Mr. Mitchell Geisler reports

LEVELJUMP ANNOUNCES MCTO APPLICATION DENIED

Leveljump Healthcare Corp.'s application for a management cease trade order (MCTO) under National Policy 12-203 -- Management Cease Trade Orders has been denied by the Ontario Securities Commission (OSC) (see the company's news release dated April 15, 2024).

As such, it is anticipated that a failure-to-file cease trade order (FFCTO) will be issued against the company shortly after April 29, 2024 (the filing deadline) for failure to file its annual financial statements, management's discussion and analysis, and related officer certifications for the financial year ended Dec. 31, 2023 (collectively, the annual filings). This will result in a suspension of trading in the company's shares.

As previously disclosed, the delay in the preparation of the annual filings is as a result of a recent change in the company's auditor to Kreston GTA LLP (see the company's notice of change of auditor filed on SEDAR+, dated March 19, 2024) and an exceptionally large amount of audit work related to the company's Alberta acquisitions during the fourth quarter (see the company's news release dated Oct. 11, 2023). The company intends to work closely with its auditor and is still planning to complete the annual filings by the end of June, 2024.

Despite the imposition of the FFCTO, the company will continue to pursue several strategic objectives in accordance with its business plan, although at a reduced pace.

The company confirms, as of the date of this news release, that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the company that has not been generally disclosed.

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 diagnostic centres. Leveljump focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities it serves.

We seek Safe Harbor.