Mr. Jim Payne reports

DYNACERT LAUNCHES $6,000,000 NON-BROKERED PRIVATE PLACEMENT OF EQUITY

DynaCERT Inc. has initiated a non-brokered private placement of equity of up to 40 million units. Each unit shall be priced at 15 cents per unit for a total maximum offering of $6-million.

Each unit consists of one common share of the company and one-half of a common share purchase warrant. Each whole warrant is exercisable into one common share at an exercise price of 20 cents per warrant at any time for a period commencing upon the closing of the offering for a period of 36 months thereafter. The closing date will occur on or about Oct. 31, 2023, or such date as determined by the company in consultation with its financial adviser.

If at any time after the date that is four months and one day after the closing date, the closing trading price of the common shares on the Toronto Stock Exchange is greater than 35 cents per common share for a period of 10 consecutive business days, then the company may give notice thereof to the holders of the warrants and, in such case, the expiry time of the warrants shall be accelerated and shall be the 30th day after the date on which such notice is deemed to have been given by the company.

The gross proceeds of the offering will be used to finance sales of the company's HydraGEN technology products to participants in the mining, oil and gas, transportation, and generator sectors on a global basis, for working capital, for general corporate purposes, an equity investment in Cipher Neutron Inc., and to settle advisory fees and permitted finders' fees under applicable securities legislation, including advisory fees payable to Canaccord Genuity Corp., a financial adviser to the company.

The offering will be offered for sale to purchasers (i) in all provinces of Canada pursuant to available private placement exemptions, (ii) in the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended, and (iii) in offshore jurisdictions as may be agreed to by the company pursuant to available prospectus or registration exemptions in accordance with applicable laws.

The units will be qualified investments eligible for RRSP, RESP, RRIF, TFSA and DPSP accounts in Canada.

The units (and underlying securities) shall be subject to a statutory hold period that will extend four months plus one day from the closing date.

Subject to applicable securities regulation, the company may pay finders fees consisting of up to 5 per cent cash and 5 per cent dealer warrants in connection with the offering. The dealer warrants shall bear the same terms as the terms of the offering.

Closing of the offering is subject to completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

About DynaCERT Inc.

DynaCERT manufactures and distributes carbon emission reduction technology along with its proprietary HydraLytica Telematics, a means of monitoring fuel consumption and calculating GHG (greenhouse gas) emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines.

We seek Safe Harbor.