Klinik Health Ventures Corp. Announces Amendment to Stock Option Plan and Grant of Options

TORONTO, April 9, 2020 /CNW/ - Klinik Health Ventures Corp. (TSXV: KHV.P) ("Klinik" or the "Corporation") announces that on April 9, 2020 the Board of Directors of Klinik approved an amendment to the stock option plan of Klinik (the "Stock Option Plan") to increase the number of common shares of the Corporation reserved for issuance under the Stock Option Plan from 1,395,000 to 1,934,750 (the "Amendment to the Stock Option Plan"). The Amendment to the Stock Option Plan was approved by the TSX Venture Exchange on April 3, 2020.

Klinik also announces the grant of an aggregate of 539,750 stock options to certain of its directors and officers. Each stock option allows the holder thereof to acquire one common share of the Corporation at a price of $0.20 per share and is exercisable for a period of five (5) years from the date of the grant. These options are exercisable 25% on each of the first, second, third and fourth anniversary dates of the date of grant on a cumulative basis and are governed by the Stock Option Plan.

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking statements. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

NEITHER THE 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.

SOURCE Klinik Health Ventures Corp.

Klinik Health Ventures Corp., Eva Koci, Chief Executive Officer, [phone]