Private Placement

June 25, 2001 (QHR – CDNX) QHR Technologies Inc.
The Company announces that it has arranged a non-brokered private placement of an aggregate of up to 1,333,333 units (the “Units”) at a price of $0.75 per Unit. Proceeds from the private placement will be used for general working capital.

Each Unit will consist of one common share in the capital stock of the Company and one-half non-transferable share purchase warrant (the “Warrants”). Each whole Warrant will entitle the holder to purchase one additional common share for a term of two years from the date of Closing for the Units at a price of $1.00 per share during the first year or at a price of $1.25 per share during the second year.

The issuance of the private placement shares and non-transferable share purchase warrants is subject to regulatory acceptance.

The Company is engaged in the business of developing and implementing human resource and staffing management solutions. The Company’s mission is to become a global leader in staffing management solutions. The Company is developing a software solution, known as “Quadrant HR” designed to handle all elements of human resources management including human resources, staff scheduling and payroll.

For further information contact James R. Bond or David Goertz of the Company at (250) 763- 3122.
For the Board of QHR Technologies Inc. “Al Hildebrandt”