AI/ML Innovations Announces Completion of Share Issuance

Toronto, Canada - October 9, 2026 - AI/ML Innovations Inc. ("AIML" or the "Company") (CSE: AIML; OTCQB: AIMLF; FWB: 42FB), a company advancing artificial intelligence and neural-network-based technologies for digital health, announces that it has completed its previously announced share for debt issuance with certain service providers of the Company pursuant to which the Company has issued an aggregate of 7,744,062 common shares (the "Subject Shares") at a deemed price of CAD$0.05 per Subject Share totaling CAD$387,203 in consideration of past services and satisfaction of outstanding indebtedness (the "Debt Settlement").

The Subject Shares are subject to a statutory hold period expiring on February 10, 2027.

Insiders of the Company expect to purchase, directly or indirectly, an aggregate of 4,900,001 Subject Shares, as a result of which the issuance is a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61- 101"). The Company is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to the exemptions contained in Sections 5.5(b) and 5.7(1)(a) of MI 61-101 on the basis that the Company is listed on the Canadian Securities Exchange and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Subject Shares, insofar as it involves the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).

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