Mr. Paul Duffy reports

AIML ANNOUNCES PROPOSED PRIVATE PLACEMENT

AI-ML Innovations Inc. intends to complete a non-brokered private placement offering of up to 40 million units at a price of five cents per unit for gross proceeds of up to $2-million.

Each unit is composed of one common share and one warrant, which will be exercisable into one common share of the company. Each warrant will have a term of two years and will entitle the holder to purchase one common share at a price of 15 cents per common share following the closing date, subject to the company's right to accelerate expiry upon 30 days notice if the shares trade at 30 cents for a 10-day period. The common shares and warrants comprising the units will be subject to a four-month-and-one-day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation.

The company intends to use net proceeds of the private placement for working capital requirements.

The company will pay a finder's fee to qualified finders which assist in selling the units in cash, securities or a combination of both, as permitted by CSE policy and applicable securities laws.

The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval from the Canadian Securities Exchange.

About AI-ML Innovations Inc.

AI-ML has realigned its business operations to capitalize on the burgeoning fields of artificial intelligence and machine learning, with an initial investment focus on emerging digital health and well-being companies that leverage AI, ML, cloud computing and digital platforms to drive transformative health care management solutions and precision support delivery across the health continuum. Through its 100-per-cent-owned Quantum Sciences Ltd., NeuralCloud Solutions Inc. and AI Rx Inc., its strategic partnership with Health Gauge Inc. (95.2 per cent owned by AI-ML), and other planned accretive investments, the company continues to capitalize on expanding growth areas to the benefit of all the company's stakeholders. AI-ML's shares are traded on the Canadian Securities Exchange under the symbol AIML, the OTCQB Venture Market under AIMLF and the Frankfurt Stock Exchange under 42FB.

We seek Safe Harbor.