Binovi Technologies Corp. — Capital/Financing Update 2022

May 19, 2022

May 18, 2022

Binovi Technologies Announces Stock Option Grant

Binovi Technologies Corp., (Binovi) (TSX-V:VISN | OTCQB:BNVIF), today announced that it intends to grant up to 2,646,349 incentive stock options (the “Options”) to certain directors, officers, employees and consultants of the Company. The Options are exercisable at a price of $0.09 and have a 2-year term.

The Company’s Stock Option Plan governs these incentive options, as well as the terms and conditions of their exercise, which is in accordance with policies of the TSX Venture Exchange.

The Company also announces that it intends to spend up to $500,000 on the following:

• Marketing and advertisement on but not limited to

  • Google

  • Facebook

  • Yahoo

  • Bing

  • Twitter

• General working capital

• Investor Relations

@BinoviVISN - Twitter & Instagram

About Binovi Connect

Binovi is digitizing the delivery of healthcare by providing users access to all points of their individual performance from their phone, tablet or desktop computer. Designed for vision optimization and the enhancement of skills related to cognitive performance, Binovi provides measurable results in less time, and with less effort. As a SAAS based solution, the Binovi Connect App is supported by specialized expert knowledge, unique data insights and supporting hardware to deliver customized, one-on-one cognitive training and learning protocols ideal for K-12 Students, Vision Care Specialists, and Sports Performance testing and training. Binovi is currently used in over 20 countries.

On behalf of the Board of Directors

Jatinder Dhaliwal CEO

Investor Relations Email: invest@binovi.com Toll-free: 1 (844) 866-6162 https://www.binovi.com/investor-reports/ Forward looking information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains regulatory approval. Forward-looking information is subject to a variety of

risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com . The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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