Mr. Greg Feller reports

MOGO ANNOUNCES THREE-YEAR EXTENSION TO CREDIT FACILITY WITH FORTRESS INVESTMENT GROUP

Mogo Inc. has amended its existing senior credit facility with funds managed by affiliates of Fortress Investment Group LLC. This credit facility supports Mogo's digital credit solution.

The amended facility extends the maturity date by three years, until Jan. 2, 2029, reduces the interest rate by 100 basis points and increases the available capital from $60.0-million to $100.0-million in certain circumstances.

"With this amended facility, we lower our cost of capital while also increasing our financial flexibility and access to capital to support long-term growth," said Greg Feller, president and chief financial officer. "Fortress has been an excellent financial partner to Mogo for more than 10 years, and we're pleased to extend this relationship with one of the world's most respected investment managers."

About Mogo Inc.

Mogo is a digital wealth and payment company headquartered in Vancouver, Canada, with more than two million members, $12.0-billion in annual payments volume and an approximately 13-per-cent equity stake in Canada's leading crypto exchange WonderFi. Mogo offers simple digital solutions to help its members dramatically improve their path to wealth creation and financial freedom. Mogo offers commission-free stock trading that helps users thoughtfully invest based on a Warren Buffett approach to long-term investing -- while also making a positive impact with every investment. Moka offers Canadians a real alternative to mutual funds and wealth managers that overcharge and underperform with a fully managed investing solution based on the proven outperformance of an S&P 500 strategy and at a fraction of the cost. Through its wholly owned digital payment subsidiary, Carta Worldwide, Mogo also offers a low-cost payment platform that powers next-generation card programs for companies across Europe and Canada. The company, which was founded in 2003, has approximately 200 employees across its offices in Vancouver, Toronto, London and Casablanca.

We seek Safe Harbor.