Mr. Rob Anson reports

FOBI AI ANNOUNCES COMPLETION OF NON-BROKERED PRIVATE PLACEMENT

Fobi AI Inc. has completed its third-tranche closing effective March 19, 2026, of a non-brokered private placement financing previously announced on Dec. 12, 2025 (and with the first- and second-tranche closings completed and announced on Jan. 23, 2026, and Feb. 3, 2026, respectively), therefore completing the offering of 27,084,000 units of the company at a price per unit of five cents for aggregate gross proceeds of $1,354,200.

The third tranche comprised the issuance of seven million units at a price per unit of five cents for aggregate gross proceeds of $350,000. 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.

In connection with the third tranche, the company entered into finders' fees agreements with Haywood Securities Inc. and Ventum Financial Corp., being arm's-length finders. In connection with the closing of the third tranche, an aggregate of $17,500 was paid in cash and a total of 350,000 non-transferable finder warrants were issued. Each of the finder warrants has the same terms as the warrants.

Rob Anson, chief executive officer of Fobi, commented: "We are pleased to announce the closing of the offering. Raising capital in the small-cap markets can be challenging under normal conditions, and this process was further impacted by the company's CTO as well as broader global uncertainty and market volatility.

"Throughout this period, we remained focused on disciplined execution and meeting all regulatory requirements. This closing represents a significant milestone in our progress toward successfully achieving our relisting approval and the resumption of trading.

"We acknowledge and appreciate the continued support of our shareholders. Their patience and commitment reflect a strong conviction in our long-term strategy and the future direction of the company.

"Following this milestone, we now turn our focus to the posting of our annual 2025, Q1/26 and Q2/26 financial filings."

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 CTO issued by the British Columbia Securities Commission (BCSC) 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, for the 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 AI (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.