Ms. Cathy Hume reports

TENET CLOSES FIRST TRANCHE OF NON-BROKERED FOLLOW UP PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF $865,000

Tenet Fintech Group Inc. has closed a non-brokered private placement financing by selling 8.65 million units to accredited investors within the meaning of National Instrument 45-106 -- Prospectus Exemptions and under the applicable securities laws, with each unit priced at 10 cents for gross proceeds of $865,000. The financing 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 financing comprised one common share of the company and one common share purchase warrant. Each warrant entitles 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 (the accelerated expiry date). Any warrants remaining unexercised after the accelerated expiry date will be cancelled.

Certain qualified individuals and registered investment dealers (finders), who assisted the company with respect to the financing, received from the company, in 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 entitles the holder thereof to subscribe for one common share at a price of 20 cents during the 36 months following its issuance, subject to the accelerated expiry date conditions.

The securities issued in connection with the financing are subject to a hold period of four months and one day from the closing date of the financing.

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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