Mr. Marcel Vienneau reports

MOBI724 GLOBAL SOLUTIONS ANNOUNCES CLOSING OF AN UNSECURED CONVERTIBLE DEBENTURES PRIVATE PLACEMENT FINANCING IN THE AMOUNT OF $700,000

Mobi724 Global Solutions Inc. has closed a non-brokered private placement financing, consisting of unsecured convertible debentures in the amount of $700,000.

The unsecured convertible debentures issued pursuant to the closing of the offering mature three years from issuance on March 23, 2026, and bear interest at a rate of 10 per cent per annum. The debentures are convertible into common shares at a price of five cents (if converted after one year, the conversion price will revert to 10 cents pursuant to TSX Venture Exchange policies). At maturity, the company shall have the option to convert the debentures. As part of the offering, the company also issued 11,666,666 detachable common share purchase warrants. Each whole warrant entitles the holder thereof to purchase one common share for a period of three years expiring March 23, 2026, at a price of six cents per warrant share.

The offering was sold pursuant to exemptions from prospectus requirements. The proceeds from the closing of the offering will be added to working capital in furtherance of the company's business. The securities issued pursuant to the offering shall be subject to a statutory hold period of four months and one day expiring July 24, 2023. Completion of the private placement remains conditional to the final approval of the TSX Venture Exchange.

About Mobi724 Global Solutions Inc.

Every transaction is an opportunity.

Mobi724 is an AI-powered (artificial intelligence) fintech company that provides a platform, that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. Mobi724's objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences and generating incremental commercial opportunities to its clients.

We seek Safe Harbor.