Mr. Mayco Quiroz reports

TENET ANNOUNCES NON-BROKERED FOLLOW UP PRIVATE PLACEMENT FINANCING OF UP TO $2M

Tenet Fintech Group Inc. intends to conduct a private placement financing by selling up to 20 million units with each unit priced at 10 cents for gross proceeds of up to $2-million. The offering is a follow-up to the private placement closed by the company on Sept. 4, 2024, and forms part of a series of capital raises by Tenet to finance the commercialization of its upcoming ie-Pulse product, to help meet certain anticipated strategic partnership obligations and for general working capital purposes.

Each unit of the offering will comprise 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 (the expiry date). 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 (finders) 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 finder's fee 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, RESP, RRIF, TFSA and DPSP 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. A first tranche of the offering is expected to close on or before Nov. 15, 2024. completion of the offering is subject to certain conditions, 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 and artificial-intelligence 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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