Toronto, Ontario--(Newsfile Corp. - July 5, 2023) - LevelJump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) ("LevelJump" or the "Company"), a Canadian leader in B2B telehealth solutions, wishes to announce the following matters:

Annual Meeting Results

At the Company's annual and special meeting of shareholders held on Thursday, June 29, 2023, shareholders approved: (i) the re-election of Mitchell Geisler, Robert Landau, Gary Prihar, Richard Jagodnik and Jackie Glazer as directors; and (ii) the re-appointment of Clearhouse LLP as auditors. Disinterested shareholders, however, did not approve a non-arm's length transaction which involved the proposed conversion of certain salary and other remuneration owed to 2 executive officers into common shares. As a result, the Corporation will continue to carry the indebtedness on its ledgers and will be working with the executives to determine an appropriate plan to retire this obligation.

Update on Alberta IHF Acquisition

Further to the Company's news releases of March 6, 2023, and November 21, 2022, the Company wishes to announce that it is awaiting final approval from TD Canada Trust for certain debt financing which will be used in part to close on the purchase of 4 IHF centers in Calgary, Alberta. The debt financing is a condition precedent required to be satisfied before closing can occur. TD Canada Trust has advised the Company that it is hopeful that the bank will be able to establish the loan facility on or before July 31, 2023.

Yonge Sheppard Location

Construction on the Company's new Yonge Sheppard location has begun and the IHF location is expected to open for patients during the fourth quarter of 2023.