Mr. Lance Tracey, a shareholder, reports

SHAREHOLDER REPORTS CHANGE IN EQUITY INTERESTS IN MOBIO TECHNOLOGIES INC.

Further to the news releases of Mobio Technologies Inc. dated April 24, 2025, announcing a completion of a reverse takeover of Tracksuit Movers Inc., completion of private placement and debt settlement following final approval from the TSX Venture Exchange, Lanebury Growth Capital Ltd., a Canadian Securities Exchange-listed company, 88.44 per cent of which is indirectly controlled Lance Tracey, who is a control person of Mobio, has purchased 1,233,787 common shares issued in the debt settlement. The shares were purchased for 20 cents per share. Mr. Tracey further advises that Code Consulting Ltd., a company beneficially controlled by Mr. Tracey, has received 17.5 million shares pursuant to the transaction at a deemed price of 20 cents per share, purchased 4,267,893 shares issued in the debt settlement at 20 cents per share, and purchased 8.1 million shares at 20 cents per share by participating in the private placement.

As a result of his indirect participation in the debt settlement, private placement and transaction, the number of shares controlled by Mr. Tracey increased from 17,034,204 (prior to the transactions) to 48,135,884 (postclosing of the transactions). The percentage of the shares controlled by Mr. Tracey increased from 40.00 per cent (prior to the transactions) to 44.22 per cent (postclosing of the transaction) on non-diluted basis and from 39.93 per cent (prior to the transactions) to 44.19 per cent (postclosing of the transaction) on partially diluted basis.

The number of issued and outstanding shares of the company increased from 42,583,260 to 108,855,746.

The transaction did not occur through a market as the securities were acquired pursuant to the RTO, debt settlement and private placement. Mr. Tracey may acquire further securities of the company in the future.

A copy of the early warning report is filed on SEDAR+ under the company's profile in accordance with applicable securities legislation and may be obtained by contacting the company at 604-428-7050.