Mr. Steve Marshall reports

REVOLUGROUP CANADA INC. ANNOUNCES SHARES FOR DEBT TRANSACTION

Revolugroup Canada Inc. executive management today signed a corporate resolution in which the company plans to settle and extinguish $164,536.15 of the company's outstanding debt through the issuance of common shares of the company. In accordance with the settlement of debt, the company intends to issue 2,056,702 common shares at a deemed price of eight cents per common share to four creditors of the company. The company wishes to settle and extinguish the debt through the issuance of common shares to preserve cash and improve the company's balance sheet.

The debt settlement involves the issuance of a combined 2,056,702 common shares to certain directors and officers. An aggregate of 1,736,308 common shares is to be issued to the company's chief executive officer representing $138,904.63 in extinguishment of the debt owing to him personally and to a company he controls and directs for services rendered in his capacity as chief executive officer. An aggregate of 320,394 common shares is to be issued to four directors representing $25,631.52 in extinguishment of the debt owing to them.

The debt settlement is subject to acceptance and approval by the TSX Venture Exchange. Any common shares issued pursuant to the debt settlement are subject to a four-month hold period, which will expire on the date that is four months and one day from the date of eventual issuance.

The debt settlement involving the related parties constitutes a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions. The company would rely on the exemptions from the valuation and the minority approval requirements of MI 61-101 provided for in subsections 5.5(a) and 5.7(a) of MI 61- 101, respectively, as the fair market value of the subject of, and the consideration paid in the debt settlement, in relation to the interested parties, does not represent more than 25 per cent of the company's market capitalization, as determined in accordance with MI 61-101. The participation by the related parties in the debt settlement has been approved by the directors of the company.

About RevoluPAY

The company's flagship neo-banking 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, and travel payments. RevoluPay is aimed squarely at the worldwide multibillion-dollar open banking sector, cross-border forex payments and the plus-$595-billion family remittance market. RevoluPay is operated by the European wholly owned subsidiary RevoluPay EP SL situated in Barcelona. RevoluPay is a licensed U.S. MSB (money services business), Canadian FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and European PSD2 payment institution (No. 6900), under the auspices of European Union Directive 2015/2366, with EU 27-country passporting, and an 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 forex payments, mobile phone top-ups, e-gaming, health care payments, e-sports, invoice factoring, on-line travel, vacation resort, blockchain systems and fintech (financial technology) app sectors.

We seek Safe Harbor.