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| Press Release

Cipherloc Corporation Announces Hardware Encryption Proof of Concept Completion

AUSTIN, TX / ACCESSWIRE / June 12, 2018 / CipherLoc Corporation (OTCQB: CLOK), a leading provider of highly-secure, data protection technology, today announced the completion of our proof of concept in hardware encryption.

CipherLoc announces that it has completed its first Proof of Principle/Concept (PoP) demonstration of its On-the-Fly (OTF) reprovisioning hardware Polymorphic Key Progression Algorithm (PKPA) circuit. A Senior Capstone Project team consisting of two electrical engineering and two software engineering students recently demonstrated the ability to transmit encrypted messages using a simplified PKPA algorithm to encrypted, transmit, and decrypt messages between two different boards and locations. Completion of the project demonstrates the capabilities of creating, maintaining, and reprovisioning OTF to create a PKPA encryption and decryption communication stream between two computers. Further, it also demonstrates the capability of creating an OTP in the same circuitry, resulting in infinite length PKPAs in hardware.

Completion of the project allows a user of low cost means to be able to use an OTP without the expense that was previously required to implement an OTP. Further, using hardware as the base for the OTP ensures that the encryption is quick and relatively cheap. Research and implementation are continuing on the project and engineering is set to begin shortly on a commercial product.

About CipherLoc Corporation (OTCQB: CLOK)

CipherLoc Corporation is a data security solutions company whose vision is simple - Protect the World's Data. Our highly innovative solutions are based on our patented Polymorphic Cipher Engine which is designed to enable an ironclad layer of protection to be added to existing products, services, or applications. We deliver solutions that are highly secure, synergistic, and scalable. In short, we keep information safe in today's highly dangerous world. For further information, please go to www.cipherloc.net.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Investor Contact

Matt Kreps
Darrow Associates Investor Relations
214-597-8200

SOURCE: CipherLoc Corporation

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