File: Attachment August 11 - revocation1.pdf

August 11, 2025 Richmond, BC ICARUS CAPITAL CORP. (TSXV: ICRS)

Corporate Update CTO Revoked & Filings Current

Icarus Capital Corp. ("Icarus" or the "Issuer") is pleased to announce that the British Columbia Securities Commission has revoked the cease trade order ("CTO") issued against the Company on May 6, 2025.

The CTO was issued due to a delay by the Issuer in filing its annual audited financial statements, MD&A, and certifications for the year ended December 31, 2024 following the unexpected passing of the Issuer's former CFO in March.

With the support of investors in a private placement of 2,010,000 units at $0.10 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' 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

Icarus Capital Corp. (TSX-V: ICRS) operates Yuk Yuk's Comedy Clubs in Calgary, Alberta and Surrey, BC, hosts comedy events in theatres and other venues across British Columbia and Alberta, and operates a media subsidiary, Yuk Yuk's Media.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the transactions; the business plans of Icarus; use of funds; and the business and operations of the Issuer. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay and failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward- looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

For further information regarding the above, please contact:

Eric Y. Lapointe, CEO Icarus Capital Corp. Email: eric@yukyuksmedia.com Telephone: (604) 600-2490

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

File: '\\swfile\EmailIn\20250811 151838 Attachment August 11 - revocation1.docx'

August 11, 2025 - Richmond, BC - ICARUS CAPITAL CORP.

(TSXV: ICRS)

Corporate Update - CTO Revoked & Filings Current

Icarus Capital Corp. ("Icarus" or the "Issuer") is pleased to announce that the British Columbia Securities Commission has revoked the cease trade order ("CTO") issued against the Company on May 6, 2025.

The CTO was issued due to a delay by the Issuer in filing its annual audited financial statements, MD&A, and certifications for the year ended December 31, 2024 following the unexpected passing of the Issuer's former CFO in March.

With the support of investors in a private placement of 2,010,000 units at $0.10 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' 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

Icarus Capital Corp. (TSX-V: ICRS) operates Yuk Yuk's Comedy Clubs in Calgary, Alberta and Surrey, BC, hosts comedy events in theatres and other venues across British Columbia and Alberta, and operates a media subsidiary, Yuk Yuk's Media.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the transactions; the business plans of Icarus; use of funds; and the business and operations of the Issuer. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay and failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

For further information regarding the above, please contact:

Eric Y. Lapointe, CEO

Icarus Capital Corp.

Email: eric@yukyuksmedia.com

Telephone: (604) 600-2490

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES