NuGen Medical Devices Inc. has agreed to appoint Richard Buzbuzian as President and Chief Executive Officer of the Company replacing Derek Lindsay who will resign as an officer and director of the Company upon such appointment. The Company intends to announce a director to fill the vacancy created by Mr. Lindsay's resignation should the minimum financing be closed as noted above. Richard Buzbuzian is a capital markets executive with over 25 years of investment experience in Canada and Europe.

Most recently, Mr. Buzbuzian was president of Drone Delivery Canada, which he co-founded and assisted with its going public transaction and financing activities in raising over $120M. Mr. Buzbuzian holds a degree from the University of Toronto. Further, the Company would like to announce that William Cleman has resigned as a director of the Company and will be replaced by Philip Cortese and Veronique Laberge has decided to resign as CFO and Corporate Secretary of the Company effective January 31, 2023.

The Board thanks both Mr. Cleman and Ms. Laberge for their contributions to the Company and wish them all the success in the future. The Company welcomes Mr. Philip Cortese to its board of directors and is actively searching for a CFO and Corporate Secretary to replace Ms. Laberge. Mr. Cortese is a seasoned Banker with over 30 years of experience in the Financial Institution Industry and has held senior managerial positions at RBC, TD Bank and CIBC for over half of those years.

In 2002, he was recruited by TD Bank to head the Quebec office of their Real Estate Financing Commercial Mortgage-Backed Securities (CMBS) origination group as Vice President for the Quebec region. The CMBS group originated close to a billion dollars of new commercial mortgages over a period of just 4 years. In October of 2012, he joined a local real estate Investor Mr. Kheng Ly and together, branded the development company now known as Brivia Group.

Mr. Cortese is a former Canadian Securities Institute graduate and a licensed Commercial Real Estate Broker.