Ms. Hanna Ayyad reports

ARHT MEDIA ANNOUNCES CLOSING OF $2 MILLION PRIVATE PLACEMENT OF SECURED SUBORDINATED DEBENTURES

Arht Media Inc. has successfully closed a private placement of secured subordinated debentures in an aggregate of approximately $2.03-million principal amount.

The debentures mature on Aug. 3, 2025, and carry an annual interest rate of 15 per cent, accrued and payable semi-annually on each of June 30 and Dec. 31, payable in cash or shares at the option of the company, and subject to the approval of the TSX Venture Exchange. Subject to certain conditions, the company will have the right to prepay any or part of the debentures at any time prior to the maturity date by paying the principal amount of the debentures. The principal amount of the debentures are not convertible into common shares or any other securities of the company.

The debentures are secured by substantially all of Arht's assets. The security interest in collateral comprising accounts receivable and inventory will be subordinated to the company's current senior lender's security interest.

The debentures are subject to a four-month statutory hold period commencing on the date of their issuance. Subject to the foregoing, the debenture may not be assigned, transferred or resold, except upon the prior written consent of the company. An aggregate of $763,000 principal amount of the debentures were purchased by officers and directors of the company and are exempt from the formal valuation and minority approval provisions of National Instrument 61-101, Protection of Minority Security Holder in Special Transactions. The company has paid an aggregate of $11,100 in cash and issued an aggregate of 100,000 common shares as finders' fees to certain finders in accordance with TSX Venture Exchange policies.

The company intends to use the net proceeds from the private placement for general working capital purposes to support the company's growth.

About Arht Media Inc.

Arht is a pioneer and the global leader in live hologram technology. Thanks to its patented end-to-end technology, executives, medical experts, educators, entertainers and thought leaders can travel at the speed of light to any destination.

Arht was founded in 2014 and is publicly traded on the TSX Venture Exchange. Arht has offices in North America, Europe and Asia, and operates from its own studios in locations from Toronto to Sydney, as well as a large network of partner studios in every region.

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