FOBI AI Inc. Announces Revocation of Failure to File Cease Trade Order

Va couve , BC, July 10, 2026 (GLOBE NEWSWIRE) — FOBI AI I c. (FOBI:TSXV) (Pi k:FOBIF) (“Fobi” o the “Compa y”), a compa y that ha esses AI a d data i tellige ce to e able digital t a sfo matio , is pleased to a ou ce that the B itish Columbia Secu ities Commissio , as p i cipal egulato of the Compa y, has issued a full evocatio (the “Revocatio ”) of the failu e-to-file cease t ade o de p eviously issued agai st the Compa y o Novembe 1, 2024 (the “FFCTO”).

The FFCTO was issued agai st the Compa y fo faili g to file its a ual audited fi a cial stateme ts, elated ma ageme t discussio a d a alysis (“MD&A”), a d ce tificatio s fo the fi a cial yea e ded Ju e 30, 2024 (togethe , the “2024 A ual Fili gs”). Du i g the pe iod whe the FFCTO was i effect, i te im fi a cial stateme ts, MD&A, a d accompa yi g CEO a d CFO ce tificatio s fo the pe iods e di g Septembe 30, 2024, Decembe 31, 2024, a d Ma ch 31, 2025, a ual fi a cial stateme ts, MD&A a d accompa yi g CEO a d CFO ce tificatio s fo the yea e ded Ju e 30, 2025, a d i te im fi a cial stateme ts, MD&A, a d accompa yi g CEO a d CFO ce tificatio s fo the pe iods e di g Septembe 30, 2025, Decembe 31, 2025 a d Ma ch 31, 2026 (togethe , the “Additio al Fili gs”) also became due.

The Compa y has filed its 2024 A ual Fili gs a d the Additio al Fili g, copies of which a e available o the Compa y’s SEDAR+ p ofile at www.seda plus.ca. The Compa y also a ou ces that it has efiled (the “Refili g”) its i te im fi a cial stateme ts, MD&A a d accompa yi g CEO a d CFO ce tificatio s fo the th ee a d six mo ths e ded Decembe 31, 2025 (the “Q2 Fili gs”) copies of which a e available o the Compa y’s SEDAR+ p ofile at www.seda plus.ca. The Refili g ame d a d estate the Q2 Fili gs o igi ally filed o Ma ch 27, 2026 to co ect a e o i the accou ti g fo p ofessio al fees a d the elated accou ts payable, ei state the liability, eve se the elated c edit to p ofessio al fees expe se a d ecog ize the associated GST/HST ecove able, a d also i clude a cla ificatio that the Compa y’s i vestme t, bei g a gua a teed i vestme t ce tificate with a ca yi g value of $28,751 as at Decembe 31, 2025, is pledged to Ba k of Mo t eal as ge e al a d co ti ui g additio al secu ity fo the Compa y’s co po ate c edit ca d fo a te m of twelve mo ths.

The Compa y co ti ues to wo k with the TSX Ve tu e Excha ge (“TSXV”) o a ei stateme t of t adi g a d will update the ma ket as matte s p og ess.

About Fobi

Fobi AI I c. (TSXV: FOBI, Pi k: FOBIF) is a data a d AI tech ology compa y that e ables digital t a sfo matio th ough eal-time data, mobile-wallet e gageme t, a d Web3- eady solutio s. By i teg ati g st ategy, tech ical a chitectu e, a d executio , Fobi helps clie ts ac oss etail, spo ts, healthca e, a d egulated i dust ies t a slate digital i itiatives i to measu able busi ess esults.

Fo mo e i fo matio , please co tact:

Fo wa d Looki g Stateme ts/I fo matio :

This ews elease co tai s ce tai stateme ts which co stitute fo wa d-looki g stateme ts o i fo matio , i cludi g stateme ts ega di g the te ms of esumptio of t ade of the Compa y’s sha es o the TSX Ve tu e Excha ge, the eceipt of all ecessa y app ovals i co ectio with same, a d othe stateme ts cha acte ized by wo ds such as “a ticipates,” “may,” “ca ,” “pla s,” “believes,” “estimates,” “expects,” “p ojects,” “ta gets,” “i te ds,” “likely,” “will,” “should,” “to be”, “pote tial” a d othe simila wo ds, o stateme ts that ce tai eve ts o co ditio s “may”, “should” o “will” occu . Such fo wa d-looki g stateme ts a e subject to ume ous isks a d u ce tai ties, some of which a e beyo d the Compa y’s co t ol, i cludi g, without limitatio , ma ket competitio , the impact of ge e al eco omic a d i dust y co ditio s, competitio , stock ma ket volatility, TSX Ve tu e Excha ge app oval co ditio s, a d the ability to access sufficie t capital f om i te al a d exte al sou ces. Although the Compa y believes that the expectatio s i its fo wa d-looki g stateme ts a e easo able, they a e based o facto s a d assumptio s co ce i g futu e eve ts which may p ove to be i accu ate. Those facto s a d assumptio s a e based upo cu e tly available i fo matio . Such fo wa d-looki g stateme ts a e subject to k ow a d u k ow isks, u ce tai ties a d othe facto s that could i flue ce actual esults o eve ts a d cause actual esults o eve ts to diffe mate ially f om those stated, a ticipated o implied i the fo wa d-looki g stateme ts. Amo g the key facto s that could cause actual esults to diffe mate ially f om those p ojected i the fo wa d-looki g i fo matio a e the followi g: cha ges to volatile excha ge ates, ma ket co ditio s, ma ket competitio a d othe eco omic a d ma ket facto s. This fo wa d-looki g i fo matio may be affected by isks a d u ce tai ties i the busi ess of the Compa y a d ma ket co ditio s. As such, eade s a e cautio ed ot to place u due elia ce o the fo wa d-looki g stateme ts, as o assu a ce ca be p ovided as to futu e pla s, ope atio s, a d esults, levels of activity o achieveme ts.

The fo wa d-looki g stateme ts co tai ed i this ews elease a e made as of the date of this ews elease a d, except as equi ed by applicable law, the Compa y does ot u de take a y obligatio to publicly update o to evise a y of the i cluded fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts o othe wise. The fo wa d-looki g stateme ts co tai ed i this docume t a e exp essly qualified by this cautio a y stateme t. T adi g i the secu ities of the Compa y should be co side ed highly speculative. The e ca be o assu a ce that the Compa y will be able to achieve all o a y of its p oposed objectives.

Neithe the TSX Ve tu e Excha ge o its Regulatio Se vices P ovide (as that te m is defi ed i the policies of the TSX Ve tu e Excha ge) accepts espo sibility fo the adequacy o accu acy of this elease.