Mr. Rob Anson reports

FOBI AI ANNOUNCES EXTENSION OF NON-BROKERED PRIVATE PLACEMENT

Fobi AI Inc. has advised that its previously announced non-brokered private placement financing has been granted an extension to close on or before March 12, 2026, or such other date or dates as may be determined by Fobi and acceptable to the TSX Venture Exchange.

The offering was first announced on Dec. 12, 2025, with closing of the first two tranches of the offering announced on Jan. 23, 2026, and Feb. 4, 2026, respectively.

The company intends to use the net proceeds of the offering for sales and marketing, product expansion and integration, market expansion, and general working capital and corporate expenses.

The offering is subject to the final approval of the TSX-V.

As previously disclosed, the company is currently subject to a CTO (cease trade order) issued by the British Columbia Securities Commission (BCSC) as a result of the company's failure to file certain continuous disclosure documents within the prescribed time periods. The BCSC has granted a partial revocation order dated Dec. 12, 2025, CTO to permit the company to complete the offering. The company is actively working to remedy the default and expects to apply for a full revocation of the CTO upon completion of its outstanding filings. Until the CTO is revoked, the company's securities will remain subject to trading restrictions and may not be traded by the public.

About Fobi AI Inc.

Fobi AI is a data and artificial intelligence technology company that enables digital transformation through real-time data, mobile-wallet engagement and Web3-ready solutions. By integrating strategy, technical architecture and execution, Fobi helps clients across retail, sports, health care and regulated industries translate digital initiatives into measurable business results.

We seek Safe Harbor.