Mr. Mayco Quiroz reports

TENET ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $3M

Tenet Fintech Group Inc. intends to conduct a private placement financing by selling up to 30 million units, with each unit priced at 10 cents for gross proceeds of up to $3-million.

Each unit comprised one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of 20 cents for a period of 36 months from the date of issuance thereof. After a period of 12 months from the date of their issuance, if, at any time the price of the common shares closes at or above 30 cents for 10 consecutive trading days, the expiry date of the warrants will be reduced to 30 days. Any warrants remaining unexercised after the accelerated expiry date will be cancelled.

Certain qualified individuals and registered investment dealers may assist the company with respect to the offering by introducing potential subscribers to the company, and, in connection therewith, may receive from the company, if agreed upon between the company and the applicable finders and subject to compliance with securities laws, a cash finders' fees equal to 8 per cent of the gross proceeds raised and a number of finders' warrants equal to 8 per cent of the number of units placed. Each finder's warrant will entitle the holder thereof to subscribe for one common share at a price of 20 cents during the 36 months following their issuance, subject to the accelerated expiry date conditions.

The units will be eligible for RRSP (registered retirement savings plan), RESP (registered education savings plan), RRIF (registered retirement income fund), TFSA (tax-free savings account) and DPSP (deferred profit sharing plan) accounts within the meaning of the Income Tax Act (Canada), subject to certain qualifications, and will be offered and sold by private placement in Canada to accredited investors within the meaning of National Instrument 45-106 -- Prospectus Exemptions and under the applicable securities laws.

The securities issued in connection with the offering are subject to a hold period of four months and one day from the closing date of the offering. The offering is expected to close on or before Aug. 30, 2024. The offering presents both an opportunity for certain strategic investors to take an equity position in the company and for Tenet to continue to advance the commercialization process of its ie-Pulse product offering, for which Tenet intends to use the net proceeds of the offering. Completion of the offering is subject to certain conditions precedent, including compliance with the policies of the Canadian Securities Exchange.

About Tenet Fintech Group Inc.

Tenet Fintech Group is the parent company of a group of innovative financial technology (fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B (business-to-business) transactions among its members.

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