Mr. Jay Bedard reports

CLOUD DX ANNOUNCES PROPOSED $2.8 MILLION PRIVATE PLACEMENT

Cloud Dx Inc. has arranged a non-brokered private placement for gross proceeds of up to $2.8-million through the issuance of up to 23,333,334 units of the company at a price of 12 cents per unit. The company reserves the right to oversubscribe the private placement by up to $500,000, pursuant to which the company may sell an additional 4,166,667 units, should there be significant additional demand.

Each unit shall consist of one common share in the capital of the company and one transferable share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share at a price of 18 cents per share until 36 months following closing.

Finders' fees may be payable in accordance with the policies of the TSX Venture Exchange. The net proceeds of the private placement will be used by the company for general working capital.

The private placement remains subject to approval of the exchange. All securities issued in connection with the private placement will be subject to a statutory hold period expiring four months and one day from issuance in accordance with applicable securities legislation. Insiders may participate in the private placement. The extent of insider participation, if any, has not yet been determined.

On March 19, 2024, the company announced that a group of investors had agreed to convert an aggregate principal amount of $3,187,000, along with aggregate interest of $1,007,070, prior to the applicable maturity date, into common shares of the company at an average price of 15.4 cents per share. Investors then agreed to pool an aggregate of 26,411,896 common shares issued to them in connection with the conversion of the convertible debentures until the earlier of 24 months and date on which the closing price is equal to or greater than 50 cents per share for a period of 10 consecutive trading days.

About Cloud DX Inc.

Accelerating digital health care, Cloud DX is on a mission to make health care better for everyone. The company's Connected Health remote patient monitoring platform is used by health care enterprises and care teams across North America to virtually manage chronic disease, enable aging in place and deliver hospital-quality postsurgical care in the home. The company's partners achieve better health care and patient outcomes, reduce the need for hospitalization or readmission, and reduce health care delivery costs through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPrize, winner of 2022 Top Innovator from Canadian Business, a 2021 Edison Award winner, a Fast Company World Changing Idea finalist and one of Canada's Ten Most Prominent Telehealth Providers. Cloud DX is an exclusive partner to Medtronic Canada, Teladoc Health Canada and Sanrai International.

We seek Safe Harbor.