Mr. Paul Duffy reports

AI/ML INNOVATIONS APPOINTS LYNN CHAPMAN AS CHIEF FINANCIAL OFFICER AND ANNOUNCES SHARE ISSUANCE FOR DEBT SETTLEMENT

AI-ML Innovations Inc. has appointed Lynn Chapman, CPA, CA, as chief financial officer of the company, effective Oct. 1, 2026.

Mr. Chapman is a chartered professional accountant of Alberta with more than 15 years of financial and managerial experience. Throughout his career, he has provided business management, accounting, financial reporting and advisory services to publicly listed issuers on the Toronto Stock Exchange, TSX Venture Exchange and Canadian Securities Exchange, as well as to private companies across a range of industries and international jurisdictions. Mr. Chapman began his professional career with KPMG LLP after graduating from Mount Royal University with a bachelor's of business administration.

Paul Duffy, executive chairman and chief executive officer of AI-ML, commented: "We are pleased to welcome Lynn Chapman as AI-ML's chief financial officer. Lynn brings strong public-company reporting experience, financial discipline and advisory expertise across multiple markets and industries. As AI-ML continues to advance its digital health platforms, regulatory initiatives, partnerships and commercialization strategy, his financial leadership will be an important addition to the executive team. We also extend our sincere thanks to Terence Lee for his work and contributions to the company."

Lynn Chapman, chief financial officer of AI-ML, commented: "I am pleased to join AI-ML at an important stage in the company's development. AI-ML is building a differentiated platform at the intersection of artificial intelligence, digital health and regulated medical technology. I look forward to supporting the company's financial reporting, governance and growth strategy as it continues to execute on its business objectives."

Mr. Chapman replaces Terence Lee, who has served as chief financial officer of AI-ML. The company thanks Mr. Lee for his contributions and service to AI-ML and wishes him well in his future endeavours.

Debt settlement

The company is also pleased to announced that it has entered into agreements with certain service providers of the company pursuant to which the company proposes to issue an aggregate 7,744,062 common shares at a deemed price of five cents per subject share in consideration of past services and satisfaction of outstanding indebtedness.

The issuance of the subject shares remains subject to the approval of the Canadian Securities Exchange.

Insiders of the company expect to purchase, directly or indirectly, an aggregate of 4,900,001 subject shares, as a result of which the issuance is a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 on the basis that the company is listed on the Canadian Securities Exchange and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the subject shares, insofar as it involves the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

About AI-ML Innovations Inc.

AI-ML Innovations is a global technology company pioneering the use of artificial intelligence and neural networks to transform digital health. The company's proprietary platforms leverage advanced signal processing and deep learning to convert complex biometric data into actionable insights -- supporting earlier diagnosis, personalized treatment and more effective care.

AI-ML's common shares trade on the Canadian Securities Exchange (CSE: AI-ML), the OTCQB Venture Market (AI-MLF) and the Frankfurt Stock Exchange (42FB).

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