Mr. Sajid Premji reports

SABIO HOLDINGS INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF SECURED CONVERTIBLE DEBENTURE FINANCING

Sabio Holdings Inc. has closed the first tranche of a non-brokered private placement offering of secured convertible debentures of the company.

Pursuant to the first tranche, the company issued an aggregate principal amount of $900,000 of debentures at an issue price of $1,000 per debenture. The debentures bear interest at a rate of 12 per cent per annum, payable semi-annually in cash, and mature 12 months from the date of issuance. The principal amount of the debentures is convertible, at the option of the holder, into common shares of the company at a conversion price of 30 cents per common share, subject to customary anti-dilution adjustments.

The debentures are secured by a general security interest over all present and after-acquired personal property of the company and rank second priority to the company's existing and future secured obligations to North Mill Capital LLC doing business as SLR Digital Finance, and pari passu with the company's other secured convertible debentures.

The company may, at its sole discretion, complete one or more additional tranches on substantially similar terms. The offering, including the first tranche and any additional tranches, is subject to final approval of the TSX Venture Exchange.

In connection with the first tranche, the company paid finders' fees of 2 per cent in cash, being an aggregate of $18,000, to eligible finders, in accordance with the policies of the TSX-V. No finder's fee was paid in securities.

The net proceeds from the first tranche will be used for working capital and general corporate purposes.

All securities issued in connection with the financing are subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities laws.

About Sabio Holdings Inc.

Sabio Holdings is a technology and service leader in the fast-growing ad-supported streaming space. Its cloud-based, end-to-end technology stack works with top blue-chip, global brands and the agencies that represent them to reach, engage and validate streaming audiences.

Sabio consists of a proprietary ad-serving technology platform that partners with the top ad-supported streaming platforms and apps in the world, App Science, a non-cookie-based software-as-a-service analytic and insight platform with artificial intelligence natural language capabilities, and Creator Television, the first creator-led streaming network and content studio dedicated to bringing the authenticity and energy of social media storytelling to TV.

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