Ann: Medlab Update to Shareholders, page-4

interesting GLTA

Dear Shareholder,

Our prior announcement estimated an update to the market would be possible by the end of May 2023. We
thank shareholders for their patience as the Board and Hall Chadwick continue to address significant interest
in the Medlab assets.

The international marketing campaign is identifying a range of interested parties, with due diligence and
negotiations ongoing with various parties. As at the date of this announcement, the Company anticipates a
substantive update may be provided in July 2023.

The Board confirms that operating costs have been significantly reduced, with a small team of part-time
employees assisting with pivoting the Company’s strategic direction. The Board, remaining staff, and Hall
Chadwick are diligently working together on marketing the company, progressing discussions, and additional
announcements will be made when appropriate milestones are met.