Mr. Dom Mannella reports

TENET ANNOUNCES PARTIAL REVOCATION OF CEASE TRADE ORDER AND PROPOSED FINANCING

The Ontario Securities Commission issued an order dated May 25, 2026, partially revoking the failure-to-file cease trade order issued against Tenet Fintech Group Inc. on May 7, 2025, for failing to file certain outstanding continuous disclosure documents within the time frames prescribed by applicable securities laws.

Further to the company's news release dated Feb. 3, 2026, and following the issuance of the partial revocation order, the company intends to proceed with and close the previously announced non-brokered private placement financing as soon as practicable, subject to the terms and conditions described therein and applicable regulatory approvals. The company currently anticipates that the private placement will consist of the issuance of up to 55.2 million common shares at a price of five cents per share for aggregate gross proceeds of up to $2.76-million.

The private placement will be conducted on a prospectus-exempt basis with investors: (i) resident in Canada in reliance upon the accredited investor exemption under Section 73.3 of the Securities Act (Ontario) or Section 2.3 of National Instrument 45-106 (Prospectus Exemptions), as applicable; and (ii) resident in offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable securities laws.

Prior to participating in the private placement, each investor will receive a copy of the FFCTO and the partial revocation order, and will be required to provide an acknowledgment to the company confirming that all of the company's securities, including the securities issued pursuant to the private placement, will remain subject to the FFCTO until such order is fully revoked. Investors will also acknowledge that the granting of the partial revocation order does not guarantee that a full revocation order will be issued in the future.

All common shares issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the closing date of the private placement in accordance with applicable securities laws.

The partial revocation order will terminate on the earlier of: (i) the completion of the private placement; and (ii) July 25, 2026, being 60 days from the date of the partial revocation order.

The company will issue a further news release and file any required material change reports on SEDAR+ upon completion of the private placement.

About Tenet Fintech Group Inc.

Tenet is the parent company of a group of innovative financial technology and artificial intelligence companies. All references to Tenet and the company in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital market professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler business development platform, 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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