Dr. Lisa Crossley reports

RELIQ HEALTH TECHNOLOGIES, INC. ANNOUNCES SETTLEMENT OF PROPOSED CLASS ACTION

Reliq Health Technologies Inc. has entered into a settlement agreement with respect to the proposed class proceeding commenced in November, 2019, by a plaintiff investor against the company and others in the Supreme Court of British Columbia relating to, amongst other allegations, the company's public disclosure in 2018 regarding the on boarding of patients to its remote patient monitoring software. The settlement is subject to court approval and other customary conditions.

While Reliq contested the claim, it ultimately determined that it was in the best interests of the company that it resolve the claim to avoid the burden, expense and drain on management resources associated with continued litigation. As part of the settlement agreement, the company and other defendants deny all allegations of wrongdoing and make no admissions of liability whatsoever. The settlement agreement includes a full and final release of the company, the other defendants and other parties in respect of the claim.

Pursuant to the settlement agreement, the company will pay $2.5-million, $1.5-million of which is financed by insurance proceeds with the company's net contribution being $1-million. The settlement funds have been transferred to class counsel and are being held in trust pending the outcome of the motion to the court to approve the settlement.

Dr. Lisa Crossley, the chief executive officer of the company, commented, "Reliq's board and management feel strongly that the resolution of this claim is in the best interests of our shareholders as it will allow the company to move forward and focus all our efforts on growing the business."

About Reliq Health Technologies Inc.

Reliq is a rapidly growing global health care technology company that specializes in developing innovative virtual care solutions for the multibillion-dollar health care market. Reliq's powerful iUGO Care platform supports care co-ordination and community-based virtual health care. iUGO Care allows complex patients to receive high-quality care at home, improving health outcomes, enhancing quality of life for patients and families, and reducing the cost of care delivery. iUGO Care provides real-time access to remote patient monitoring data, allowing for timely interventions by the care team to prevent costly hospital readmissions and emergency room visits. Reliq trades on the TSX Venture Exchange under the symbol RHT, on the OTC as RQHTF and on the WKN as A2AJTB.

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