Mr. Todd Ziniuk reports

ZEDCOR INC. ANNOUNCES $4 MILLION BOUGHT DEAL AND $10 MILLION CONCURRENT PRIVATE PLACEMENT OFFERING

Zedcor Inc. has entered into an agreement with Beacon Securities Ltd., on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, with a right to arrange for substituted purchasers, four million common shares of the company at a price of $1.00 per offered share for aggregate gross proceeds to the company of $4-million, pursuant to Part 5A of National Instrument 45-106 -- Prospectus Exemptions.

In connection with the offering, the company has granted the underwriters, an option, exercisable, in whole or in part by Beacon by giving notice to the company at any time up to 48 hours prior to the closing date (as defined below) to purchase up to an additional one million offered shares at the issue price for additional gross proceeds of up to $1-million. Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the offered shares will be offered for sale to purchasers resident in Canada, except Quebec, and other qualifying jurisdictions, pursuant to the listed issuer financing exemption. The securities issued under the listed issuer financing exemption will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

In addition to the offering, the company and the underwriters also intend to complete a brokered private placement on a commercially reasonable best efforts agency basis of common shares of the company to certain purchasers pursuant to applicable exemptions under NI 45-106 at the issue price for gross proceeds of up to $10-million. The private placement shares will be offered for sale to purchasers resident in Canada and other qualifying jurisdictions. Any private placement shares issued under the concurrent private placement will be subject to a four-month hold period in Canada.

The company intends to use the net proceeds of the offering and the concurrent private placement for the expansion of its fleet of Mobileyez security towers to meet strong demand from its U.S. operations, other capital expenditures, working capital and general corporate purposes.

The closing of the offering and the concurrent private placement is anticipated to occur on or about May 16, 2024, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange. Closing of the offering is not conditional upon the closing of the concurrent private placement.

About Zedcor Inc.

Zedcor is a Canadian public corporation and is the parent company to Zedcor Security Solutions Corp. Zedcor is a technology enabled company that is changing how physical security services are provided to businesses. Zedcor operates throughout Canada and Texas with equipment and service centres in British Columbia, Alberta, Manitoba, Ontario and Houston, Tex. 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.

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