Tenet Fintech Group Inc. announced that Carol Penhale, the Company's Chair, has been appointed Interim CEO, while the Board remains committed in its on-going focus on securing financing for the Company. Ms. Penhale will act as the Interim-CEO for a period of three months while the Company's search continues for permanent Chief Executive Officer candidates since Mr. Wahidy has informed the Board that he would no longer serve as Acting CEO of the Company. Ms. Penhale has spent more than 35 years in financial services in a variety of roles across capital markets, banks and asset management organizations including Broadridge Financial, Mackenzie Investments and DST International.

Ms. Penhale has significant business experience, and a background in technology and data transformation initiatives in strategic consulting and interim C-level management roles. Her experience crosses many layers of financial services globally, including strategic planning, operations recalibration, systems development, program management, business development and customer experience handling enhancements. She has B.A. from the University of Toronto, a certificate from the University of Edinburgh and has a degree in programming and systems analysis from The Institute for Computer Studies.

The independent board members of the Company continue to have active discussions with various firms to assist the Company with its financing efforts. These firms recognize Tenet's efforts to streamline operations to reduce the Company's costs and the market opportunity that is available to Tenet.