Tenet Announces Closing of Private Placement Under Partial Revocation of FFCTO

Toronto, Ontario--(Newsfile Corp. - June 9, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, announces that, further to the Company's news release dated May 27, 2026, and following the issuance of the partial revocation order granted by the Ontario Securities Commission (the "OSC") on May 25, 2026 (the "Partial Revocation Order"), the Company closed the previously announced non-brokered private placement financing (the "Private Placement").

The Private Placement consisted in the issuance of 55.2 million common shares at a price of $0.05 per share for aggregate gross proceeds of $2.76 million.

The proceeds of the Private Placement should allow the Company to cover urgent short-term financial obligations, including rent, audit and legal expenses, until such a time that the failure-to-file cease trade order placed on the Company's securities on May 7, 2025 (the "FFCTO") can be lifted to allow the Company to raise additional operational capital.

The Company is actively working to remedy the default that led to the FFCTO. Until the FFCTO is revoked, the Company's securities, including the common shares issued in connection with the Private Placement, will remain subject to trading restrictions and may not be traded by the public in Canada.

Each investor received a copy of the FFCTO, and the Partial Revocation Order and provided an acknowledgement to the Company that they understand that all of the Company's securities, including the common shares issued in connection with the Private Placement, will remain subject to the FFCTO until the FFCTO is fully revoked by the OSC, and that the granting of the Partial Revocation Order does not guarantee the issuance of full revocation order of the FFCTO in the future.

In accordance with applicable securities legislation, all securities issued pursuant to the Private Placement are subject to a hold period of four months and a day from the closing date of the Private Placement.

About Tenet Fintech Group Inc.:

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet and the Company in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler Business Development Platform, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.

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