Cloud DX Inc. announced a private placement of 17,857,142 units at an issue price of CAD 0.14 per unit for gross proceeds up to CAD 2.5 million and concurrent placement of 21,428,571 units at an issue price of CAD 0.14 per unit for gross proceeds of up to CAD 3 million for aggregate gross proceeds of CAD 5.5 million on January 20, 2023. Each unit will comprise one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share at a price of 0.21 per common share for a period of three years following the closing date of the offering, subject to accelerated expiry as described herein.

B&M Miller Equity Holdings Inc. and Dr. Gaurav Puri have subscribed, as lead orders in the concurrent placement, for 10,442,857 placement units for aggregate gross proceeds of CAD 1,462,000. The placement units will be subject to a four-month hold period. The company is expected to close the offering and concurrent placement on or about Jan.

27, 2023, or such later date or dates as the corporation may determine. The transactions are subject to approval from the TSX Venture Exchange.