File: Attachment Revo - Oct 3 2024 - NR - Management CTO - inital.pdf

997 Seymour Street Suite 230, Unit 9, Vancouver, B.C. V6B 3M1

Revolugroup Canada Inc. announces Management Cease Trade Order

Vancouver, BC, October 3, 2024 Revolugroup Canada Inc. ("Revolugroup") (TSX-V: REVO) announces today a Management Cease Trade Order (MCTO) and that it has missed its filing deadline of September 28 2024 to file its audited annual financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the fiscal year ended May 31, 2024 (collectively, the "Annual Filings"), 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 ("MCTO") under National Policy 12-203 Management Cease Trade Orders ("NP 12-203") by the British Columbia 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 the 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 coordinating 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 October 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 bi-weekly 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.

Erik Aaron Lara Riveros Interim CEO

About RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a multi-asset, multidivisional, publicly traded Canadian Company deploying advanced technologies in; Banking, Mobile Apps, Money Remittance, Cross-Border Forex Payments, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, Online Travel, Vacation Resort, Blockchain Systems, and Fintech app sectors. Click here to read more.

For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com. 2

For further information, contact: RevoluGROUP Canada Inc. Telephone: (604) 800-9676

Email: info@revolugroup.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Management of the Company expects, are forward-looking statements. Although Management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if Management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

File: '\\swfile\EmailIn\20241003 162454 Attachment Revo - Oct 3 2024 - NR - Management CTO - inital.docx'

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997 Seymour Street Suite 230, Unit 9, Vancouver, B.C. V6B 3M1

Revolugroup Canada Inc. announces Management Cease Trade Order

Vancouver, BC, October 3, 2024 - Revolugroup Canada Inc. ("Revolugroup") (TSX-V: REVO) announces today a Management Cease Trade Order (MCTO) and that it has missed its filing deadline of September 28 2024 to file its audited annual financial statements and accompanying management's discussion and analysis and related CEO and CFO certificates for the fiscal year ended May 31, 2024 (collectively, the "Annual Filings"), 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 ("MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") by the British Columbia 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 the 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 coordinating 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 October 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 bi-weekly 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.

Erik Aaron Lara Riveros

Interim CEO

About RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a multi-asset, multidivisional, publicly traded Canadian Company deploying advanced technologies in; Banking, Mobile Apps, Money Remittance, Cross-Border Forex Payments, Mobile Phone Top-Ups, EGaming, Healthcare Payments, Esports, Invoice factoring, Online Travel, Vacation Resort, Blockchain Systems, and Fintech app sectors. Click here to read more.

For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com.

For further information, contact:

RevoluGROUP Canada Inc.

Telephone: (604) 800-9676

Email: info@revolugroup.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Management of the Company expects, are forward-looking statements. Although Management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if Management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.