Director Stock Options

August 27, 2003 (QHR – TSX) QHR Technologies Inc. (the “Company”) announces that it has granted 200,000 stock options to independent directors of the Company. The options are exercisable at a price of $0.70 per share until August 27, 2008. 100,000 of the stock options will vest immediately and the remaining 100,000 will vest after and contingent upon the re-election of the independent directors at the Company’s Annual General Meeting to be held in June 2004. The stock options are subject to the terms and conditions of the Company’s 2003 Stock Option Plan which was approved at the Company’s Annual General Meeting held on June 19, 2003.

On behalf of the Board of Directors
Al Hildebrandt President & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.