Mr. Dean Bethune reports

DARELLE ANNOUNCES FINANCIAL RESULTS

Darelle Online Solutions Inc. has released its interim financial and operational results for the six-month period ended Feb. 29, 2024.

The full text of Darelle's second quarter financial results is contained in its unaudited condensed interim consolidated financial statements for the six-month period ended Feb. 29, 2024, and the related management's discussion and analysis, copies of which are available electronically on Darelle's profile on SEDAR+.

Quarterly financial results:

• The company generated revenue of $37,832 during the period compared with $20,756 during the same six-month period in 2023. Revenue comprises a set-up fee and a flat administration fee (processing fees) per raffle ticket sold by organizations. The company realized set-up fees of $7,000 with the remaining revenue ($30,832) 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 $93,244 (zero cents per share) during the six-month period ended Feb. 29, 2024, compared with a comprehensive loss of $77,631 (zero cents per share) during the same six-month period in the 2023 fiscal year.

Operational update

The company continues to look at opportunities to expand the geographical scope of Darelle platform. Opportunities include partnering with an industry competitor and/or reviewing possible joint ventures with third parties.

The company also continues to seek opportunities to create shareholder value through strategic acquisitions and/or transactions.

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.

We seek Safe Harbor.