TORONTO - Relay Medical Corp. (CSE: RELA) (OTC: RYMDF) (FSE: EIY2) ('Relay' or the 'Company'), a developer of technological innovation, is pleased to provide an update on ongoing activities related to the Company's commercial and development activities.

Operations and Finance

Following an oversubscribed private placement in January 2021 and warrant exercises in the last quarter, the Company holds over CAD $9MM in working capital to fund ongoing operations and growth initiatives for 2021 and beyond. Relay's primary focus is to scale up the Fionet and Cybeats operations translating into immediate commercial revenues. Relay previously filed a 44-101 short form prospectus distribution ('Notice of Intent') with the CSE and published on SEDAR. In the event Relay ever wishes to raise additional capital the filing can provide a wider audience and public awareness. Relay has no need or intention to raise additional capital at present. The administrative Notice of Intent filing is valid indefinitely.

About Relay Medical Corp.

Relay Medical is a technology innovator headquartered in Toronto, Ontario with a team of experts focused on the development of novel technologies in the diagnostics and AI data science and IoT security sectors.

Contact: W. Clark Kent President Relay Medical Corp. Office. 647-872-9982 ext. 3 TF. 1-844-247-6633 ext. 3 investor.relations@relaymedical.com

Forward-looking Information Cautionary Statement Except for statements of historic fact, this news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the technology described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedar.com

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