Aquarius Surgical Technologies Inc. announced further developments following the announcement on February 22, 2021, that Gordon Willox ("Mr. Willox") had been removed as a director. Effective March 4, 2021, Gordon Willox resigned as a director. As indicated in the earlier Press Releases dated February 22 and 25, and March 1, 2021, a review of the financial records and inventory of SLI has been commenced, and is still continuing. Significant discrepancies, irregularities and fraud on the part of Gordon Willox and a (now) former consultant, former operations manager and former employee have already been discovered. Until a full investigation and audit of the full extent of the misappropriation and fraud by Mr. Willox and his associates has been completed, Management cannot be certain that it has yet discovered the full extent of or made sufficient provision for losses caused.