Mr. Todd Ziniuk reports

ZEDCOR INC. ANNOUNCES EXPANSION OF CREDIT FACILITY TO FUND NORTH AMERICAN GROWTH PLANS

Zedcor Inc. has entered into an amended and restated commitment letter with its primary lender, which increases its revolving evergreen equipment financing facility from $6.0-million to $15.0-million. This is an expansion of $9.0-million and, unless market conditions justify an increase to the company's capital plans for 2023, provides the company with sufficient access to capital to complete its 2023 capital asset program. This new financing will allow the company to significantly increase its MobileyeZ security tower fleet as it grows its geographic footprint across North America and continues to provide customers with a technology-based physical security solution.

Todd Ziniuk, President and CEO of Zedcor, stated, "This additional financing will help us execute our expansion plans for 2023 and the first half of 2024. We are seeing nearly full utilization for our MobileyeZ security tower fleet and demand for our services continues to be robust. Our goal is to ensure we have equipment available to provide security solutions to our customers. Zedcor's expansion across Canada is continuing, demand for our MobileyeZ security towers in Eastern Canada remains strong as we allocate more of our assets to that region and our planned US expansion in on track for the second half of 2023. The additional financing positions us well to meet our customer's demand for MobileyeZ security towers."

Zedcor currently has $5.8 million drawn on its equipment financing facility and the Amended Commitment Letter provides Zedcor with an additional $9.2 million which is immediately available to the Company; as monthly payments are made on the equipment financing facility, Zedcor may borrow back up to the $15.0 million maximum. The Company anticipates it will draw down on the availability during the rest of calendar 2023 and into the first half of 2024 to fund its capital program for the purchase of additional MobileyeZ security towers. The Company also confirms that it anticipates exiting 2023 with a fleet size of approximately 900 security towers located across North America.

The Amended Commitment Letter has the following amendments to the terms and conditions:100% financing on the purchase price of new equipment (previously 75% financing on the purchase of new equipment);$1.5 million of the equipment financing will be available for equipment located outside of Canada;Allowance for payment of dividends, unfinanced capital expenditures and payments of principal and interest on subordinated indebtedness (collectively, "Corporate Distributions") provided that the Company remains in compliance with its lending covenants;Covenants will be calculated quarterly on a trailing four quarter basis starting with the quarter ended June 30, 2023 and the Company's debt servicing covenant will be amended as follows:Debt servicing covenant before Corporate Distributions must be greater than or equal to 1.25:1.00 quarterly, calculated on a trailing four quarter basis;Debt servicing covenant after Corporate Distributions must be greater than or equal to 1.00:1.00 quarterly, calculated on a trailing four quarter basis;

In addition to the changes in the equipment financing facility, the Company's borrowing base on its authorized overdraft facility will be expanded to include up to 50% valuation of clearly defined non-capital inventory up to a maximum of $1.0 million. The total limit of the authorized overdraft facility remains unchanged at $3.0 million.

The Company's financing agreement remains secured with a general security agreement, which provides for a first charge security interest over the Company's present and future personal property. The Amended Commitment Letter also retains standard non-financial provisions under the previous financing agreements.

About Zedcor Inc.

Zedcor Inc. is a Canadian public corporation and is currently the parent company to Zedcor Security Solutions Corp. Zedcor is a technology enabled business that is changing how physical security services are provided to businesses. Zedcor operates throughout Canada with branches in British Columbia, Alberta, Manitoba and Ontario. The Company has three main service offerings to customers across all market segments: 1) surveillance and live monitoring through its proprietary MobileyeZ security towers; 2) surveillance and live monitoring of fixed site locations; and 3) security personnel.

The Company operates a fleet of over 600 proprietary MobileyeZ security towers, equipped with high resolution, technology-based cameras, and monitors fixed site locations for customers across various industries. Video from security towers and fixed site locations is streamed to the Company's central monitoring station where video alarms are live verified and responded to based on customer requirements. Zedcor also offers high level security guard services to enterprise level customers who are looking to supplement video-based security for valuable, high risk, or mission critical operational assets.

We seek Safe Harbor.