Mr. Guy D'Aoust reports

COURT APPROVAL OF A RESTRUCTURING TRANSACTION ALLOWING CONTINUATION OF UNINTERRUPTED OPERATIONS

In connection with the proceedings initiated on June 23, 2026, by the Royal Bank of Canada (the applicant) in its capacity as a secured creditor (the CCAA proceedings), the Quebec Superior Court (Commercial Division) has issued an order approving the acquisition of all of the equity interests in three affiliates of Premier Health of America Inc., namely Solutions Staffing Inc. (SSI), Canadian Health Care Agency Ltd. (CHCA) and Premier Soin Nordik Inc./Premier Health Nordik Inc. (Nordik Quebec), by way of reverse vesting orders.

Polar Valley Investments Ltd., which owns a number of health care companies, was selected as the successful bidder by FTI Consulting Canada Inc., in its capacity as court-appointed monitor in the CCAA proceedings. The transaction is structured as share subscriptions pursuant to which Polar will subscribe for newly issued shares of each of SSI, CHCA and Nordik Quebec, and all existing equity interests in SSI, CHCA and Nordik Quebec will be cancelled without consideration. In accordance with the approval and reverse vesting orders, certain assets and liabilities of SSI, CHCA and Nordik Quebec will be excluded and vested in an affiliate of the company, 10544485 Canada Inc. and not transferred as part of the transaction.

The transaction will preserve going concern operations of SSI, CHCA and Nordik Quebec, and is expected to close on or around July 10, 2026. Clients of SSI, CHCA and Nordik Quebec should expect no changes to day-to-day operations and service levels. The company's focus remains on delivering reliable, high-quality health care solutions and ensuring continuity of service for the organizations and communities served.

Documents relating to the restructuring process, such as the approval and reverse vesting orders, the monitor's reports to the court, are available on the monitor's website. Readers are invited to consult the full text of all of these documents for further, more detailed, information.

Trading in the company's common shares on the TSX Venture Exchange has been halted. The common shares will remain halted until such date that the TSX-V determines.

We seek Safe Harbor.