Jack Nathan Health Announces Voting Results from Annual and Special Shareholders' Meeting

Jack Nathan Medical Corp. (TSXV: “JNH”; OTCQB: “JNHMF”) (the “Company”) is pleased to announce that all of the matters presented for approval at its annual and special meeting of shareholders of the Company (the “AGM”) held on Thursday, June 27, 2024 were approved.

All of the nominees listed in the Company’s management information circular dated May 24, 2024 forwarded to shareholders in respect of the AGM (the “Circular”) were elected at the AGM as directors of the Company, to hold office until the close of the next annual meeting of shareholders of the Company or until their successors are duly elected or appointed. The detailed results of the vote at the AGM on the election of directors are set out below:

Shareholders of the Company also passed at the AGM the following resolutions:

(a) the resolution reappointing MNP LLP, Chartered Professional Accountants and Licensed Public Accountants, as auditors of the Company for the ensuing year and authorizing the directors of the Company to fix the auditors’ remuneration and the terms of their engagement (99.97% of the votes cast at the AGM were in favour of the resolution and 0.03% of the votes cast at the AGM were withheld from voting on the resolution); and

(b) the resolution approving the grant of certain stock options of the Company pursuant to the Company’s Omnibus Equity Incentive Plan, as described in the Circular (86.9% of the votes cast at the AGM were in favour of the resolution (all such votes were “disinterested” as per the rules of the TSX Venture Exchange) and 13.1% of the votes cast at the AGM were against the resolution).

Corporate Update

The Company also announces that Bharat Choudhary is resigning from his position as Chief Financial Officer of the Company effective June 28, 2024 to pursue new endeavours.

“I would like to thank Jack Nathan’s board, management and my colleagues for the opportunity to serve as Jack Nathan’s CFO. It’s been an honour to work with such a talented and dedicated team,” stated Bharat Choudhary.

“We would like to thank Bharat for his contributions to the Company during his tenure and wish him all the best in his future endeavours,” stated Glenn Copeland, Chief Executive Officer and President of the Company.

The Company is conducting a search process to identify a new CFO.

About Jack Nathan Medical Corp.

Jack Nathan Medical Corp., operating as Jack Nathan Health®, is one of Canada’s largest healthcare networks. Jack Nathan Health® is an innovative healthcare company that is improving access for millions of patients by co-locating physician and ancillary medical services conveniently inside Walmart® stores.

Jack Nathan Health® provides an exceptional level of patient care, made possible through patient-centric physicians, a variety of medical services, technology, and programs, designed to put patients first. Our mission is to provide everyone access to the finest quality retail medical centers, with both in-clinic physicians and digital telemedicine, so you and your loved ones can “Live Your Best Life”.

Jack Nathan Health® was established in 2006 and continues to expand its international footprint, delivering exceptional, state-of-the-art, turn-key medical centers in 243 locations globally, with 183 corporately owned and operated. In Canada, the Company has 80 clinics in Walmart locations in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and Quebec and 2 independent locations for a total of 82 clinics. There are currently 22 corporate owned and operated clinics of which 3 include Rehab services and 6 include MedSpa services. In Mexico, the Company has 155 corporate owned and operated clinics in Walmart locations, 5 Clinics inside Walmart Distribution Centers servicing Walmart Associates, and 1 Multidisciplinary clinic. During the most recent quarter, Jack Nathan Health, Mexico started operation of its first medical center in Mexico City.

For more information, visit www.jacknathanhealth.comor www.sedarplus.ca.

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

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