Dr. David Gane reports

LED MEDICAL DIAGNOSTICS ANNOUNCES A NEW BOARD CHAIR AND NEW DIRECTORS

Darryl J. Yea has accepted the position of LED Medical Diagnostics Inc.'s chair of the board of directors. Mr. Yea has served as a director of LED Medical since 2011. He is the president of Investco Capital Management Inc. "We are very pleased that Darryl has agreed to become chair," stated Dr. David Gane, chief executive officer, LED Medical. "His extensive business and investment knowledge, and experience are expected to further enhance LED Medical's leadership as we continue to rapidly expand the company's product portfolio, and forge further in-roads into national and international markets."

At LED Medical's annual general meeting held on Aug. 28, 2014, Dr. Gane, Lamar Roberts, president of the company's wholly owned operating division, LED Dental, and Al Fiore, the chairman and CEO of PowerWorks, a leading provider of high-end electrical contracting services, were also appointed to the board of directors. Mr. Fiore has extensive experience in the dental market. He served as senior vice-president of corporate development and marketing for PracticeWorks Inc. from its inception until its acquisition by the Eastman Kodak Company in 2003. Dr. Gane, Mr. Roberts and Mr. Fiore were members of a dynamic group of executives that built PracticeWorks into one of the largest technology companies in the oral health care sector. In addition, Peter Whitehead, the founder and former CEO of LED Medical, has decided to step down as a director and pursue his interests as a medical inventor. Mr. Whitehead will serve as a consultant to LED Medical for the next year. "Peter has been unwavering in his support of the new management team at LED Medical," stated Dr. Gane. "He has voluntarily transitioned out of his role as CEO in October, 2013, to concentrate on research, development, special projects and business opportunities for the company," added Dr. Gane. "At his very core, Peter is a pioneer in the field of medical technology, and he has recently taken three projects from concept to human use. I believe that his ingenuity, dedication to science and passion for innovation will continue to be a driving force in his career."

Keith Smith has also decided to step down as a director. "The board, and all the team members of LED Medical and its subsidiaries wish to thank Peter and Keith for their vision, dedication and contributions to the company during their tenures," continued Dr. Gane.

LED Medical has retained Brooks Communications to provide strategic investor relations and financial communications services. Brooks Communications is a Canadian company headquartered in Toronto, Canada. Over the last 15 years, Brooks Communications has provided strategic communications services to Canadian and United States-based public companies across a variety of sectors. The principal and owner of Brooks Communications is Beverly Brooks. The contract with Brooks Communications will commence on Sept. 10, 2014, and will expire on Sept. 10, 2015. Brooks Communications will be paid fees of $9,000 per month for its services during the term of the contract.

Exercise of warrants creates additional working capital

LED Medical is also pleased to report that between Aug. 12, 2014, and Aug. 29, 2014, it has received an injection of $2.18-million through the conversion of warrants to common shares. The additional capital raised will be used to help finance the company's aggressive sales and marketing initiatives as well as research and development, and operations.

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