Mr. Eric Lapointe reports

CORPORATE UPDATE: CTO REVOKED & FILINGS CURRENT

The British Columbia Securities Commission has revoked the cease trade order (CTO) issued against Icarus Capital Corp. on May 6, 2025.

The CTO was issued due to a delay by the issuer in filing its annual audited financial statements, the management's discussion and analysis (MD&A), and the certifications for the year ended Dec. 31, 2024, following the unexpected passing of the issuer's former chief financial officer in March.

With the support of investors in a private placement of 2.01 million units at 10 cents for total proceeds of $201,000, Icarus completed its audit, filed its first quarter interim financial statements and provided working capital. All required filings have now been made and all outstanding fees have been paid.

While trading in the company's shares remains suspended on the TSX Venture Exchange pending its review of Icarus's listing status, the company is in active discussions with the exchange and will provide a market update once reinstatement to trading is confirmed.

About Icarus Capital Corp.

Icarus Capital operates Yuk Yuk's Comedy Clubs in Calgary, Alta., and Surrey, B.C., hosts comedy events in theatres and other venues across British Columbia and Alberta, and operates a media subsidiary, Yuk Yuk's Media.

We seek Safe Harbor.