P2P Closes $1.5 Million Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES


P2P Health Systems Inc. (the "Company") (NEX:PTP.H) is pleased to announce that
it has closed its previously announced (June 3, 2009 and September 1, 2009)
non-brokered private placement (the "Private Placement") of 18,750,000
subscription receipts ("Subscription Receipts") for gross proceeds of
CAN$1,500,000. All other terms of the Private Placement, as previously
announced, remain the same.


Each Subscription Receipt will entitle the holder to acquire, for no additional
consideration, upon deemed exercise of the Subscription Receipts, one unit (a
"Unit"), each Unit consisting of one common share (a "Share") and one common
share purchase warrant (a "Warrant") exercisable to purchase one additional
common share at price of $0.16 per common share for a period of 36 months from
the date of issuance of the Warrants. The Subscription Receipts will be deemed
exercised into the underlying Shares and Warrants upon completion of the
Company's change of business and reactivation (the "Change of Business") as
described in the Company's June 3, 2009 news release.


The Subscription Receipts are governed by the terms of a subscription receipt
agreement (the "Subscription Receipt Agreement") between the Company and
Computershare Trust Company of Canada ("Computershare") as subscription receipt
agent and escrow agent.


The gross proceeds from the Private Placement will be held in escrow by
Computershare pursuant to the terms of the Subscription Receipt Agreement and
will be released to the Company upon completion of the Change of Business. If
the Change of Business does not occur on or before December 18, 2009, the
proceeds from the Private Placement will be returned to purchasers and the
Subscription Receipts will be cancelled.


All securities issued or issuable under the Private Placement are subject to a
four month hold period expiring on January 22, 2010.


For contact information, current news releases and a SEDAR link please visit our
interim website: www.ptpinfo.com

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