Mr. Charles Park reports

DATAMETREX ANNOUNCES AGM RESULTS, NCIB UPDATES, AND OPTION CANCELLATION

Datametrex AI Ltd. has released the voting results from the annual and special meeting of shareholders held on Dec. 14, 2023.

At the meeting, a total of 47,237,387 shares or 11.7 per cent of the issued and outstanding shares of the company were represented in person and by proxy. Details of all resolutions that were voted upon are set out in the management information circular dated Oct. 26, 2023. The circular is available on SEDAR+.

All the resolutions submitted to shareholders were approved, including: electing three directors of the company: Charles Park, the Hon. James Peterson and Paul Haber; approving the company's new omnibus incentive plan; and approving a name change for the company.

Normal course issuer bid

The company is also pleased to announce results of the company's successful normal course issuer bid (NCIB) which commenced June 8, 2022, and which was subsequently amended to increase the maximum number of shares for repurchase to 34,789,603 shares. The NCIB terminated June 7, 2023, with the repurchase and cancellation by the company of an aggregate of 34,198,000 shares at an average cost of 10 cents per share for a total of $3,538,930 invested. The company paid PI Financial Corp. a total of $35,142.86 in fees to conduct the NCIB on behalf of the company. A copy of the company's notice with respect to the NCIB filed with the TSX Venture Exchange may be obtained by any shareholder without charge by contacting Mr. Park, chief executive officer, at cpark@datametrex.com.

Cancellation of options

The company also announces the cancellation of its plan to grant stock options (see press release dated Nov. 13, 2023) pursuant to the company's previous stock option plan.

While the grant was approved and announced on Nov. 13, 2023, the company has decided to cancel its plan to issue incentive stock options for the purchase of up to 24.5 million common shares. This decision is part of the company's continuing review and refinement of its compensation strategy.

About Datametrex AI Ltd.

Datametrex is an innovative leader in artificial intelligence, machine learning and health care. The company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.

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