Mr. Jeff Collins reports

MEDIPATTERN CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT FINANCING

The Medipattern Corp. has completed the first tranche of a brokered private placement financing with Industrial Alliance Securities Inc. as the lead agent for aggregate gross proceeds of $1,792,500. Medipattern issued 7.17 million units at a price of 25 cents per unit.

Each unit consists of one common share and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of 30 cents per common share at any time on or before the date that is 60 months following the closing of the offering, provided that if, at any time after the date which is four months and one day following the closing date of the offering, the volume-weighted average closing price of the common shares of Medipattern on the principal market on which such shares trade is equal to or exceeds 60 cents for 20 consecutive trading days, Medipattern may accelerate the expiry date of the warrants, in which event the warrants will expire upon the date which is 20 days following the dissemination of a press release by Medipattern announcing the accelerated expiry date.

In connection with the offering, Medipattern paid an aggregate amount of $71,700 in cash agency fees and also issued an aggregate of 573,600 agent warrants. Each agent warrant entitles the holder thereof to acquire one common share of Medipattern at a price of 25 cents per agent warrant at any time on or before the date that is 24 months following the closing of the offering.

All securities issued pursuant to the offering are subject to a four-month-and-one-day hold period from the closing of the offering as required by applicable securities legislation and the rules of the TSX Venture Exchange.

Medipattern plans to use the proceeds from the proposed private placement financing to provide working capital for its current business, including its focus on commercializing Visualize:Vascular, and upon closing of the transaction with MyTrak Health System Inc. announced on May 28, 2012, to expand the business unit of MyTrak Mobile Health Solutions.

We seek Safe Harbor.