Mr. Craig Armitage reports

MOGO REGAINS COMPLIANCE WITH NASDAQ MINIMUM BID PRICE REQUIREMENT

Mogo Inc. has received formal notice from the Nasdaq Stock Market LLC stating that the company has regained compliance with the minimum bid price requirement in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq.

The notice indicated that, as a result of the closing bid price of the company's common share having been $1 (U.S.) per share or greater for at least 10 consecutive business days, from Aug. 14, 2023, through Aug. 25, 2023, the company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and the matter has been closed.

About Mogo Inc.

Mogo, one of Canada's leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo's trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo's wholly owned subsidiary bringing automated, fully managed flat-fee investing to Canadians, forms the heart of Mogo's digital wealth platform. Mogo also offers digital loans and mortgages. Through Mogo's wholly owned subsidiary, Carta Worldwide, it also offers a digital payments platform that powers the next-generation card programs from innovative financial technology companies in Europe and Canada.