Ms. Christina Boyd reports

PRIVATE PLACEMENT WITH RESEARCH CAPITAL CORPORATION TERMINATED; TENET IN DISCUSSIONS WITH OTHER POTENTIAL INVESTORS

Tenet Fintech Group Inc.'s brokered private placement of unsecured convertible debentures for aggregate gross proceeds of a minimum of $5-million and a maximum of $25-million led by Research Capital Corp. (RCC), announced on March 16, 2023, and amended on April 24, 2023, was unilaterally terminated by RCC.

Tenet is in discussions with other potential financial partners to finance the company.

Tenet is already making significant reductions in expenses since last Friday, April 28, 2023. The monthly run rate for Tenet in Canada has been reduced by approximately 25 per cent with a goal of reaching over a 40-per-cent reduction in the near term. This is the result of streamlining efforts announced on May 1, 2023.

About Tenet Fintech Group Inc.

Tenet Fintech Group is the parent company of a group of innovative financial technology (fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B (business-to-business) transactions among its members.

We seek Safe Harbor.