Mr. Christina Boyd reports

TENET CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT OF UP TO CAD$3M

Tenet Fintech Group Inc. has sold 2,142,858 units at a price of 14 cents per unit for gross proceeds of $300,000.12, representing the first tranche of a non-brokered private placement financing where the company may sell units for proceeds of up to $3-million.

Each unit sold comprises one common share of the company and one common share purchase warrant to purchase one common share at a price of 17.5 cents per share any time prior to June 7, 2025, subject to certain terms and conditions.

The first tranche offering was conducted through a private placement to a Cayman Segregated Portfolio Company, an open-ended fund managed by an investment firm headquartered in Hong Kong. The first tranche offering was executed in compliance with the applicable exemptions outlined in OSC Rule 72-503 (Distributions Outside Canada).

Looking ahead, the company is committed to completing the remaining tranches of units in the offering within a six-month time frame. The pricing of each subsequent tranche will be determined at the time of issuance, adhering to the pricing policies set forth by the Canadian Securities Exchange.

About Tenet Fintech Group Inc.

Tenet Fintech Group is the parent company of a group of innovative financial technology and artificial intelligence companies.

We seek Safe Harbor.