Mr. Marshall Gunter reports

DATAMETREX PROVIDES UPDATES ON THE CANADIAN GOVERNMENT AI PROJECT

Datametrex AI Ltd. has provided an update to its wholly owned subsidiary, Nexalogy Environics Inc. Further to the news release announced on May 1, 2023, which highlighted the successful completion of phase 2 of the Canadian government AI (artificial intelligence) project, the criteria for completion of the R&D (research and development) phase of the project have been met and the project will be transitioning into the next phase, toward commercialization. The advancement to the next phase will allow Nexalogy to apply its initiatives on a larger scale.

During this next phase, the government will rigorously assess the readiness of the work in real-world environments specifically tailored for its audiences.

With the project moving beyond purely R&D and into complete and qualified levels, the current R&D project funding sources will need to be replaced with higher-level and expanded funding sources. The Canadian government remains committed to the program and intends to continue the project to completion.

The company continues to work closely with the companies and clients collaborating on the project to ensure all goals can be met while another funding source is identified. Any continuing operational activities are unaffected. The company will provide further updates to investors as developments progress.

"We are pleased about the progress made in collaboration with our partner companies and the Canadian government to enhance the NexaSmart technology for crucial cybersecurity initiatives. By moving to real-world testing, we believe this technology has the potential to play a pivotal role in safeguarding critical information for military and government applications and look forward to entering the next phase of the project," said Marshall Gunter, chief executive officer of the company.

About NexaSmart

NexaSmart reduces the time needed to interpret and integrate large sets of data by offering powerful automated analyses. Rather than replacing the human analyst, an analyst sets the parameters of the data collection by keywords and other social media information (for example, user names and links). This allows for the identification of data needing extraction and analysis. NexaSmart extracts the relevant data and produces automated reports, thus allowing clients to work with a more manageable information set. NexaSmart allows an analyst to deal with hundreds of thousands of social media documents in minutes rather than hours or days.

Analysts can specify filters on the data to get automatic reports on subsets of the data focusing on specific times, entities, social media users or topics. The resulting reports are delivered either as PDFs, documents or through API (application programming interface) for further processing. The report generation can be scheduled to occur either at regular intervals or to be triggered by specific changes in the conversation (for example, a sudden increase in volume or an increase in mentions of a particular named entity).

Lastly, NexaSmart analysis helps the user to easily access the required information and helps to detect patterns that currently go unrecognized. This is needed in both the context of the short game of crisis reporting and the long game of identifying narratives, as discussed within the BEND (build/engage/neutralize/distract) framework.

About Datametrex AI Ltd.

Datametrex AI is a technology-focused company with exposure to artificial intelligence, machine learning and telehealth and has recently entered the electric vehicle (EV) market. Datametrex's mission is to provide tools and solutions that support companies in fulfilling their operational goals, including health and safety, with predictive and preventive technologies. By working with companies to set a new standard of protocols through artificial intelligence and health diagnostics, the company provides progressive solutions to support the supply chain.

We seek Safe Harbor.