Newtopia Reports 2nd Quarter 2022 Financial Results.

TORONTO: Newtopia Inc. ("Newtopia" or the "Company") (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled whole health platform creating sustainable habits that prevent, slow, and reverse chronic disease, today announced its second quarter 2022 financial results for the three months ended June 30, 2022. All amounts are expressed in Canadian dollars, unless otherwise noted.

Second Quarter 2022 Financial Highlights (vs. Q2 2021):

Revenue of $2.5 million, consistent with the previous year

Gross profit margin1 of 47% compared to 42% for the prior-year period

"Newtopia had a solid second quarter in which we made notable progress with both current and prospective clients," said Jeff Ruby, Founder and CEO of Newtopia. "Revenue for the quarter was in line with our expectations. On a year-to-date basis, revenue improved and was up 5% compared to the prior-year period. With a large and growing pipeline of new business opportunities in front of us, we enter the third quarter on solid footing and anticipate even stronger performance in the back half of the year. We see particular traction in the health plan space for Medicare Advantage and fully-insured populations, where we are in active proof of concept discussions with six leading innovators that we anticipate will have a positive impact on our top line as we exit the year."

Mr. Ruby continued, "Newtopia is sitting at an inflection point. We have a new set of health plan clients on the horizon and an opportunity to enhance execution with our new and existing clients using our upgraded technology, which will improve overall participant experience, increase the degree of digital engagement and yield operational and financial efficiencies. We enter the second half of 2022 as optimistic about the future of Newtopia as we have ever been."

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1

Gross profit is defined as revenue which is comprised of onboarding welcome revenue, ongoing engagement fees and success fees, less cost of sales which is comprised of Welcome Kit costs, compensation expense for Inspirators and care specialists and genetic testing costs. Gross margin percentage is calculated by dividing gross profit by total revenue for the defined period. Gross profit is considered by management to be an integral measure of financial performance and represents the amount of revenues retained by the Company after incurring direct costs. However, gross profit is not a recognized measure of profitability under IFRS.

Second Quarter 2022...