Mr. Steve Marshall reports

REVOLUGROUP CANADA INC. PROVIDES CORPORATE UPDATE

Revolugroup Canada Inc. has released a corporate update:

• TSX Venture Exchange approves 30-day private placement extension;
• Lebanese Red Cross to begin humanitarian payments;
• Revolugroup USA concludes annual audit;
• Steve Marshall, chief executive officer, meetings in Andorra.

Thirty-day private placement extension

Further to the news release dated April 26, 2023, regarding the negotiated non-brokered private placement, the company informs shareholders that the principal of the strategic investor HBDIG Technologies GmbH informed management of a particularly severe bout of COVID, rendering him unfit to finalize the pending private placement. As such, the company has sought and received approval from the TSX-V to extend the closing date of the proposed financing for up to 30 days ending on July 10, 2023.

Lebanese Red Cross to commence humanitarian payments

Further to the news release dated June 16, 2021, the company received a petition to open humanitarian-designated accounts in the name of the Lebanese Red Cross (LRC) to ultimately facilitate the direct channelling of LRC humanitarian aid into Lebanon through RevoluPAY and remittance partner MillionBridges. Corporate compliance has approved the LRC segregated accounts, and management awaits the final countersigned agreement this week. The company expects the humanitarian financial aid to begin flowing into Lebanon through the new LRC RevoluPAY accounts before the end of the month.

Revolugroup USA concludes annual audit

The company is pleased to announce that the annual Revolugroup USA Inc. audit has concluded successfully. The annual audit is a Florida Office of Financial Regulation compliance requisite supporting the Revolugroup USA (doing business as RevoluPAY) money transmitters Part II licence, with expanded implicit regulatory approval for Part III financial activities by the Florida Office of Financial Regulation, recently extended until April 30, 2025.

Mr. Marshall, CEO, meetings in Andorra

Corporate CEO Mr. Marshall travelled to Andorra from June 5 to June 9, 2023. Meetings included discussions with the principal of an Andorran investment advisory firm exploring potential mutual business interests concerning RevoluPAY's pan-European banking ability and PSD2 (payment services directive 2) passporting.

Andorra, a small landlocked country in the Pyrenees Mountains between Spain and France, has emerged as a key financial hub in recent years. Despite its modest size and population, Andorra has established itself as an attractive destination for international investors and financial institutions. Andorra maintains a well-developed banking sector, offering a range of financial services to both domestic and international clients. Over all, Andorra's combination of favourable tax policies, stable political and economic environment, strong banking sector, and strategic location has positioned it as a key financial hub, attracting international investors and businesses looking for a secure and advantageous financial environment. Shareholders are reminded that Andorra has been among RevoluPAY transacting countries since the outset. The company expects to update shareholders shortly concerning Andorran-focused positive developments due to Mr. Marshall's meetings.

About RevoluPAY

The company's flagship neobanking technology is RevoluPAY, the Apple and Android multinational payment app. Conceived entirely in house, RevoluPAY features proprietary, sector-specific technology of which the resulting source code is the company's intellectual property. RevoluPAY's built-in features include remittance payments, forex (foreign exchange), crypto-to-fiat exchange, retail and hospitality payments, real estate payments, pay-as-you-go phone top-ups, gift cards and on-line credits, utility bill payments, gaming credits, leisure payments, travel payments et cetera. RevoluPAY is aimed squarely at the worldwide multibillion dollar open banking sector, cross-border forex payments, and over $595-billion family remittance market. RevoluPAY is operated by the European wholly owned subsidiary RevoluPAY EP SL, situated in Barcelona. RevoluPAY is a licensed United States MSB (money services business), Canadian FINTRAC (Financial Transaction and Reports Analysis Centre of Canada), and European PSD2 payment institution 6900 under the auspices of EU (European Union) directive 2015/2366 with EU 27 country passporting, and official issuer of Visa cards and authorized Visa affiliate member. Revolugroup Canada controls five wholly owned subsidiaries on four continents.

About Revolugroup Canada Inc.

Revolugroup Canada is a multiasset, multidivisional, publicly traded Canadian company, deploying advanced technologies in: banking, mobile apps, money remittance, cross-border foreign exchange payments, mobile phone top-ups, e-gaming, health care payments, e-sports, invoice factoring, on-line travel, vacation resort, blockchain systems and fintech app sectors.

We seek Safe Harbor.