Bionik Laboratories Corp. (OTCQB: BNKL), a global robotics company focused on providing rehabilitation and assistive technology solutions from hospital to home for individuals with neurological and mobility challenges, today issued the following letter to its stockholders:

Dear Bionik Stockholders:

I joined Bionik Laboratories as CEO in September 2017, having served as a director of the Company for the previous two months. A focus on evidence-based medicine to drive sales and marketing coupled with an innovative clinical product platform drew me to this opportunity. Over the past seven months we made excellent progress, particularly in pursuit of our global commercialization objectives targeting hospitals and mass markets.

More specifically, during fiscal year 2018, which ended March 31, 2018, we took a number of financial and operational steps to position the Company for meaningful growth. Highlights from the second half of the fiscal year include:

• Taking steps to simplify and strengthen the Company's capital structure and balance sheet
• Launching the next-generation InMotion™ Arm
• Improving the supply chain with the outsourcing of manufacturing
• Bolstering our management team and corporate governance
• Expanding our global footprint with a distribution agreement with Curexo of South Korea and shipping our first systems to them

Capital Structure

From December 2016 through March 2018, we were successful in raising a total of approximately $9.1 million through the issuance of convertible promissory notes, a significant amount of which was from existing investors and two of our directors. At the close of fiscal year 2018, we strengthened our balance sheet with the conversion of all of these notes into shares of our common stock issued, or to be issued when we have sufficient authorized shares of common stock to do so. With the conversion, we do not need to raise funds for the purpose of paying back indebtedness, a major impediment to finding capital to further grow our business, and will no longer have the overhang on our stock when all of the shares underlying the promissory notes are fully issued. As of March 31, 2018, we have issued 147,805,371 shares of common stock upon conversion, representing approximately 78.8% of the notes converted, and have a commitment to issue an additional 39,545,776 shares of common stock underlying the promissory notes as soon as we have the required authorized shares available. Further details are described in our Form 8-K filing with the Securities and Exchange Commission on April 3, 2018.

We are now evaluating additional changes to our capitalization to further strengthen our Company, to allow us to issue the remaining shares underlying the converted promissory notes and to increase our stock price to the minimum required under exchange listing standards.

Review of Operations

We launched our next-generation InMotion Arm interactive robotic system for the clinical rehabilitation of stroke survivors and those with mobility impairments due to neurological conditions. This new generation of InMotion Arm provides a commercial product with the same innovative, active-assisted robotic therapy clinically proven with the previous generation dedicated to R&D, but with a modern design that is smaller and sleeker and intended to be used with a large number of patients. We have already sold and placed units of this InMotion Arm system within rehabilitation hospitals, which includes Saint Luke's South Hospital in Overland Park, Kansas and Bacharach Institute for Rehabilitation in Pomona, New Jersey, along with other prestigious hospitals.

We entered into an agreement with Cogmedix Inc. for the production of our new InMotion Arm systems. Cogmedix, a wholly owned subsidiary of Coghlin Companies, Inc., is a premier medical device development and manufacturing company based in Worcester, Massachusetts. The initial agreement is for turnkey, compliant manufacturing, and providing the possibility to ramp-up in volume as the Company continues to receive positive feedback from the market. Our expectations are that commercial manufacturing for this product will be completely outsourced to Cogmedix by the middle of this calendar year, while Bionik will maintain in-house capabilities for research and development activities.

I am delighted to report that we shipped our first three InMotion Robotic Systems to Curexo in South Korea. We signed an agreement in early March for Curexo to be the exclusive distributor of our systems in South Korea, while Bionik was provided exclusive rights to distribute Curexo's Morning Walk lower body rehabilitation technology within the United States. The two companies complement their product portfolios to offer a comprehensive rehabilitation platform to customers in their respective markets. These shipments will be recognized as sales in our fiscal fourth quarter and validate this agreement, which clearly is off to a robust start. We expect continued success with Curexo this coming year.

Management and Corporate Governance

We made a number of management and corporate governance changes over the past several months as a consequence of our restructuring. In September 2017, we appointed Remi Gaston-Dreyfus, private investor and founder and president of RGD Investissements S.A.S, a private investment company, to the board. In January 2018, Andre-Jacques Auberton-Herve, a world class entrepreneur in the high-tech industry, was named chairman of the board, replacing Peter Bloch who subsequently left the board. Mr. Auberton-Herve was a co-founder and CEO of Soitec SA, a publicly traded company on the Euronext Paris stock exchange, which designs and manufactures innovative semiconductor materials.

More recently, in March 2018 we named Peter Gerald Malone and Joseph Martin to our board of directors. Mr. Malone has extensive financial services experience and served as chairman of Aberdeen Asia-Pacific Income Fund, a U.S. closed-end mutual fund, a Member of Parliament in the U.K. from 1983 to 1997 and as Minister of State for Health in John Major's government from 1994 to 1997. Mr. Martin is chairman of Brooks Automation, a global provider of automation, vacuum and instrumentation solutions, and has served on the boards of multiple publicly traded companies including Collectors Universe, Fairchild Semiconductor, ChipPAC and Soitec. In 2000 CFO Magazineawarded Martin the CFO of the Year award for turnaround operations.

With these changes Bionik now has seven directors, including three independent directors. We believe our board has the talent to provide meaningful contributions and counsel to help guide management in the execution of our growth strategy and serve our shareholders. Our board has extensive experience with public companies, finance, marketing and/or healthcare systems.

Fiscal Year 2019 Milestones

We are excited about our plans for the coming fiscal year, and believe we have solidified the base upon which we will build the business. In the coming 12 months we expect to achieve the following:

• Launch the second generation of InMotion Hand and InMotion Wrist to rehabilitation centers and hospitals
• Continue and extend commercial development in North America and abroad
• Further develop the InMotion robotic system family for in-home use
• Continue development of our first lower-cost, lower limb assistive exoskeleton focused on the large and expanding market for the aging population in conjunction with Wistron Corporation, our co-development partner
• Continue the transition to outsource all commercial-manufacturing to support the expected increase in demand for our products
• Work towards an uplisting of our common stock to an accredited U.S. exchange

It is a fascinating time to be working in healthcare as the adoption of new technologies like robotics and artificial intelligence continues to grow. Bionik Laboratories is establishing itself as a leader in clinical rehabilitation and is pushing forward aggressively to enter the consumer health products market. On behalf of the entire Bionik management team and our board of directors, I would like to thank you for your continued support of our company and our mission.

Sincerely,

Eric Dusseux, M.D.
Chief Executive Officer

April 3, 2018

About Bionik Laboratories

Bionik Laboratories (OTCQB: BNKL) is a global robotics company focused on providing rehabilitation and mobility solutions to individuals with neurological and mobility challenges from hospital to home. The Company has a portfolio of products focused on upper and lower extremity rehabilitation for stroke and other mobility-impaired patients, including three products on the market and four products in varying stages of development.

For more information, please visit www.bioniklabs.com and connect with us on Twitter, LinkedIn, and Facebook.