Mr. Marcel Vienneau reports

MOBI724 GLOBAL SOLUTIONS INC. ANNOUNCES THE CLOSING OF FIRST TRANCHE BRIDGE FINANCING

Mobi724 Global Solutions Inc.'s board of directors has authorized the terms of a bridge financing according to which the company would issue secured convertible debentures (SCD) or proceeds of up to $750,000. The SCD matures on June 30, 2016, and will accrue interest at a rate of 18 per cent per annum. The SCD shall be convertible at the option of the company upon completion of the $3-million financing announced in June, 2015, at a price of 8.25 cents per share and shall count toward said financing. As of this date, $850,000 or the $3-million has been raised. The holder shall be entitled to receive one common share purchase warrant for every common share received pursuant to conversion and shall expire on Dec. 31, 2016. The SCD is secured by a first-ranking hypothec on the assets of the company. The convertible debentures will be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will not be listed on the Canadian Securities Exchange. The common shares issuable upon conversion will be listed on the CSE and will be subject to a four-month hold period from the date of closing.

In addition, the company is pleased to announce that it has completed the first tranche of the bridge financing in the amount of $260,704. The proceeds received will be utilized to support the company's working capital requirements.

The company further announces that it has converted bona fide debt to a creditor totalling $22,340 into common shares of the company at a conversion price of 11 cents per share. As a result of this debt-to-equity transaction, the company issued 203,091 common shares to the interested party.

The issuance of the SCD and common shares pursuant to the debt conversion involves certain related parties and constitutes a related-party transaction. The company is relying on the exemptions provided by Regulation 61-101 (respecting protection of minority securityholders in special transactions), the board of directors having acted in good faith with respect to the determination of fair market value of the transaction concerning the exemption threshold.

We seek Safe Harbor.