Satellos Bioscience Inc.

The Board has adopted a written code of ethics entitled “Code of Business Conduct and Ethics” (the “Code”) which applies to all employees, consultants, contractors, officers and directors of the Registrant and all its subsidiaries, and among other things, emphasizes the importance of matters relating to observing high standards of business and personal conduct and ethics as they carry out their duties and responsibilities, full, fair, accurate, and timely disclosure in reports that the Registrant files with, or submits to, the Commission and in other public communications, compliance with applicable laws, rules and regulations, the prompt internal reporting of violations of the Code and accountability for adherence to the Code. All individuals representing the Registrant, including the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, are expected to abide by all applicable provisions of the Code and adhere to its principles and values when representing the Registrant to the public or performing services for, or on behalf of, the Registrant. No substantive amendments to the Code were adopted during the year ended December 31, 2025. No “waiver” or “implicit waiver,” as such terms are defined in Note 6 to General Instruction B(9) of Form 40-F, was granted relating to any provision of the Code during the year ended December 31, 2025. The Board will review the effectiveness of the Code at least annually and on an ongoing basis to ensure that the Registrant’s business activities are conducted in accordance with the principles and rules set out therein. A copy of the Code can be obtained from the Registrant’s website at ir.satellos.com/governance/governance-documents/.

Information contained or otherwise accessed through the Registrant’s website or any other website, other than those documents filed as exhibits hereto, does not form part of this Annual Report on Form 40-F, and any reference to the Registrant’s website herein is as an inactive textual reference only.