QuantGate and CoinAnalyst Announce Termination of LOI

Toronto, Ontario and New York, New York--(Newsfile Corp. - December 7, 2022) - QuantGate Systems, Inc. (OTCQB: QGSI) (the "QuantGate" or "Company"), an Artificial Intelligence ("AI"), Machine Learning SaaS-based Fintech solutions provider, announces that the Company and CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) ("CoinAnalyst") will not be proceeding with their proposed reverse transaction as previously announced on October 19, 2022. As a result, the non-binding letter of intent entered into between the Company and CoinAnalyst, dated October 14, 2022, has been terminated effective December 5, 2022.

About the Company

QuantGate Systems, Inc. (OTCQB: QGSI) is a publicly-traded fintech company operating for over ten years, developing sophisticated Artificial Intelligence (AI), Machine Learning (ML), and proprietary big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. Pilot Trading (www.pilottrading.co) is a 100% wholly-owned subsidiary of QuantGate. Our core intelligence identifies investment opportunities across multiple asset classes, rooted in the financial markets, and perfected for cryptocurrency exchanges, enabling our valued clients to make better-informed investment decisions. Turnkey solutions and efficient APIs, founded on robust and scalable SaaS architecture, easily allow 3rd party integration for onboarding existing users and scaling globally.

ON BEHALF OF THE BOARD OF DIRECTORS

For additional information on QuantGate Systems, Inc., please visit the Company's website at www.quantgatesystems.com, or visit social media: Twitter, Facebook, and LinkedIn.

For further information on Pilot, please visit www.pilottrading.co and connect on Facebook and Instagram.

Contact Information:

QuantGate Systems, Inc.
Govin Misir, CEO & President
150 Bloor Street West, M103
Toronto, ON, M5S 1M4
E: Govin@QuantGatesystems.com
T: +1 (416) 580 8604

QuantGate Systems, Inc. does not undertake any obligation to update forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in QuantGate filings with the United States Securities and Exchange Commission.

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