Dr. Philip Toleikis reports

SERNOVA ADVANCES ANNUAL GENERAL MEETING AND CEO TELECONFERENCE TO FRIDAY MAY 29

With its continued COVID-19 vigilance, social-gathering size restrictions in effect imposed by public health authorities and the anticipated near-term relaxation of certain COVID-19 public-health-related restrictions, Sernova Corp.'s annual general meeting (AGM) and chief executive officer teleconference call originally scheduled for Thursday, April 30, 2020, has been adjourned to May 29, 2020, at 9 a.m. PT and 10 a.m. PT, respectively. All other aspects of the AGM remain the same as published in the AGM materials, filed on SEDAR and available at the company's website.

"Sernova has historically encouraged its shareholders to attend our AGM in person. Given the current restrictions imposed by the Canadian and provincial governments to reduce the spread of COVID-19, including restrictions on social gatherings and travel, and feedback from our shareholders desiring to attend, we have decided to adjourn the AGM for 30 days to ensure the safety of everyone who may want to attend the meeting and to continue doing our part to help flatten the curve. We continue to monitor the COVID-19 situation actively and update our company policies accordingly to make pro-active adjustments, and we appreciate our shareholders' support while we safely continue our operations," stated Dr. Philip Toleikis, president and chief executive officer of Sernova.

The conference call details for the annual meeting of shareholders are provided herein.

United States toll-free:  1-877-366-0711

Canada toll-free:  1-866-627-1651

International toll-free:  1-302-709-8446

The conference participant passcode is 10998550. Following the conference call, a recording will be available at the company's website.

We seek Safe Harbor.