Mr. Dean Swanberg, a shareholder, reports

MR. DEAN SWANBERG ANNOUNCES DISPOSITION OF SECURITIES OF ZEDCOR INC.

On May 5, 2023, Dean Swanberg disposed of ownership of over 1.8 million common shares of Zedcor Inc. through a private transaction. Each share was sold at 60 cents for an aggregate sales price of $1.08-million. The common shares of Zedcor are listed on the TSX Venture Exchange under the trading symbol ZDC.

As a result of the foregoing, Mr. Swanberg now beneficially owns and has direction or control over a total of 22 million common shares of Zedcor, representing 30.71 per cent of Zedcor's issued and outstanding common shares on a non-diluted basis.

Prior to the disposition of common shares, Mr. Swanberg held or had control or direction over 23.8 million common shares, representing approximately 32.64 per cent of the issued and outstanding common shares of Zedcor on a non-diluted basis.

The securities were sold for investment purposes. Mr. Swanberg may, from time to time, depending on market conditions and other factors, acquire additional securities of Zedcor, or continue to hold or dispose of some or all of the securities of Zedcor directly or indirectly held by him in the open market, by private agreement or otherwise.

For further details regarding the disposition of the common shares described above, see the early warning report dated May 5, 2023, available on Zedcor's SEDAR profile.

For further information or to obtain a copy of the early warning report filed in connection with this matter, please contact Mr. Swanberg by e-mail at dean@zedcor.ca or by telephone at 780-876-2354.