Mr. Etienne Grima reports

CARDIOCOMM SOLUTIONS INC. ANNOUNCES INSIDER PURCHASE OF THIRD-PARTY LOAN

Cardiocomm Solutions Inc.'s chief executive officer, Etienne Grima, has purchased from one of the company's lenders a loan with a principal value of $80,000.

The loan represents a portion of original loans totalling $600,000, which were first announced by the company on Dec. 21, 2016. Over time, the company has disclosed extensions of these loans in press releases, during which portions of the original debt were progressively retired.

This acquisition constitutes a private asset purchase by the CEO, who has personally assumed the lender's position in the loan.

As a result of this transaction, all of Cardiocomm's debt is now held by insiders of the company. This consolidation of obligations under insider ownership reflects management's continued confidence in Cardiocomm's strategic direction and strengthens the company's ability to advance its commercialization plans without reliance on third party debt providers.

Cardiocomm reiterates that the loan terms remain unchanged, and the purchase does not alter the company's financial reporting obligations. The acquisition of the loan by Mr. Grima was unanimously approved by the directors of the company.

Voluntary disclosure

The company is providing disclosure of this private transaction on a voluntary basis in the interest of transparency to shareholders. The disclosure also ensures continued compliance with the requirements of Leede Financial Inc., which facilitated as agent and administered the loan in prior reporting periods.

The company notes that this transaction is a private asset purchase between the CEO and a third party lender. The loan remains on the same terms and conditions as previously disclosed by the company, and no new securities of Cardiocomm are issuable in connection with this transfer.

The transaction does not constitute a related party transaction under Multilateral Instrument 61-101 and does not trigger a TSX Venture Exchange review. The transfer represents only a change in beneficial ownership of the loan, and therefore does not require TSX-V approval.

This transaction does not involve the issuance of new securities, material amendments to the debt instrument or a transaction that would materially affect control of the company.

We seek Safe Harbor.