Dr. David Gane reports

LED MEDICAL DIAGNOSTICS, INC. RETAINS MZ GROUP AS INVESTOR RELATIONS ADVISOR

LED Medical Diagnostics Inc. has retained MZ Group as its investor relations adviser. MZ Group will assist LED Medical with all aspects of corporate communications amongst current and prospective investors, while enhancing awareness of the company within the capital markets. Mike Cole, senior vice-president for MZ North America, will be the company's primary investor contact going forward.

"We are pleased to be partnering with MZ Group to expand our investor relations efforts," said Dr. David Gane, chief executive officer of LED Medical. "We continue to execute on our business plan and have enhanced shareholder value in a number of ways. The time is right for the company to expand awareness, and MZ Group has an excellent track record assisting emerging growth companies in this endeavour. MZ offers a platform which includes direct introductions with retail and institutional investors, virtual conferences, non-deal road shows, access to key conferences and many other services designed to reach new prospective investors, and we are excited to get started."

Ted Haberfield, president of MZ Group North America, stated: "LED Medical is at the right place at the right time to grow its dental imaging segment as dentists migrate from analog to digital and 2-D to 3-D. The company has positioned itself as a leading player in the North American digital imaging technology market as the developer of the VELscopeVx for early detection of oral mucosal diseases (including cancer/precancer). The global market for dental imaging systems is predicted to reach over $2.3-billion by 2022 and LED Medical is expanding quickly to capture market share. We look forward to helping the company with all aspects of its corporate communications and investor relations needs."

Under the agreement, the company will pay $7,000 (U.S.) per month to MZ Group and will grant 350,000 stock options at an exercise price of 25 U.S. cents, which will vest quarterly over one year. The initial term of the agreement is six months with a provision for automatic 12-month renewals. If the first renewal term is exercised, the company has agreed to grant a further 150,000 stock options at an exercise price to be determined with vesting and pricing to be in accordance with TSX Venture Exchange requirements. MZ Group is based in Carlsbad, Calif., and does not presently own any securities of the company. The agreement to retain MZ Group is subject to TSX-V approval.

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