Ms. Carol Penhale reports

TENET ANNOUNCES ON-GOING COMMITMENT TO SECURING FINANCING; BOARD CHAIR CAROL PENHALE APPOINTED AS INTERIM CEO WHILE SEARCH FOR PERMANENT CEO CANDIDATES UNDERWAY

Carol Penhale, Tenet Fintech Group Inc.'s chair, has been appointed interim chief executive officer, while the board remains committed in its continuing focus on securing financing for the company.

Ms. Penhale will act as the interim CEO for a period of three months while the company's search continues for permanent chief executive officer candidates since Raji Wahidy has informed the board that he would no longer serve as acting CEO of the company.

Ms. Penhale has spent more than 35 years in financial services in a variety of roles across capital markets, banks and asset management organizations, including Broadridge Financial, Mackenzie Investments and DST International. Ms. Penhale has significant business experience, and a background in technology and data transformation initiatives in strategic consulting and interim C-level management roles. Her experience crosses many layers of financial services globally, including strategic planning, operations recalibration, systems development, program management, business development and customer experience handling enhancements. She has a BA from the University of Toronto, a certificate from the University of Edinburgh, and has a degree in programming and systems analysis from The Institute for Computer Studies.

The independent board members of the company continue to have active discussions with various firms to assist the company with its financing efforts. These firms recognize Tenet's efforts to streamline operations to reduce the company's costs and the market opportunity that is available to Tenet.

"The board is dedicated to ensuring that the company improves its operational focus and financial position and looks forward to discussing the company's plans as soon as possible," stated Ms. Penhale, chair of Tenet. "I am exceptionally pleased to be able to help support Tenet as interim CEO and look forward to leading the company in its ongoing focus on securing financing."

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, include 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 business-to-business transactions among its members.

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