ASEP INC. ANNOUNCES CLOSING OF THE FIRST TRANCHE OF LIFE OFFERING

VANCOUVER, BC, Dec. 20, 2023 /CNW/ - Asep Medical Holdings Inc. ("Asep Inc." or the "Company") (CNSX:ASEP.CN) (OTC-BB:SEPSF) (FSE:JJ8) is pleased to announce that, further to its news release of December 18, 2023 which announced a private placement and debt settlement of up to 10,000,000 units of the Company (each, a "Unit") pursuant to the listed issuer financing exemption ("LIFE Exemption") for gross proceeds of up to $2,000,000.00 (the "LIFE Offering"), it has closed the first tranche of the LIFE Offering by: (1) issuing 2,935,000 Units at a price of $0.20 per Unit, for aggregate gross proceeds of $587,000.00, and (2) entering into debt settlement agreements to settle $783,186.00 against the issuance 3,915,930 Units, subject to a 5 day waiting period, for aggregate gross proceeds of  $1,370,186.00.