Mr. Erik Riveros reports

REVOLUGROUP CANADA INC. ANNOUNCES MANAGEMENT CEASE TRADE ORDER

Revolugroup Canada Inc. has received a management cease trade order, and it has missed its filing deadline of Sept. 28, 2024, to file its audited annual financial statements and accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certificates for the fiscal year ended May 31, 2024, as required under applicable Canadian securities laws.

In connection with Revolugroup's inability to file the annual filings on time, it has been approved for a management cease trade order under National Policy 12-203 (Management Cease Trade Orders) by the B.C. Securities Commission. Revolugroup applied for the MCTO as a result of delays in retrieving financial information attributable to the appointment of a new management group for the company, as well as its wholly owned Spanish Subsidiary EPSL, an entity regulated by Bank of Spain. This has impacted Revolugroup's ability to complete its annual audited financial statements and has subsequently caused a delay in completion of the annual filings. Revolugroup remains confident in its ability to complete these annual filings, and it anticipates it will require approximately four additional weeks to complete the process. Revolugroup is co-ordinating specific tasks to be completed on a timely basis and will use its best efforts to complete the process within this timeline.

Revolugroup expects to file the annual filings as soon as they are available, but is looking at completion by or about Oct. 30, 2024.

Until Revolugroup files the annual filings, it will comply with the alternative information guidelines set out in NP 12-203. These guidelines, among other things, require Revolugroup to issue biweekly default status reports, in the form of news releases, for so long as the annual filings have not been filed.

During the MCTO, the general investing public will continue to be able to trade in Revolugroup's common shares listed on the TSX Venture Exchange. However, Revolugroup's chief executive officer and chief financial officer and such other directors, officers and persons as determined by the applicable regulatory authorities will not be able to trade in Revolugroup's shares, nor will Revolugroup be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee until such time as the annual filings and all continuous disclosure requirements have been filed by Revolugroup, and the MCTO has been lifted.

Revolugroup confirms that, as of the date of this news release, there are no insolvency proceedings against it, and there is no other material information concerning its affairs that has not been generally disclosed.

About Revolugroup Canada Inc.

Revolugroup 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.