Mobi724 Announces the Appointment of a New Chief Financial Officer to Replace Its Interim CFO

Montreal, Quebec--(Newsfile Corp. - February 19, 2021) - Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of AI-enhanced payment card-linked incentives, announces that effective March 15, 2021 (the "Effective Date"), and subject to regulatory and exchange approvals, Mathieu Laurin, CPA, CGA, will assume the role of Chief Financial Officer from Allan Rosenhek, who has been acting as the interim CFO since April 18, 2019 and who will continue to oversee the transition until the Effective Date.

Allan Rosenhek, a co-founder, board director, and significant shareholder of Mobi724, was named Interim CFO in April 2019 in order to assist the company until a replacement was found. Allan continued to exercise this role for a longer period than had initially been expected given the unprecedented challenges brought about by COVID-19. Allan will continue his strategic guidance as an active board member with a focus on the M&A activities.

Mathieu Laurin has been working in close collaboration with Allan and the rest of the senior management team, the Company's directors, and the audit committee since 2018. Mathieu is a graduate of UQAM, and holds a CPA certification.

Marcel Vienneau, CEO of Mobi724 said: "Allan has been instrumental in a number of important developments during his tenure as an interim CFO. Allan with his knowledge and experience played a key role in getting the company through the challenges of COVID-19. We are very grateful for his contribution in this role, especially considering that he served for a significantly longer period than was initially anticipated. We are delighted to be able to promote Mathieu to this new executive position as he has demonstrated leadership and a strong dedication to Mobi724."

Allan Rosenhek, CFO of Mobi724 said: "I have been impressed with Mathieu's financial skills during his 2 ½ years with the Company. Mathieu played an invaluable role during the worst days of the pandemic. I have enjoyed working closely with him and I look forward to collaborating with him in his new role."

About Mobi724 Global Solutions Inc.

Mobi724 Global Solutions Inc. (TSXV: MOS) is a fintech company which provides a platform, that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. Mobi724's objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences & generating incremental commercial opportunities to its clients.

Legal Disclaimer

Mobi724 cautions investors that any forward-looking statements or projections made by Mobi724 are subject to risks and uncertainties, that may cause actual results to differ materially from those projected. Such factors include, but are not limited to, those described under Item 'Risk Factors and Uncertainties' in the Company's Management Discussion and Analysis, available on SEDAR.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute a solicitation to buy or sell any securities in the United States.

Investor Relations:

For further information, please visit www.MOBI724.com or contact:

Marcel Vienneau, CEO
Mobi724 Global Solutions Inc.
T: 514-394-5200 ir@mobi724.com

Eli Rozhansky, Investor Relations Coordinator
Mobi724 Global Solutions Inc.
T: 514-394-5200 ir@mobi724.com

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