Mr. Marcel Vienneau reports

MOBI724 GLOBAL SOLUTIONS STATUS REPORT "HALT/CEASE TRADE ORDER"

Further to Mobi724 Global Solutions Inc.'s news release dated May 2, 2023, the Autorite des Marches Financiers (AMF), the company's principal regulator, has issued a management cease trade order (MCTO) dated May 2, 2023, in accordance with National Policy 12-203 -- Management Cease Trade Orders (NP 12-203).

The company applied for an MCTO in anticipation of missing its filing deadlines of April 30, 2023, to file the annual audited financial statements, accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certificates for the period ended Dec. 31, 2022, as required under applicable Canadian securities laws. The delay was caused as a result of the company's former auditor not renewing its mandate and due to the long process of finding a replacement.

Marcel Vienneau, the chief executive officer of the company, said, "Despite all the efforts exerted by the company to find a new auditor and due to the known lack of resources which many auditing firms are experiencing in this economy, it took five months to find a new auditor." On May 8, 2023, the new auditor firm MNP LLP accepted the audit mandate and began the process of carrying out the audit, and allocated the necessary resources to complete the review of the company, during the period ended Dec. 31, 2022.

The company announced on June 15, 2023, that the auditor would not be able to finish the audit and that the company will not be in a position to file the annual filings by June 30, 2023, as was endeavoured within the MCTO order.

As a result, a general cease trade order (CTO) has been issued by the Canadian Securities Administrators (AMF being the principal regulator), and the Canadian Investment Regulatory Organization (CIRO) has halted the company stock. The company reassures its shareholders, investors and the general public that the cause of the CTO is strictly due to the delay in engaging a new auditor and the available resources allocated to the audit by the auditors. The company is continuing to operate in the normal course of business, and fulfilling its commercial contracts and obligations. The company intends to immediately apply for a revocation of CTO as soon as the annual filings are duly filed.

About Mobi724 Global Solutions Inc.

Every transaction is an opportunity.

Mobi724 Global Solutions is an AI (artificial intelligence) powered fintech company which provides a platform that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. Mobi724's objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences and generating incremental commercial opportunities to its clients.

We seek Safe Harbor.