Mr. Mayco Quiroz reports

TENET CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING FOR GROSS PROCEEDS OF $3.6M

Tenet Fintech Group Inc. has closed a non-brokered private placement financing, with ThreeD Capital Inc. as its lead investor, by selling 72,983,340 units to accredited investors within the meaning of National Instrument 45-106 (Prospectus Exemptions) and under the applicable securities laws, with each unit priced at five cents, for gross proceeds of $3,649,167. Tenet plans to use the proceeds of the financing to develop macroeconomic data indexes for the company's recently launched ie-Pulse platform, to prepare the expansion of the Cubeler business hub to the United States and for general working capital purposes.

Each unit of the financing is composed of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at an exercise price of 15 cents for a period of 24 months from the date of issuance thereof. After a period of six months from the date of their issuance, if, at any time the price of the common shares closes at or above 30 cents for 10 consecutive trading days, the expiry date of the warrants will be reduced to 30 days. Any warrants remaining unexercised after the accelerated expiry date will be cancelled.

Certain qualified individuals and registered investment dealers which assisted the company with respect to the financing received from the company, in compliance with securities laws, a cash finder's fee equal to 8 per cent of the gross proceeds raised and a number of finder warrants equal to 8 per cent of the number of units placed. Each finder warrant entitles the holder thereof to subscribe for one common share at a price of 15 cents during the 24 months following its issuance, subject to the accelerated expiry date conditions.

The securities issued in connection with the financing are subject to a hold period of four months and one day from the closing date of the financing.

Shares-for-service settlement

Tenet also announced today, in compliance with the policies of issuing shares for services of the Canadian Securities Exchange, that it issued 912,968 common shares of the company at deemed prices per share ranging from five cents to 10 cents to settle $56,500 worth of debt to strategic adviser Altitude Capital Consultants Inc.

About Tenet Fintech Group Inc.

Tenet is the parent company of a group of innovative financial technology and artificial intelligence companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and artificial-intelligence-based products and services to businesses, capital market professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler business hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business transactions among its members.

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