File: Attachment LTracey_20250514_PR.pdf

PRESS RELEASE

Shareholder Reports Change in Equity Interests in Mobio Technologies Inc.

This news release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues

May 14, 2025

Further to the new releases of Mobio Technologies Inc. (the "Company") dated April 24, 2025 announcing the Company's completion of its reverse takeover (RTO) (the "Transaction") of Tracksuit Movers Inc. ("TMI"), completion of private placement (the "Private Placement") and debt settlement (the "Debt Settlement") following final approval from the TSX Venture Exchange, Lance Tracey of Vancouver, BC, advises that Lanebury Growth Capital Ltd., a Canadian Stock Exchange- listed company, 88.44% of which is indirectly controlled by Mr. Tracey, who is a "Control Person" of the Company, has purchased 1,233,787 common shares (each, a "Share") issued in the debt settlement. The Shares were purchased for CDN $0.20 per Share. Mr. Tracey further advises that Code Consulting Ltd., a company beneficially controlled by Mr. Tracey, has received 17,500,000 Shares pursuant to the Transaction at a deemed price of CDN $0.20 per Share, purchased 4,267,893 Shares issued in the debt settlement at CDN $0.20 per Share, and purchased 8,100,000 Shares at CDN $0.20 per Share by participating in the Private Placement.

As a result of his indirect participation in the Debt Settlement, Private Placement and the Transaction, the number of shares controlled by Mr. Tracey increased from 17,034,204 (prior to the transactions) to 48,135,884 (post closing of the transactions). The percentage of the Shares controlled by Mr. Tracey increased from 40.00% (prior to the transactions) to 44.22% (post closing of the transaction) on non-diluted basis and from 39.93% (prior to the transactions) to 44.19% (post closing 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 the Private Placement. Mr. Tracey may acquire further securities of the Company in the future.

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

LANCE TRACEY