Dr. Essam Hamza reports

TREATMENT.COM AI INC. ANNOUNCES DEBT SETTLEMENT TRANSACTIONS

Treatment.com AI Inc. proposes to enter into debt settlement agreements with certain arm's-length creditors to settle an aggregate of $461,307.40 in debt. The debt relates to outstanding principal and accrued interest on the company's 8-per-cent unsecured convertible debentures issued on May 17, 2022. In settlement of the debt, the company will issue an aggregate of 1,153,266 units of the company at a deemed price of 40 cents per unit, with each unit comprising one common share in the capital of the company and one-half of one share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional share at a price of 60 cents per warrant share for a period of 24 months from the date of issuance.

All securities issued in connection with the debt settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

We seek Safe Harbor.