File: '\\swfile\EmailIn\20241017 112215 Attachment Revo - NR - October 17th 2024.docx'

997 Seymour Street Suite 230 - Unit 9, Vancouver, BC, Canada, V6B 3M1

www.RevoluGROUP.com

TSX Venture Exchange Symbol: REVO

Email: info@RevoluGROUP.com

Telephone: (604) 800 9676

NEWS RELEASE

October 17th, 2024

REVOLUGROUP CANADA INC. ANNOUNCES MANAGEMENT CEASE TRADE ORDER UPDATE AND BOARD CHANGES

October 17, 2024 - Vancouver, British Columbia - RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) ("RevoluGROUP" or the "Company") provides an update in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") regarding the previously announced Management Cease Trade Order ("MCTO") issued by the British Columbia Securities Commission ("BCSC") on September 28, 2024.

The MCTO was issued due to the Company's delay in filing its audited annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the fiscal year ended May 31, 2024 (the "Annual Filings"). The Company continues to work diligently to complete the required Annual Filings and further to the October 3rd, 2024, News Release, expects to file them by November 30, 2024.

As required by NP 12-203, RevoluGROUP will continue to issue bi-weekly updates until the Annual Filings are completed. The Company confirms that, as of the date of this news release and except for the information disclosed herein, there have been no material changes or developments that have not been publicly disclosed.

The MCTO restricts the trading of securities by the Company's CEO, CFO, and certain other insiders until the Annual Filings are filed. The general public will continue to be able to trade RevoluGROUP shares on the TSX Venture Exchange.

Board Update

The Company announces that, following careful consideration, Interim CEO Erik Aaron Lara Riveros, Interim CFO Dominic Duru, and Chairman Yoel Rosenheck have submitted their resignations, effective October 16th, 2024, from the Company and all subsidiaries. Their decision allows the Company to appoint a new leadership team better suited to guide RevoluGROUP through its ongoing development and financing efforts. The Company thanks them for their service during this transitional period.

Loan Update

The $500,000 USD Loan from Meridien Holdings announced on September 9th, 2024, was not completed and has been cancelled in full.

May 6th 2024 Private Placement Update

Furthermore, the Company wishes to inform shareholders that the private placement announced on May 6, 2024, has not been completed and has been cancelled effective immediately.

About RevoluGROUP Canada Inc.

RevoluGROUP is a multi-asset, 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, online travel, vacation resorts, blockchain systems, and fintech app sectors.

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

RevoluGROUP Canada, Inc.

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: Attachment Revo - NR - October 17th 2024.pdf

997 Seymour Street Suite 230 - Unit 9, Vancouver, BC, Canada, V6B 3M1 www.RevoluGROUP.com

TSX Venture Exchange Symbol: REVO Telephone: (604) 800 9676 Email: info@RevoluGROUP.com

NEWS RELEASE October 17th, 2024

REVOLUGROUP CANADA INC. ANNOUNCES MANAGEMENT CEASE TRADE ORDER UPDATE AND BOARD CHANGES

October 17, 2024 Vancouver, British Columbia RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) ("RevoluGROUP" or the "Company") provides an update in accordance with National Policy 12-203 Management Cease Trade Orders ("NP 12-203") regarding the previously announced Management Cease Trade Order ("MCTO") issued by the British Columbia Securities Commission ("BCSC") on September 28, 2024.

The MCTO was issued due to the Company's delay in filing its audited annual financial statements, management's discussion and analysis, and related CEO and CFO certifications for the fiscal year ended May 31, 2024 (the "Annual Filings"). The Company continues to work diligently to complete the required Annual Filings and further to the October 3rd, 2024, News Release, expects to file them by November 30, 2024.

As required by NP 12-203, RevoluGROUP will continue to issue bi-weekly updates until the Annual Filings are completed. The Company confirms that, as of the date of this news release and except for the information disclosed herein, there have been no material changes or developments that have not been publicly disclosed.

The MCTO restricts the trading of securities by the Company's CEO, CFO, and certain other insiders until the Annual Filings are filed. The general public will continue to be able to trade RevoluGROUP shares on the TSX Venture Exchange.

Board Update

The Company announces that, following careful consideration, Interim CEO Erik Aaron Lara Riveros, Interim CFO Dominic Duru, and Chairman Yoel Rosenheck have submitted their resignations, effective October 16th, 2024, from the Company and all subsidiaries. Their decision allows the Company to appoint a new leadership team better suited to guide RevoluGROUP through its ongoing development and financing efforts. The Company thanks them for their service during this transitional period. Loan Update The $500,000 USD Loan from Meridien Holdings announced on September 9th, 2024, was not completed and has been cancelled in full. May 6th 2024 Private Placement Update Furthermore, the Company wishes to inform shareholders that the private placement announced on May 6, 2024, has not been completed and has been cancelled effective immediately.

About RevoluGROUP Canada Inc. RevoluGROUP is a multi-asset, 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, online travel, vacation resorts, blockchain systems, and fintech app sectors.

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

RevoluGROUP Canada, Inc.

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.