Mr. Mitchell Geisler reports

LEVELJUMP HEALTHCARE CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT EXTENSION

Leveljump Healthcare Corp. has applied for an extension from the TSX Venture Exchange to its proposed non-brokered private placement originally announced on Sept. 14, 2023, of up to five million units at $1 per unit for gross proceeds of up to $5-million pursuant to certain exemptions from the prospectus requirements of applicable securities laws of the provinces of Canada. The extended final date for acceptance of the offering is Nov. 28, 2023.

To date, the company has sold 1,955,000 of the units and 2,094,000 of the Class A-1 preferred shares in total. The preferred shares are capped at a maximum of 10 million shares that can be issued.

Each unit will consist of: (i) one common share of Leveljump, at an issue price of 10 cents per common share; and (ii) one 12 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 12 per cent payable quarterly, along with a top-up dividend of 25 per cent of Leveljump's earnings before interest, taxes, depreciation and amortization above $2-million per year, divided by the then outstanding preferred shares, is redeemable on the fifth anniversary after issuance at a price of $1 per preferred share together with all accrued and unpaid dividends, or at a price of $1.10 per preferred share if redeemed any time prior to the redemption date, and is convertible into common shares of the company at a price of 20 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, by private agreement or otherwise.

The offering is only open to residents of Canada who are accredited investors or who are a family member, close personal friend or business associate as defined under applicable securities legislation. It is the intention that the principal subscribers will include strategic investors made up of private investment funds and high-net-worth investors in support of the long-term vision of the company. The net proceeds from the financing will be used toward acquisitions and for general working capital purposes.

The offering is conditional upon receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the offering will have a hold period of four months and one day from the closing date of the offering in accordance with applicable securities laws.

About Leveljump Healthcare Corp.

Leveljump (TSX Venture Exchange: JUMP) provides telehealth solutions to client hospitals and imaging centres through its teleradiology division, as well as in-person radiology services through its IHFs (independent health care facilities). Leveljump focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities it serves.

We seek Safe Harbor.