Zedcor Inc. Raises $2.6 Million in Offering of Units

Calgary, Alberta--(Newsfile Corp. - March 30, 2022) - Zedcor Inc. (the "Company" or "Zedcor") (TSXV: ZDC) is pleased to announce that it has raised gross proceeds of $2,616,965 through the offering of Units (as defined below).

The Company has closed its previously announced short form prospectus offering (the "Prospectus Offering") for gross proceeds of $2,266,965. The Company has also received an executed subscription agreement in connection with a brokered private placement (the "Private Placement" and together with the Prospectus Offering, the "Offering"), which is expected to close on or about April 6, 2022, for gross proceeds of $350,000. Upon completion of the Private Placement, the Company will have issued 5,233,930 units of the Company (the "Units") at a price of $0.50 per Unit (the "Offering Price") in connection with the Offering.

Each Unit consists of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole Common Share purchase warrant, a "Warrant"), with each Warrant entitling the holder thereof to acquire one Common Share ("Warrant Share") at a price of $0.70 for a period of two years from the date of issue.

The Offering is being completed pursuant to an agency agreement (the "Agency Agreement") dated March 24, 2022 among the Company and Paradigm Capital Inc. (the "Lead Agent") and Canaccord Genuity Corp. (together with the Lead Agent, the "Agents"). In consideration for the services performed by the Agents under the Agency Agreement, the Company paid the Agents a cash commission of $181,357.20, which represents 8.0% of the gross proceeds raised under the Prospectus Offering.

The Company expects to complete the Private Placement, subject to the acceptance of the TSX Venture Exchange. The Units offered pursuant to the Private Placement are not qualified by a prospectus, and therefore, the underlying Common Shares and Warrants will be subject to a statutory hold period. In consideration for their services in connection with the Private Placement the Company will pay the Agents a cash commission equal to 8% of the gross proceeds of the Private Placement.

The Company intends to use the net proceeds of the Offering primarily to support growth initiatives, reduce indebtedness under its credit facility which was incurred to expand its fleet of MobileyeZ security towers, and for general working capital purposes.

The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction, nor will there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Zedcor Inc.

Zedcor Inc. is a Canadian public corporation and parent company to Zedcor Security Solutions Corp. Driven by its guiding principles of being pioneers and innovators, Zedcor is engaged in providing technology based security & surveillance services in Western and Central Canada. The Company is disrupting the security industry with its three main service offerings to customers across all market segments: 1) rental, service and remote monitoring of its proprietary MobileyeZ security towers; 2) live monitoring of fixed site locations; and 3) security personnel. The Company trades on the TSX Venture Exchange under the symbol "ZDC".

Forward-Looking Statements and Information

Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "budget", "should", "project", "may be", or similar words suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to: the use of the net proceeds of the Offering; expected proceeds, closing and anticipated timing for closing of the Private Placement; and the receipt of stock exchange approvals in connection with the Private Placement. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including general market and economic conditions, current forecasts and utilization. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will be proved to be correct, and actual results may differ materially from those anticipated in such statements or information. For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.

For further information, please contact:

Todd Ziniuk
President and Chief Executive Officer
Zedcor Inc.
P: 403-930-5432
E: tziniuk@zedcor.ca

Amin Ladha
Chief Financial Officer
Zedcor Inc.
P: 403-930-5435
E: aladha@zedcor.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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