Mr. Richard Buzbuzian reports

NUGEN MEDICAL DEVICES INC. ANNOUNCES THE APPOINTMENT OF RICHARD BUZBUZIAN AS PRESIDENT, CEO AND DIRECTOR

Nugen Medical Devices Inc.'s board of directors has appointed Richard Buzbuzian as president, chief executive officer and director.

"InsuJet, our needle-free injection device, has tremendous sales opportunity globally and is approved for sale in 42 countries with active sales distribution agreements in 11. I look to complement our existing business with an expanded plan to monetize InsuJet sales with an e-commerce model, primarily B2C," commented Richard Buzbuzian, Nugen's president and chief executive officer. "A particular region of initial interest for us is Europe where InsuJet is already approved for sale and a large TAM (total addressable market) is present, estimated to be upwards of 13 billion euros for the diabetic market. Demand in this region could easily be met through an e-commerce model employing on-line purchasing with third party shipping and fulfilment. A new method of deliver of care for diabetic patients using a historically proven e-commerce business model known for high volumes and high margins. I look forward to reporting more granularity on the roll out of this plan in the coming weeks ahead."

The company wishes to thank Derek Lindsay who has resigned as interim CEO and as a director effective today. Mr. Lindsay has agreed to assist the company in its transition period as a consultant until April 14, 2023.

Bio: Richard Buzbuzian

Mr. Buzbuzian is a capital markets executive with over 25 years of experience in Canada and Europe. Previously, Mr. Buzbuzian was president of Drone Delivery Canada (TSX-V: FLT), which he co-founded, took public and raised over $120-million (Canadian) in equity financings achieving market capitalization in excess of $550-million. Mr. Buzbuzian sits on the boards of several public, private and non-profit organizations including Give-A-Mile and the Richard and Jacob Buzbuzian Family Foundation. He holds a degree from the University of Toronto.

About Nugen Medical Devices Inc.

Nugen is an emerging specialty medical device company developing the next generation of needle-free technologies and other innovative medical delivery products. The company's products, which include the InsuJet and PetJet needle-free injection systems, are designed to improve the lives of millions of people and animals. Nugen continues to receive approval in numerous countries, including Canada. Nugen's products are designed for use in several important fields, including, but not limited to, diabetes, veterinary medicine and vaccines.

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