PreAxia Health Care Payment Systems Inc. Update on Temporary Regulatory Filing Relief

Calgary, Alberta--(Newsfile Corp. - June 1, 2020) - PreAxia Health Care Payment Systems Inc. (OTC Pink: PAXH) ("PreAxia" or the "Company") advises that it continues to rely on the temporary blanket relief pursuant to Alberta Securities Commission Blanket Order 51-517 ("Blanket Order").

The temporary exemptive relief granted by the Blanket Order allows PreAxia to delay filing its interim financial statements, management's discussion and analysis, and officers' certificates for the period ended February 29, 2019 (the "Interim Filings"), due to delays related to the COVID-19 pandemic.

PreAxia estimates that it will file the Interim Filings on or before June 15, 2020. Until the documents are filed, Company management and insiders are subject to an insider trading blackout policy that reflects the principles in section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions).

There have been no material business developments since the date of the Company's last news release dated May 4, 2020.

For further information:

Tom Zapatinas
President/Chief Executive Officer
Telephone: 403 850-4120

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57010