Mr. Laurie Baggio reports

MOBIO PROVIDES AN UPDATE REGARDING THE PROPOSED TRANSACTION

Mobio Technologies Inc. has provided an update to its previously announced transaction with Tracksuit Movers Inc.

In the news releases issued on March 14, 2022, March 16, 2022, May 30, 2022, and March 2, 2023, Mobio announced and provided updates to the proposed 100-per-cent acquisition of Tracksuit Movers Inc., a full-service moving company franchisor through a share exchange. Mobio still intends to proceed with the proposed transaction. The company is currently working to finalize the share exchange agreement.

Completion of the transaction is subject to a number of conditions, including, but not limited to, preparing and entering into a binding agreement, acceptance by the exchange, and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete, and should not be relied upon. Trading in the securities of Mobio should be considered highly speculative.

About Mobio Technologies Inc.

Mobio is a publicly traded company on the TSX Venture Exchange, headquartered in Vancouver, B.C., and runs Strutta.com Media Inc. Strutta is a social promotion platform that helps marketers bring potential customers from stranger to fan to customer, and Strutta's promotions API provides a technology platform that facilitates social media competitions and campaigns for global brands.

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