," "will," and "would" and similar expressions are intended to
identify forward-looking statements. Such statements reflect VIQ
Solutions Inc.'s current views with respect to future events and are
subject to such risks and uncertainties. Forward-looking statements in
this press release include negotiation of the bridge loan facility, the
success of which is based on a number of material factors and
assumptions, including, credit market conditions and that contractual
negotiations will be completely successful and progressed and/or
completed in a timely manner. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated
or expected. VIQ Solutions Inc. does not intend and does not assume any
obligation to update these forward-looking statements.

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

Contacts:
VIQ Solutions Inc.
David Outhwaite
President & CEO
(905) 948-8266 ext. 250
douthwaite@viqsolutions.com

VIQ Solutions Inc.
Karen Hersh
Chief Financial Officer
(905) 948-8266 ext. 240
khersh@viqsolutions.com

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