Mr. Dean Bethune reports

DARELLE ANNOUNCES FINANCIAL RESULTS

Darelle Online Solutions Inc. has released its interim financial and operational results for the nine-month period ended May 31, 2023.

The full text of Darelle's second quarter financial results is contained in its unaudited condensed interim consolidated financial statements for the nine-month period ended May 31, 2023, and the related management's discussion and analysis, copies of which are available electronically on Darelle's profile on the System for Electronic Document Analysis and Retrieval (SEDAR) and also on Darelle's website.

Quarterly financial results:

• The company generated revenue of $44,853 during the period compared with $106,596 during the same nine-month period in 2022. Revenue comprises a set-up fee and a flat administration fee per raffle ticket sold by organizations. The company realized set-up fees of $7,250 with the remaining revenue ($37,603) in processing fees. Processing fees are recognized once the raffle draw is complete and/or the organization has sold all available tickets.
• The company reported a comprehensive loss of $107,657 (zero cents per share) during the nine-month period ended May 31, 2023, compared with a comprehensive loss of $148,307 (zero cents per share) during the same nine-month period in the 2022 fiscal year.

About Darelle Online Solutions Inc.

Darelle Online Solutions is a British Columbia corporation with its head office in Vancouver, B.C. Darelle.com is an on-line marketplace which has developed a platform in which charitable and non-profit organizations can create, sell, deliver and manage their raffle ticket and 50/50 draws completely on-line. The company is listed on the TSX Venture Exchange as a Tier 2 technology issuer. The company has a total of 73,708,147 common shares issued and outstanding.

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