Toronto, Ontario--(Newsfile Corp. - December 20, 2024) - Bloom Burton & Co. Inc. (Bloom Burton) announces that, today, it acquired 1,692,250 common shares (Shares) of Satellos Bioscience Inc. (Corporation) in connection with a public offering of the Corporation by way of a prospectus supplement dated December 17, 2024 to the short form prospectus dated April 7, 2024. Bloom Burton purchased the Shares at a price of $0.90 per Share for total consideration of $1,523,025. Combined with former treasury issuances of Shares by the Corporation, this resulted in a decrease of beneficial holdings of approximately 3.7% of the outstanding Shares on a partially diluted basis since the date of the last early warning report.

Prior to this acquisition, Bloom Burton, its affiliates and Brian Bloom beneficially owned 8,708,568 Shares and 7,528,732 derivative securities (i.e., warrants, broker warrants, compensation options and stock options), representing approximately 7.6% of the outstanding Shares on a non-diluted basis and approximately 13.3% on a partially diluted basis assuming exercise of such derivative securities (including all of the stock options). After this acquisition, Bloom Burton, its affiliates and Brian Bloom beneficially own 10,400,818 Shares and 7,528,732 derivative securities, representing approximately 6.3% of the outstanding Shares on a non-diluted basis and approximately 10.3% on a partially diluted basis assuming exercise of such derivative securities (including all of the stock options).

The securities noted above are held for investment purposes. Bloom Burton has a long-term view of the investment and may acquire additional securities including either on the open market or through private acquisitions or sell the securities including either on the open market or through private dispositions in the future, depending on market conditions, reformulation of plans and/or other relevant factors.

The Corporation is located at Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2800, Toronto, Ontario, M5J 2J1. A copy of the early warning report with respect to the foregoing will appear on the Corporation's profile on SEDAR at www.sedar.com and may also be obtained by contacting Jolyon Burton, Director, Bloom Burton at (416) 640-7575 or at info@bloomburton.com. Bloom Burton is a corporation existing under the laws of Ontario, specializing in the healthcare industry, with its head office at 181 Bay St., Suite 3410, Toronto, Ontario M5J 2T3.

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