Mr. Sanjeev Parsad reports

PREMIER DIVERSIFIED HOLDINGS INC. ANNOUNCES LOAN AGREEMENT, AMENDED LOANS AND POSTPONEMENT OF AGM

Premier Diversified Holdings Inc. has entered into certain loan agreements, as set out below.

Loan agreement with MPIC Fund I

Premier entered into a loan agreement dated June 8, 2023 with MPIC Fund I, LP for a secured loan in the principal amount of up to $100,000 (U.S.). The June loan matures on June 9, 2024, and bears interest at a rate of 6 per cent per annum.

The June loan is secured with all of the present and after-acquired property of the company and ranks equally in priority with all of the loans previously made to the company by MPIC. The June loan will be used for working capital (including for Premier's partially owned subsidiaries, Purposely Platform Inc. and MyCare MedTech Inc.) and may be used to acquire an additional interest in MyCare MedTech Inc., a telehealth company.

The company is not issuing any securities, or paying any bonus, commission or finders' fees on the loan. The loan is repayable at any time without penalty. Purposely and MyCare are generating revenue, and the company expects to receive repayment of funds from such entities, allowing it to partially repay some of the funds owed to MPIC. The loan is subject to review and acceptance by the TSX Venture Exchange.

Amended loan agreements with MPIC Fund I, LP

Premier previously entered into a certain loan agreement dated June 28, 2021, in the principal amount of $95,000 (U.S.) as amended June 28, 2022, for a loan from MPIC. Pursuant to a second amending agreement dated June 8, 2023, the parties agreed to extend the maturity date of the loan from June 28, 2023, to June 28, 2024.

Premier previously entered into a certain loan agreement dated June 3, 2022, for a loan from MPIC in the principal amount of $100,000 (U.S.). Pursuant to an amending agreement dated June 3, 2023, the parties agreed to extend the maturity date of the loan from June 3, 2023, to June 3, 2024.

No other material terms were amended under any of the foregoing amendments.

Related party transaction disclosure

As MPIC is a control person of Premier, the June loan and the amended loan agreements described above each constitute related party transactions within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security holders in Special Transactions. These agreements have been determined to be exempt from the requirements to obtain a formal valuation or minority shareholder approval based on sections 5.5(b) and 5.7(1)(f) of MI 61-101.

Premier does not have securities listed or quoted on any of the specified markets listed in Section 5.5(b) of MI 61-101. Premier is relying on the exemption from minority shareholder approval in 5.7(1)(f) of MI 61-101 as the loans were obtained by Premier from MPIC on reasonable commercial terms that are not less advantageous to Premier than if the loans had been obtained from a person dealing at arm's length with Premier. Further, the loans are not convertible, directly or indirectly, into equity or voting securities of Premier or a subsidiary entity of the issuer, or otherwise participating in nature, or repayable as to principal or interest, directly or indirectly, in equity or voting securities of Premier or a subsidiary entity of the issuer.

Postponement of annual general meeting

Premier has postponed the holding of its annual general meeting of shareholders for 2023 from July 26, 2023, to a future date. Premier has received approval from the B.C. Registrar of Companies to extend the time to hold its AGM for the year 2023 by four months from July 26, 2023, to Nov. 26, 2023. The postponement is subject to approval from the TSX-V.

About Premier Diversified Holdings Inc.

Premier Diversified Holdings Inc. participates in diversified industries through its acquisitions of securities and/or assets of public and private entities which it believes have potential for significant returns. It may act as a holding company (either directly or through a subsidiary) and may participate in management of subsidiary entities to varying degrees.

We seek Safe Harbor.