Mr. Andrew Morton reports

MAITRI HEALTH TECHNOLOGIES EXPANDS TEAM AS DEMAND FOR TESTING INCREASES

Maitri Health Technologies Corp. has hired new key project management leadership and administrative functions to meet demands from new and existing clients across North America.

Maitri is expecting to continue to add needed staff for laboratories and field personnel for COVID-19 screening tests over the coming months. This is a result of the increased spread of COVID-19 variants and increased testing in all organizations.

"Navigating through the Delta variant surge is a priority with our new and existing clients," said Andrew Morton, chief executive officer of Maitri. "We have an expanding opportunity to sell our health-tech platform while answering the call to support immediate needs of TV/film studios, Fortune 500 and education with their testing needs. Our commitment to our vision of 'unstoppable is possible' is supported by our labs located in key hubs in the United States."

Debt settlement

The company also announces that it has reached an agreement with an arm's-length creditor pursuant to which it will settle outstanding indebtedness totalling $579,310 through the issuance of two million common shares at a deemed price of 27 cents per share. The creditor has agreed that the common shares issuable in connection with the settlement will be subject to restrictions on resale for a period of 24 months following issuance.

About Maitri Health Technologies Corp.

Maitri is a global platform for health care security, diagnostic testing and occupational health tech. Its mission is to ensure that unstoppable is possible for businesses and their employees through innovative, customized health care models. Maitri offers a system for businesses and organizations that helps engage employees and creates strategies to manage health and safety. Maitri's system includes software, a network of top health care professionals, and integrated laboratories for Fortune 500 companies, Hollywood productions, and major sporting and music events. Its stable, scalable system is an integrated health-tech platform that securely manages data while delivering comprehensive workplace health and safety outcomes.

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