Mr. Rembert de Villa reports

CARESPAN ANNOUNCES INTERIM FINANCING

Carespan Health Inc. has arranged an interim debt financing in the aggregate amount of $270,000 (U.S.) with: (a) an insider of the company, William Bradford White (in the amount of $120,000 (U.S.)); (ii) the chief executive officer and director of the company, Rembert de Villa (in the amount of $100,000 (U.S.)); and (iii) ICME Healthcare GmbH (in the amount of $50,000 (U.S.)).

Pursuant to the terms of the loan, the company will receive a term loan in the aggregate amount of $270,000 (U.S.). The loan is unsecured and matures in one year from the date of issuance, when the principal and all accrued and unpaid interest are due in full. The loan bears interest at a rate of 12 per cent per annum. Payment of the loan and accrued interest may be accelerated by the company at any time without any penalty. Pursuant to the terms of the loan, the lenders have the option in the future to convert, fully or partially, the outstanding loan and accrued interest into common shares in the capital of the company solely during periods in which the company is undergoing a qualified equity financing by way of debt, equity or some combination thereof for aggregate gross proceeds of at least $1-million. If the conversion option is exercised by the lenders, the company will be required at that time to make an application for approval of the conversion option by the TSX Venture Exchange in accordance with its private placement policies.

The proceeds from the loan will be used to: (i) finance capital and related expenditures for existing projects; and (ii) provide general working capital to help finance the company's growth opportunities.

The loan constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, as the lenders are related parties of the company, given that: (i) Mr. White holds greater than 10 per cent of the company's shareholdings; (ii) Mr. de villa is the chief executive officer of the company; and (iii) Holger Micheel-Sprenger (a current director of the company) is the managing director of ICME Healthcare and is the chief executive officer and a shareholder of its parent company, ICME International AG. The company has relied on exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 from the valuation and minority shareholder approval requirements in MI 61-101 in respect of the loan since the fair market value of the loan does not exceed 25 per cent of the company's market capitalization.

The company will file a material change report in respect of the loan. The material change report will be filed less than 21 days prior to the closing of the loan since the terms and conditions of the loan were not agreed upon until shortly prior to closing of the loan.

About Carespan Health Inc.

Carespan is a health care technology and services company that has developed and deployed a unique, proprietary integrated digital care platform, Carespan Clinic in the Cloud, that creates easy access to care for the underserved. With a patient-centric approach focused on improving health outcomes, Carespan uses sophisticated digital tools and capabilities to improve patient outcomes in primary care, chronic care, urgent care and mental health. In addition to the integrated digital care platform, Carespan has built and deployed a business support infrastructure for its professional networks, American-Advanced Practice Network and AmericanMedPsych Network. American-Advanced Practice Network harnesses the clinical capabilities of nurse practitioners to address the shortage in primary and chronic care in the country. American-MedPsych Network brings together providers to tackle shortages mainly in mental health.

We seek Safe Harbor.