Mobio Technologies Inc. Announces Completion of Acquisition of Karve IT Ltd.

(TheNewswire)

Vancouver, B.C. – November 19, 2025– TheNewswire - Mobio Technologies Inc. (TSXV: MBO) (“Mobio” or the “Company”) is pleased to announcethat the TSX Venture Exchange has accepted the Company’s acquisitionof 310,000 issued and outstanding common shares of Karve IT Ltd.(“Karve”) from Plank Ventures Ltd. (“Plank”). Theconsideration for the acquisition was the issuance of 2,861,538 commonshares in the capital of Mobio to Plank (the“Acquisition”).

Concurrently, Tracksuit Movers Inc. (“Tracksuit”),a wholly owned subsidiary of Mobio, transferred all of its investmentin Karve, consisting of 200,000 common shares, to Mobio by way ofdividend in kind. With the completion of these steps, Mobio now holds100% of the issued and outstanding shares of Karve, making Mobio thesole direct shareholder of Karve.

Karve is a British Columbia software developmentcompany operating under SaaS business model. Karve specializes indeveloping customer relationship management, franchise management andfield services software which enables operational scalability and datadriven workflows. Karve’s flagship product Move Right is in useacross 20 locations in North America.

Transaction Details:

Closing Date: The Acquisition was completed on November 19, 2025, following receiptof TSX Venture Exchange acceptance.

Dividend in Kind: Tracksuittransferred its 200,000 shares in Karve to Mobio by way of dividend inkind. These shares were valued at $120,000, or $0.60 per share.

Share Exchange: Mobio acquiredPlank’s 310,000 common shares of Karve in exchange for issuing2,861,538 Mobio common shares from treasury. Plank’s shares in Karvewere valued at $186,000, or $0.60 per share. The number of Mobioshares issued was determined using the market price closest to thedate of the purchase agreement.

Finder’s Fees: No finder’s fees were paid in connection with theAcquisition.

Non-Arm’s LengthTransaction: The Acquisition is considered a non-arm’s lengthtransaction as Mobio and Plank have common control and management. The Acquisition is exempt from the formal valuationand shareholder approval requirements pursuant to sections 5.5 and 5.7respectively of Multilateral Instrument 61-101 Protection of MinoritySecurity Holders in Special Transactions because the fair market valueof the transaction does not exceed 25% of market capitalization ofMobio.

About Mobio Technologies Inc.

Mobio Technologies Inc. ( MobioBrands.com ), a TSX VentureExchange-listed company ( TSXV:MBO ), is actively building a leading portfolioof moving and moving-related service brands, united by a dedication toquality, integrity, and exceptional customer experiences. As a publiccompany, Mobio strategically invests in both moving services and technologysolutions, aiming to provide homeowners, businesses, and entrepreneurswith a trusted, seamless network for all moving and relocationneeds.

For additional information, please contact:

Laurie Baggio ,CEO

Tel: 604-805-7498

Email: Investors@MobioBrands.com

CAUTIONARY NOTE REGARDINGFORWARD-LOOKING STATEMENTS

Other than statements of historical fact, allstatements included in this news release, including, withoutlimitation, statements regarding completion of the Acquisition, futureplans and objectives of Mobio , are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurate, and actual results andfuture events could differ materially from those anticipated in suchstatements. Factors that could cause actual results to differmaterially from those expected by Mobio are those risksdescribed herein and from time to time, in the filings made by Mobio with Canadian securities regulators. Those filings can be found on theInternet at: www.sedarplus.ca .

Neither the TSX VentureExchange nor its Regulatory Services Provider (as that term isdefined in the policies of the TSXVenture Exchange ) accepts responsibility for the adequacy oraccuracy of this release.

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