Mr. Laurie Baggio reports

MOBIO TECHNOLOGIES INC. ANNOUNCES COMPLETION OF ACQUISITION OF KARVE IT LTD.

The TSX Venture Exchange has accepted Mobio Technologies Inc.'s acquisition of 310,000 issued and outstanding common shares of Karve IT Ltd. from Plank Ventures Ltd. The consideration for the acquisition was the issuance of 2,861,538 common shares in the capital of Mobio to Plank.

Concurrently, Tracksuit Movers Inc., a wholly owned subsidiary of Mobio, transferred all of its investment in Karve, consisting of 200,000 common shares, to Mobio by way of dividend in kind. With the completion of these steps, Mobio now holds 100 per cent of the issued and outstanding shares of Karve, making Mobio the sole direct shareholder of Karve.

Karve is a British Columbia software development company operating under an SaaS (software-as-a-service) business model. Karve specializes in developing customer relationship management, franchise management and field services software, which enables operational scalability and data driven workflows. Karve's flagship product, Move Right, is in use across 20 locations in North America.

Transaction details

Closing date:  The acquisition was completed on Nov. 19, 2025, following receipt of TSX Venture Exchange acceptance.

Dividend in kind:  Tracksuit transferred its 200,000 shares in Karve to Mobio by way of dividend in kind. These shares were valued at $120,000 or 60 cents per share.

Share exchange:  Mobio acquired Plank's 310,000 common shares of Karve in exchange for issuing 2,861,538 Mobio common shares from treasury. Plank's shares in Karve were valued at $186,000 or 60 cents per share. The number of Mobio shares issued was determined using the market price closest to the date of the purchase agreement.

Finders' fees:  No finders' fees were paid in connection with the acquisition.

Non-arm's-length transaction:  The acquisition is considered a non-arm's-length transaction as Mobio and Plank have common control and management. The acquisition is exempt from the formal valuation and shareholder approval requirements pursuant to sections 5.5 and 5.7, respectively, of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, because the fair market value of the transaction does not exceed 25 per cent of market capitalization of Mobio.

About Mobio Technologies Inc.

Mobio, a TSX Venture Exchange-listed company, is actively building a leading portfolio of moving and moving-related service brands, united by a dedication to quality, integrity and exceptional customer experiences. As a public company, Mobio strategically invests in both moving services and technology solutions, aiming to provide homeowners, businesses and entrepreneurs with a trusted, seamless network for all moving and relocation needs.

We seek Safe Harbor.