Mr. Laurie Baggio reports

MOBIO TECHNOLOGIES INC. ANNOUNCES ASSET PURCHASE OF YOU MOVE ME FRANCHISE OPERATIONS

You Move Me LLC, a company wholly owned by Mobio Technologies Inc.'s subsidiary Tracksuit Movers Inc., has entered into a non-binding letter of intent dated May 1, 2026, to purchase all of the franchise rights and assets in several entities controlled by Easy Moves Holdco LLC, for total consideration of $5-million (U.S.). The asset purchase constitutes a non-arm's-length transaction, as further described under the non-arm's-length transaction heading below.

You Move Me is the franchisor of the You Move Me franchise system throughout the United States. The sellers operate You Move Me franchises across six metropolitan markets: Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis and St. Louis. The purchase is an asset purchase, and no cash, prepaids or deposits will be purchased, and no liabilities will be assumed. The transaction will bring the franchise locations under You Move Me as corporately owned locations.

The asset purchase is expected to be financed through a combination of the purchaser's own cash and loans from parties related to the company, in such amounts to be determined.

Completion of the asset purchase remains subject to the negotiation and execution of definitive agreements, satisfactory completion of due diligence by the purchaser, the receipt of all required third party consents, acceptance by the TSX Venture Exchange, and the satisfaction of customary closing conditions, and cannot close until the required TSX Venture Exchange acceptance is obtained. There can be no assurance that definitive agreements will be entered into on the terms contemplated by the LOI, or at all, or that the asset purchase will be completed as proposed or at all. Investors are cautioned that, except as disclosed in this news release in connection with the asset purchase, any information released or received with respect to the asset purchase may not be accurate or complete and should not be relied upon.

Transaction details

Proposed closing date: June 1, 2026, or such later date as determined upon TSX Venture Exchange acceptance of the asset purchase

Purchase price: total consideration of $5-million (U.S.), payable as follows: (a) $1-million (U.S.) on closing; (b) $1-million (U.S.) on Sept. 30, 2026; and (c) the remaining $3-million (U.S.) in 20 quarterly payments over, with simple interest accruing on the principal balance at 5 per cent per annum

Financing cash consideration: The cash consideration payable in connection with the asset purchase is expected to be financed through a combination of operating cash flows generated by the company and additional loans from the company's existing lenders, which are themselves related parties of the company, with the precise allocation, amounts and terms to be finalized at closing. Any such related-party loans will be subject to compliance with the applicable requirements of Multilateral Instrument 61-101 and the policies of the TSX Venture Exchange.

Mobio share option: In connection with the asset purchase, Easy Moves LLC will grant a nominee, to be designated by the purchaser, a three-year option to purchase all or a portion of the 11,777,780 common shares of Mobio held by Easy Moves LLC at a price of 10 cents per share. During the term of the share option, Easy Moves LLC will provide the purchaser's nominee with a proxy to vote the Mobio shares.

Finders' fees: No finders' fees are payable in connection with the asset purchase.

Non-arm's-length transaction: The asset purchase and the share option each constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) on the basis that: (i) Easy Moves LLC is a related party of the company by virtue of being a significant shareholder; and (ii) Josh Herron, a director of the company, holds an indirect ownership interest in all of the sellers and serves as a manager of Easy Moves LLC. Accordingly, the asset purchase constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is obtaining a formal valuation of the assets being purchased from an independent third party valuator. The asset purchase and share option will be subject to review and acceptance by the TSX Venture Exchange in accordance with its policies applicable to non-arm's-length transactions.

Message from Laurie Baggio, chief executive officer

"Mobio Brands is proud to announce the signing of a non-binding letter of intent to acquire the franchise locations of the strategic markets of Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis and St. Louis. These franchise locations have a long operating history within the network. Bringing them under direct corporate ownership is intended to support disciplined growth, operational consistency and continued investment in the brand. Integration of the franchise locations into our corporate portfolio marks a significant milestone in our mission to scale the You Move Me system across North America."

About Mobio Technologies Inc.

Mobio, a TSX Venture Exchange-listed company, is actively building a leading portfolio of moving and moving-related service brands, united by a dedication to quality, integrity and exceptional customer experiences. As a public company, Mobio strategically invests in both moving services and technology solutions, aiming to provide homeowners, businesses and entrepreneurs with a trusted, seamless network for all moving and relocation needs.

We seek Safe Harbor.