Mr. Jimmy Chow reports

M3 CAPITAL CORP. ANNOUNCES ENTERING INTO AN AMENDING AGREEMENT REGARDING ITS PROPOSED QUALIFYING TRANSACTION AND COMPLETION OF US ACQUISITION BY TREVELLO

Further to the news release dated Oct. 25, 2024, M3 Capital Corp. has entered into an amending agreement to the non-binding letter of intent with Trevello World Holdings Inc. dated March 3, 2025, concerning its proposed non-arm's-length qualifying transaction involving a business combination with Trevello, a private company incorporated under the Canada Business Corporations Act.

Pursuant to the amending agreement, the LOI expires on March 21, 2025, if the formal agreement has not been executed, and the corporation and Trevello have agreed not to solicit or enter into any agreements that would reasonably be expected to interfere with or prevent the transaction from the time of entering into the LOI until May 30, 2025. For additional information concerning the transaction, please see the corporation's news release dated Oct. 25, 2024.

On Jan. 1, 2025, Trevello acquired Gifted Travel Network Inc., a host agency renowned for its dominance in the luxury travel sector. This partnership marks the first step in Trevello's strategic plan to expand beyond Canada and establish a foothold in the U.S. market. The acquisition is a pivotal moment for Trevello, bringing its proven expertise and commitment to adviser success into the world's largest travel market. GTN has a sound reputation in the luxury sector, and the team's dedication to fostering a collaborative, entrepreneurial community makes it a perfect partner to help further accelerate Trevello's growth.

The acquisition of GTN establishes Trevello's presence in the U.S. market, enabling the company to leverage its reputation for excellence and scale to compete in new sectors. GTN will continue to operate under its trusted brand as a subsidiary of Trevello, maintaining its focus on luxury travel while benefiting from Trevello's broader market expertise and supplier relations. The combined Trevello and GTN teams will build on the GTN foundation to further empower luxury travel advisers through professional development programs, entrepreneurial support and a strong emphasis on community. Over time, Trevello and GTN will expand their offerings to advisers in both countries.

"We are committed to developing a sustainable and rewarding future for travel advisers. With the acquisition of GTN, we are taking the first step forward in starting to reimagine what success looks like in this industry," said Morris Chia, chief executive officer of Trevello.

About Trevello World Holdings Inc.

Founded by travel veteran Mr. Chia, Trevello is a global leader in travel services, empowering travel advisers and redefining the host agency model. With a reputation for innovation and operational excellence, Trevello World Holdings is the parent company of Trevello Canada, the country's leading host agency, and Gifted Travel Network, the premier U.S. host agency for luxury travel advisers.

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