Premier Diversified Holdings Inc. announces that it has entered into certain loanagreements, as set out below. Premier entered into aloanagreement (“LoanAgreement”) dated March 8, 2023 with MPIC Fund I, LP ("MPIC") for asecuredloan in the principal amount of up to USD 120,000 (the "Loan"). The Loan matures on March 8, 2024 and bears interest at a rate of 6% per annum.

The Loan is secured with all of the present and after-acquired property of the Company and ranks equally in priority with all of the loans previously made to the Company by MPIC. The Loan will be used for working capital (including for Premier's partially owned subsidiaries, Purposely Platform Inc. (“Purposely”) and MyCare MedTech Inc.) and may be used to acquire an additional interest in MyCare MedTech Inc. (“MyCare”), a telehealth company. The Company is not issuing any securities, or paying any bonus, commission or finder's fees on the MPIC Loans.

The MPIC Loans are both repayable at any time without penalty. Purposely and MyCare are generating revenue, and the Company expects to receive re-payment of funds from such entities, allowing it to partially repay some of the funds owed to MPIC. The Loan is subject to review and acceptance by the TSX Venture Exchange.

Premier previously entered into a certain loanagreement dated March 10, 2021 as amended March 8, 2022, for aloan from MPIC. The parties agreed to extend the maturity date of the loan from March 10, 2023 to March 10, 2024. The date of the second amending agreement is March 8, 2023.

Premier previously entered into a certain loanagreement dated March 29, 2021, as amended March 22, 2022, for aloan from MPIC. The parties agreed to extend the maturity date of the loan from March 29, 2023 to March 29, 2024. The date of the second amending agreement is March 8, 2023.

Premier previously entered into a certain loanagreement dated February 10, 2022, for aloan from MPIC. The parties agreed to extend the maturity date of the loan from February 10, 2023 to February 10, 2024. The date of the second amending agreement is February 10, 2023.

Premier previously entered into a certain loanagreement dated March 22, 2022, for aloan from MPIC. The parties agreed to extend the maturity date of the loan from March 22, 2023 to March 22, 2024. The date of the second amending agreement is March 8, 2023.