Mr. Rob Anson reports

FOBI AI INC. ANNOUNCES REVOCATION OF FAILURE TO FILE CEASE TRADE ORDER

The British Columbia Securities Commission, as principal regulator of Fobi AI Inc., has issued a full revocation of the failure-to-file cease trade order previously issued against the company on Nov. 1, 2024 (the FFCTO).

The FFCTO was issued against the company for failing to file its annual audited financial statements, related management discussion and analysis (MD&A), and certifications for the financial year ended June 30, 2024 (together, the 2024 annual filings). During the period when the FFCTO was in effect, interim financial statements, MD&A, and accompanying CEO (chief executive officer) and CFO (chief financial officer) certifications for the periods ending Sept. 30, 2024, Dec. 31, 2024, and March 31, 2025, annual financial statements, MD&A, and accompanying CEO and CFO certifications for the year ended June 30, 2025, and interim financial statements, MD&A, and accompanying CEO and CFO certifications for the periods ending Sept. 30, 2025, Dec. 31, 2025, and March 31, 2026, also became due.

The company has filed its 2024 annual filings and the additional filing, copies of which are available on the company's SEDAR+ profile. The company also announces that it has refiled its interim financial statements, MD&A, and accompanying CEO and CFO certifications for the three and six months ended Dec. 31, 2025 (the Q2 filings), copies of which are available on the company's SEDAR+ profile. The refiling amend and restate the Q2 filings originally filed on March 27, 2026, to correct an error in the accounting for professional fees and the related accounts payable, reinstate the liability, reverse the related credit to professional fees expense and recognize the associated GST/HST recoverable, and also include a clarification that the company's investment, being a guaranteed investment certificate with a carrying value of $28,751 as at Dec. 31, 2025, is pledged to Bank of Montreal as general and continuing additional security for the company's corporate credit card for a term of 12 months.

The company continues to work with the TSX Venture Exchange on a reinstatement of trading and will update the market as matters progress.

About Fobi AI Inc.

Fobi AI is a data and AI (artificial intelligence) technology company that enables digital transformation through real-time data, mobile-wallet engagement and Web3-ready solutions. By integrating strategy, technical architecture and execution, Fobi helps clients across retail, sports, health care and regulated industries translate digital initiatives into measurable business results.

We seek Safe Harbor.