Vancouver, British Columbia - TheNewswire - July 10, 2023 - AdRabbit Limited (TSXV:RABI) (the "Company") is pleased to announce that it has rectified its continuous disclosure deficiencies as noted below, and the British Columbia Securities Commission (“BCSC”) has revoked the management cease trade order (“MCTO”) previously issued by the BCSC under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”).

As previously announced, the MCTO was issued by the BCSC at the request of the Company in connection with the late filing of its audited financial statements for its fiscal year ended December 31, 2022, its management's discussion and analysis relating thereto and related materials (collectively, the "Annual Required Filings"). As a result of the delay in completing the Annual Required Filings, the Company was also late in the filing of its interim financial statements, management’s discussion and analysis and related materials for the three-months ended March 31, 2023 (the “Interim Required Filings”).

The BCSC has revoked the MCTO as both the Annual Required Filings and Interim Required Filings were filed by the Company on June 30, 2023, copies of which are available on the Company’s SEDAR profile at www.sedar.com.

For further information, please contact:

Noah Hershcoviz, Interim CEO and Director of the Company

Email: noah@alabs.co  

Telephone: (604) 283-6110

NEITHER THE TSX VENTURE EXCHANGE INC. NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Caution Regarding Forward-Looking Information

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company has attempted to identify important factors that could cause actual actions, events, conditions, results, performance, or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events, conditions, results, performance, or achievements to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future, as at the date they are provided. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Accordingly, investors should not place undue reliance on forward-looking statements. All the forward-looking statements are expressly qualified by the foregoing cautionary statements.