Mr. Scott Thomas reports

CERTIVE REPORTS OFFERING UPDATE AND DEBT SETTLEMENT

Certive Solutions Inc. has provided an update.

Amendment of current offering

As a result of recent market conditions, the board has approved amending its current offering, which is the non-brokered private placement disclosed in a previous press release dated Jan. 16, 2023. The funds received from this offering are being utilized for the purpose of establishing new product lines for clients, building out its subsidiary (Certive Health Compliance Solutions), deploying technology to enhance its core business by mixing data with artificial intelligence to provide insights that improve efficiency, and other cash flow needs of the company. The offering consists of 40 $25,000 (U.S.) units, and each unit shall now include the following:

• $25,000 (U.S.) for 312,500 shares of Certive at a deemed value of eight U.S. cents per share;
• 156,250 share purchase warrants for common shares of Certive, which have a term of two years and are exercisable at 14 U.S. cents per share;
• The funds received for this offering will accrue simple interest of 10 per cent per year, which will be settled at closing with additional shares of Certive at a deemed value of eight U.S. cents per share.

Debt settlement

Certive has also conducted a board-approved debt settlement program for past due amounts owed for professional services rendered to the company by certain former and current consultants, vendors, employees, officers and directors of the company, which include Certive's chief executive officer, chief financial officer and corporate secretary. The company offered to settle such debts with shares of common stock based on a deemed value of eight U.S. cents per share. A total of $596,800 (U.S.) of such debt has been settled for 7.46 million shares of Certive's common stock at a deemed price of eight U.S. cents per share. This conversion illustrates the confidence of those lenders in the long-term success of the company, and better positions the company by reducing its debt and continuing interest expense.

Conversion of note

On May 31, 2023, a lender to the company opted to convert a convertible promissory note's principal and accrued interest, totalling $66,453.56, into 1,107,559 shares of the company's common stock at the note's conversion rate six U.S. cents per share.

About Certive Solutions Inc.

Certive Solutions is currently 100 per cent focused on the operations and value proposition of its wholly owned subsidiary, Certive Health Inc., and its subsidiaries, Certive Health Revenue Solutions and Certive Health Compliance Solutions. With identical board of directors, management, advisory council, mission and vision, Certive Solutions is strategically positioned as a public company. All advisers and board members are investors in the company -- all have significant networks. Their collective experience, expertise and relationships are the people equity upon which the company was founded. Certive Health's vision is making the $3.7-trillion health care market better by applying its people equity and capital to create solutions in the health care communities it serves. Certive Health's revenue cycle services assist hospitals with the complexity of the reimbursement process and improve their financial and quality performance. Certive Health's cybersecurity solutions allow health care providers to protect their networks, data and patients from malicious agents and aggressors.

We seek Safe Harbor.