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NOTICE OF CHANGE OF AUDITOR TO: EisnerAmper LLP MNP LLP AND TO: Ontario Securities Commission Alberta Securities Commission British Columbia Securities Commission The Manitoba Securities Commission Financial and Consumer

Key Takeaway: Medicus Pharma Ltd. has announced a change of auditor from MNP LLP to EisnerAmper LLP, effective December 19, 2024. The transition was initiated by the former auditor and has received approval from both the audit committee and the board of directors. Importantly, there were no reservations or modified opinions in the former auditor's reports, and no reportable events were noted. This action aligns with regulatory compliance as per the National Instrument 51-102.

Market Sentiment Analysis

POSITIVE FACTORS

  • The appointment of EisnerAmper LLP as the new auditor follows due process.
  • No reportable events or issues were found with the former auditor's reports.
  • The changes were approved by the audit committee and board of directors.

Full Press Release Details

NOTICE OF CHANGE OF AUDITOR
TO: EisnerAmper LLP
MNP LLP
AND TO: Ontario Securities Commission Alberta Securities Commission British Columbia Securities Commission The Manitoba Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan Financial and Consumer Services Commission (New Brunswick)
Nova Scotia Securities Commission
Government of Newfoundland and Labrador, Office of the Superintendent Prince Edward Island Securities Office
Autorit des march s financiers
Government of Nunavut Office of the Superintendent of Securities
Government of the Northwest Territories, Office of the Superintendent of Securities Office of the Superintendent of Securities, Government of Yukon
Medicus Pharma Ltd. (the "Corporation") hereby provides notice pursuant to Section 4.11 of National Instrument 51-102 of the resignation of MNP LLP (the "Former Auditor") as the auditor of the Corporation and the appointment EisnerAmper LLP (the "Successor Auditor") in its place.
The Corporation confirms that:
1. On its own initiative, the Former Auditor tendered its resignation as auditor of the Corporation effective December 19, 2024.
2. The resignation of the Former Auditor has been approved by the audit committee and the board of directors of the Corporation.
3. The appointment of the Successor Auditor has been approved by the audit committee and the board of directors of the Corporation, effective December 19, 2024.
4. There are no reservations or modified opinions in the Former Auditor's reports for the Corporation's financial statements for the "relevant period" (as defined in NI 51-102).
5. There have been no "reportable events" as defined in Section 4.11 of National Instrument 51-102.
DATED as of the 23rd day of December, 2024.
MEDICUS PHARMA LTD.
Per: (signed) "Raza Bokhari"
Raza Bokhari
Chief Executive Officer

Frequently Asked Questions

Who resigned as the auditor for Medicus Pharma Ltd.?

MNP LLP resigned as the auditor effective December 19, 2024.

Who is the new auditor for Medicus Pharma Ltd.?

EisnerAmper LLP has been appointed as the new auditor.

When did the auditor change take effect?

The change took effect on December 19, 2024.

Was the resignation of the former auditor approved?

Yes, the resignation was approved by the audit committee and board.

Were there any reportable events during the relevant period?

No reportable events occurred during the relevant period.

Last updated: Dec 19, 2024