Mr. Joseph Arrage reports

CLIP MONEY INC. ANNOUNCES RE-ALLOCATION OF PREVIOUSLY ISSUED OPTIONS

Further to Clip Money Inc.'s press release dated March 11, 2024, Joseph Arrage has voluntarily agreed to terminate the 275,000 options to acquire common shares of the company that were granted to him for the purpose of redistributing such options to key employees of the company.

As such, and as a result of the termination of the old options, the company has issued an aggregate of 275,000 new options to employees of the company. The new options have a three-year vesting period with an exercise price equal to 20 cents, being the trading price of the common shares at the close of business on March 18, 2024, and will expire 10 years from the date of grant. The new options are governed by the terms of the company's omnibus equity incentive plan, under which an aggregate of 10,494,753 common shares are issuable.

"The redistribution of the old options previously granted to me, as new options to key members of our team, symbolizes not only our continuous commitment to investing in those instrumental to realizing our strategic vision, but also my personal investment in the team that I strongly believe will lead us to success. I have full confidence that these individuals will persist in delivering substantial contributions to the company, ultimately enhancing shareholder value," said, Joseph Arrage, chief executive officer.

About Clip Money Inc.

Clip operates a multibank, self-service deposit system for businesses through its network of ClipDrop Boxes and Clip-enabled ATMs. Rather than going to their personal bank branch or using an armored carrier service, businesses can deposit their cash at any ClipDrop or ATM located nearby at top retailers and shopping malls. Deposited funds are automatically credited to the business's bank account, usually within one business day. The company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business banking transactions. Clip also facilitates mobile change orders, which are fully insured and shipped within one to two business days. Clip Money offers a cost-effective and convenient solution for business banking deposits across major markets in Canada and the United States.