Mr. Michael McFadden reports

ALPHA COGNITION ANNOUNCES FOURTH CLOSING OF PRIVATE PLACEMENT AND CONTINUATION OF THE OFFERING

Alpha Cognition Inc. has completed a fourth closing pursuant to its previously announced private placement of units of the company. Pursuant to the fourth closing, the company issued 9,141,534 units of the company at a price of 22 U.S. cents per unit for gross proceeds of $2,011,138 (U.S.). Each unit consists of a common share and a warrant, with each warrant entitling the holder to purchase an additional common share at a price of 31 U.S. cents for a period of three years. The gross proceeds of the offering received to date are $4.7-million (U.S.). The company is continuing the offering of units on the same terms for up to an additional $1.8-million (U.S.).

The company expects to use the net proceeds from the private placement for research and development, general and administrative matters, and working capital. The company may complete additional closings pursuant to the private placement.