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AI/ML Innovations Inc. Board/Management Information 2021

Jan 15, 2021

43967_rns_2021-01-14_99e3b47c-a222-41de-965d-814bf9dc4fd0.pdf

Board/Management Information

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NEWS RELEASE- For Immediate Distribution

AIML INNOVATIONS INC.

(the “Company”)

CSE – AIML

January 14, 2021

Chairman Appointment and Investor Services Agreements

Toronto, ON. – January 14, 2021 AI/ML Innovations Inc. (“AIML”) is pleased to announce the appointment of Mr. Tim Daniels to its Board of Directors, in the position of Executive Chairman.

Over the past 25 years, Mr. Daniels has held the positions of Chairman, Director, CEO and CFO for several Canadian and US-based, private and publicly traded technology, biomedical and strategic hi-tech mineral companies. Mr. Daniels' extensive management experience includes a focus on corporate finance, strategic planning, project development and corporate governance matters. Mr. Daniels has led in the raising of many tens of millions of dollars for various projects and companies over the course of his career. Prior to his involvement in public companies, Mr. Daniels spent 8 productive years in the investment industry as a licensed stockbroker, assistant manager, and an integral member of the new underwritings team. Mr. Daniels holds a Bachelor of Commerce degree, with a major in Corporate Finance from the University of Saskatchewan.

Mr. Daniels fills the vacancy resulting from Mr. Thomas Tough’s resignation. The Company wishes to acknowledge Mr. Tough’s significant valued service over the past 11 years, having originally appointed on January 14, 2010.

Additionally, the Company reports that it has signed an agreement with Octagon Media Corp./Wall Street Reporter (“Octagon”) for an investor marketing program, which includes digital media and investor awareness. The Company has agreed to pay Octagon $60,000 USD in consideration for providing the marketing program for a 3-month term effective immediately. Octagon will receive options within the existing stock option plan of the Company of 350,000 options at $0.65 for a 1-year period.

The Company also announces that it has launched a 12-month digital investor awareness program through AGORACOM, a multifaceted digital platform operated by AGORA Internet Services Corp. ("AGORA"), in order to enhance information availability for current and future stakeholders. The Company has agreed to remunerate AGORA $100,000 plus taxes for the above mentioned services. A first service payment of $20,000 is due immediately with the remaining balance split equally and due on each of April 15, 2021, July 15, 2021, October 15, 2021, and January 15, 2022.

Payment will be made through the issuance of the Company's common shares with the number of common shares to be issued determined by using the closing price on each date above. Common shares issued to AGORA under this agreement will be subject to a 4-month hold period.

About AI/ML Innovations Inc.

AI/ML Innovations Inc. has aligned its business operations to capitalize on the burgeoning areas of artificial intelligence (AI) and machine learning (ML), with an initial focus on emerging companies in the digital healthcare space. AI/ML’s shares are traded on the Canadian Securities Exchange under the symbol

NATDOCS\51156447\V-1

  • 2 -

"AIML". For detailed information please see AI/ML's website at https://aiml-innovations.com/ or the Company's filed documents at www.sedar.com.

Contact

For further information, contact the Company at (240) 384-1999 or [email protected].

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.