Sirona Biochem Corp. announced that it has entered into a demand grid promissory note with 0906462 B.C. Ltd. (the Lender) for a loan in the aggregate principal amount of up to $1,000,000 (the Loan). Pursuant to the terms and conditions of the Note: the Loan is repayable on demand by the Lender; the Loan bears interest at a rate of 12% per annum, calculated yearly not in advance; and the Company has agreed to, subject to TSX Venture Exchange approval (TSXV Approval), issue the Lender 450,000 common shares in the capital of the company at a price of $0.12 per Bonus Share, as consideration for the risks taken by the Lender in providing the company the Loan.

The Bonus Shares, if and when issued, will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.