PST.H Psinaptic

BULLETIN TYPE: Cease Trade Order
BULLETIN DATE: February 4, 2009
NEX Company

A Cease Trade Order has been issued by the Alberta Securities Commission on
February 4, 2009, against the following Company for failing to file the
document indicated within the required time period:

                                                             Period Ending
Symbol     Company         Failure to File                          (Y/M/D)

("PST.H")  PsiNaptic Inc.  annual audited financial statements    08/09/30
                           management discussion & analysis       08/09/30
                           certification of annual filings        08/09/30

Upon revocation of the Cease Trade Order, the Company's shares will remain
suspended until the Company meets TSX Venture Exchange requirements.
Members are prohibited from trading in the securities of the company during
the period of the suspension or until further notice.

TSX-X
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