Mr. Francois Roberge reports

LSL PHARMA GROUP SECURES $1.5 MILLION AS THE FIRST CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT

LSL Pharma Group Inc. has met the closing conditions of a non-brokered private placement for $1.5-million, representing the first closing of the private placement financing announced on June 5, 2024.

Pursuant to the Financing, the Corporation has issued 3,727,000 units (the "Units") at a price of $0.40 per unit for aggregate gross cash proceeds of $1,490,800 out of a maximum of $3.0 million (7.5 million Units). Each Unit consists of one class A share of the Corporation (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder, subject to adjustments in certain cases, to purchase one (1) Common Share (a "Warrant Share") at a price of $0.70 for a period of 24 months following the closing of the Financing. The proceeds of the Financing will be used to further expand production capacity at each of the LSL Laboratory and Steri-Med Pharma plants and for general working capital purposes.

"We are encouraged by the sustained interest in our Company as demonstrated by the continued demand from new investors to participate in our financings" said Francois Roberge, President and CEO of the Corporation. "LSL Pharma is experiencing continuous organic growth as well as expansion of its operations following the recent acquisition of Virage Sante. This financing will help us maintain a healthy balance sheet as we continue executing our growth plan", added Mr. Roberge.

In connection with this Financing, the Corporation paid to finders dealing at arm's length with the Corporation, finders' fees for a total of $37,790 in cash and issued 94,475 finders' warrants. Each Finder's Warrant entitles the holder to purchase one (1) Common Share at a price of $0.70 for a period of 18 months following the closing of the Financing.

Each issued Unit, Common Share, Warrant, Warrant Share, Finder's Warrant and Common Share issued upon the exercise of the Finder's Warrant will be subject to a four month hold period under the applicable securities laws. The Financing is subject to the regulatory approvals, including the TSX Venture Exchange.

ABOUT LSL PHARMA GROUP INC.

LSL Pharma Group Inc. is an integrated Canadian pharmaceutical company specializing in the development, manufacturing, and commercialization of high-quality sterile ophthalmic pharmaceuticals, as well as natural health products in solid dosage forms. For further information, please visit the following website www.groupelslpharma.com .

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