Mr. Rob Anson reports

FOBI AI ANNOUNCES COMPLETION OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Fobi AI Inc. has completed its second tranche closing of a non-brokered private placement financing previously announced on Dec. 12, 2025, and further to the first tranche closing announced on Jan. 23, 2026. The second tranche was composed of the issuance of 10 million units of the company at a price per unit of five cents for aggregate gross proceeds of $500,000. Each unit consisted of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share at an exercise price of 10 cents until 36 months from the date of issuance of the warrants. The common shares and warrants comprising the units as well as the common shares issuable upon exercise of the warrants are subject to a four-month-and-one-day hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation, as well as the provisions of the failure-to-file cease trade order issued against the company on Nov. 1, 2024. No finders' fees were paid in connection with the second tranche.

The company intends to use the net proceeds of the offering for sales and marketing, product expansion and integration, market expansion, and general working capital and corporate expenses.

The offering is subject to the final approval of the TSX-V.

As previously disclosed, the company is currently subject to a cease trade order issued by the B.C. Securities Commission as a result of the company's failure to file certain continuous disclosure documents within the prescribed time periods. The BCSC has granted a partial revocation order dated Dec. 12, 2025, to its CTO to permit the company to complete the offering. The company is actively working to remedy the default and expects to apply for a full revocation of the CTO upon completion of its outstanding filings. Until the CTO is revoked, the company's securities will remain subject to trading restrictions and may not be traded by the public.

About Fobi AI Inc.

Fobi AI is a data and artificial intelligence technology company that enables digital transformation through real-time data, mobile wallet engagement and Web3-ready solutions. By integrating strategy, technical architecture and execution, Fobi helps clients across retail, sports, health care and regulated industries translate digital initiatives into measurable business results.

We seek Safe Harbor.