Mr. David Gane reports

LED MEDICAL DIAGNOSTICS ANNOUNCES ISSUANCE OF SENIOR SECURED DEBENTURES TOTALING US$500,000

LED Medical Diagnostics Inc. is completing the second tranche to the previously announced debenture financing as disclosed in a news release by LED on July 22, 2015. In this second tranche, the company will issue $500,000 (U.S.) of 10-per-cent senior secured debentures each in the amount of $10,000 (U.S.) and maturing after 12 months. The debentures are being issued as part of a non-brokered private placement of units, with each unit consisting of: (i) a debenture; and (ii) 7,143 common share purchase warrants of the company. The lender for all debentures will be the Bloom Burton Healthcare Lending Trust. The subscription price for each unit is $10,000 (U.S.). The company is granting the warrants as a loan bonus in accordance with exchange Policy 5.1 of the TSX Venture Exchange, and each such warrant will entitle the holder thereof to acquire one common share in the capital of the company for 28 U.S. cents for a period of 12 months from the closing of the issuance of the debentures.

The proceeds will be used by LED for general corporate purposes.

All securities issued in connection with the transaction are subject to a hold period expiring four months after the closing date.

The completion of the private placement is subject to final approval of the TSX Venture Exchange, which will be evidenced by the issuance of the exchange bulletin.