Mr. Eric Entz reports

IMPACT ANALYTICS ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

Impact Analytics Inc. has completed the first tranche of its non-brokered private placement of units for gross proceeds of $814,495.68 through the sale of 631,392 units at a price of $1.29 per unit.

Each unit is composed of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will be exercisable into one common share at a price of $2 per share for two years from the date of issue.

The proceeds from the first tranche of the private placement are intended to be used to finance product development and for general working capital purposes. All securities issued pursuant to the private placement will be subject to a four-month-and-one-day hold period from the date of issue pursuant to National Instrument 45-106 (Prospectus Exemptions). Finders' fees may be paid in accordance with applicable securities laws and the rules of the Canadian Securities Exchange.

The company also announces it has issued an aggregate of 221,360 restricted share units to certain directors of the company. Each RSU will settle into one common share of the company upon the earliest of certain specified conditions.

About Impact Analytics Inc.

Impact Analytics is a risk assessment, data intelligence and financial service platform powered by artificial intelligence. The company is building a proprietary product stack to optimize and streamline financial decision making for enterprises and individuals.

We seek Safe Harbor.