ASEP INC. ANNOUNCES CLOSING OF DEBT SETTLEMENT

VANCOUVER, BC, Dec. 28, 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, it has issued 3,915,930 units (each, a "Unit") of the Company at a deemed price of $0.20 per Unit in settlement of an aggregate of $783,186 comprised of $421,000 for past services performed for the Company by certain creditors, and $362,186 for the settlement of a bona fide debt owed by the Company (the "Debt Settlement"). Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"), with each Warrant exercisable into one Common Share (each, a "Warrant Share") at a price of $0.26 per Warrant Share until December 27, 2025.