Mr. Christopher Moreau reports

GREY MATTERS ACHIEVES FINAL MAJOR MILESTONE; RECEIVES RADIOACTIVE MATERIALS LICENSE FROM STATE OF FLORIDA FOR ITS FLAGSHIP NOVASCAN NEUROIMAGING CLINICS(TM) LOCATION

Grey Matters Health Inc. has now received its radioactive materials licence (RML) from the State of Florida for its flagship NovaScan Neuroimaging Clinics location, scheduled to open by Sept. 30, in Davie, Fla.

"This was the last major regulatory step required for the clinic as we continue to advance through our final preparations for opening," said Christopher J. Moreau, chief executive officer of Grey Matters Health. "With our expanded focus and investment in dedicated brain PET neuroimaging, we are very close to the start of a new era for the company, our shareholders, our strategic partners, and our referring network and their patients."

About Grey Matters Health Inc.

Grey Matters is a Canadian health care company focused on the provision of brain dedicated PET scanning services through a planned network of new neuroimaging clinics in the United States for the early-stage detection of Alzheimer's disease and other forms of neurodegenerative diseases, including frontotemporal dementia, Parkinson's and Lewy body dementia, and will additionally offer other select neuro-oncology imaging applications too.

The Grey Matters Health business plan is to open a national chain of its NovaScan Neuroimaging Clinics throughout the U.S.

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