Mr. Mitchell Geisler reports

LEVELJUMP HEALTHCARE CORP. ANNOUNCES NEW FINANCING

Leveljump Healthcare Corp. is undertaking a new preferred offering to investors.

The company plans to sell a total of five million units at $1 per unit which consist of (i) one common share of Leveljump, at an issue price of 10 cents per common share; and (ii) one 8 per cent cumulative redeemable convertible Class A Series 1 preferred share, at an issue price of 90 cents per preferred share.

Each preferred share is non-voting, carries a cumulative annual dividend of 8 per cent payable quarterly, along with a top up dividend of 25 per cent of the portion of Leveljump's EBITDA (earnings before interest, taxes, depreciation and amortization) that is above $2-million per year, divided by the then-outstanding preferred shares. The preferred shares are redeemable on the fifth anniversary after issuance at a price of $1 per preferred share (or at a price of $1.10 per preferred share if redeemed any time prior to the redemption date) together with all accrued and unpaid dividends. The preferred shares are also convertible, prior to being redeemed or called, into common shares of the company at a price of 40 cents per common share. Subject to applicable law and to certain exceptions, Leveljump may, at any time prior to the redemption date, purchase for cancellation all or any number of the preferred shares outstanding from time to time at any price in the open market if they are listed or posted for trading on a stock exchange or by tender available to all of holders of preferred shares or by private agreement or otherwise.

Preferred share unit sale update

On May 30, 2023, the company closed a non-brokered private placement of 50,000 units at a price of $1 per unit, with each unit being comprising one Class A-1 preferred share and one common share for gross proceeds of $50,000. The company paid a finder's fee of $3,500 in relation to the sale.

To date, the company has sold 164,000 units in a prior offering and has commitments for a further 1.13 million units. The company will be offering the remaining 3,706,000 units at this time on approval from the TSX Venture Exchange.

About Leveljump Healthcare Corp.

Leveljump Healthcare provides telehealth solutions to client hospitals and imaging centres through its teleradiology division, as well as in person radiology services through its IHF's (independent health care facilities).

We seek Safe Harbor.