Mobi724 Announces Partial Conversion of Debenture by Calgary Based Wealth Management Firm

Montreal, Quebec--(Newsfile Corp. - August 3, 2021) - Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of AI-enhanced payment card-linked solutions, is pleased to announce that on July 30, 2021 a $75,000 tranche of the convertible debenture issued on August 6, 2020 and totaling $350,000 (the "CD") was converted at the exercise price of $0.05 per share for a total of 1,500,000 common shares in accordance with the terms of the CD. Prior to this conversion event, the holder of the CD had previously converted a $100,000 tranche of the CD at an exercise price of $0.05 per share on March 19, 2021. For more information on the particulars of the convertible debenture, see Mobi724's press releases dated August 4, 2020, August 7, 2020 and March 19, 2021.

Mobi724 also announced a correction from its news release dated July 27, 2021, regarding the date of the grant of stock options to Mr. Armando Calvo Chico as part of his remuneration package. In the July 27, 2021 news release, the Company incorrectly stated that the date of the stock option grant to Mr. Calvo was June 26, 2021, when the correct date was July 26, 2021.

About Mobi724 Global Solutions Inc.

Every Transaction is An Opportunity

Mobi724 Global Solutions Inc. (TSXV: MOS) is a fintech company 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 AND IS NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION 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

Nicole Piasentini, Investor Relations
NATIONAL Capital Markets
T: 647-382-9373 npiasentini@national.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/91977