Vancouver, B.C. – TheNewswire - August 22nd 2023 - Mobio Technologies Inc. (TSXV:MBO) (“Mobio”) announces that Ms. Monica Lissimore resigned from her role as Chief Financial Officer of Mobio Technologies on August 21st, 2023. She was a tremendous asset to Mobio Technologies and will be sorely missed. We wish Monica all the best as she moves on to another early-stage company to assist them in setting up their organization for growth. Monica has been replaced by Vladislav Pasko effective August 22nd, 2023.

Vladislav Pasko has over 10 years of experience in a variety of industries, specializing in accounting, financial reporting, investment valuations and financial management for both private and publicly traded companies. Prior to joining Mobio, he held a key financial leadership role at Codix Management Ltd., where he was instrumental in building and overseeing a team of finance professionals that provide solutions on all aspects of finance, accounting and business-related issues. Vladislav was also responsible for the valuation and financial reporting of technology-heavy investment portfolios for several publicly traded investment companies. In addition, he has extensive experience in developing core financial and operational processes, creating business models, building budgets, and providing business analysis for various private companies.

Vladislav commented: “I am honored to be a part of Mobio's talented team and contribute to the company's financial growth and stability. I look forward to driving innovation, optimizing financial performance, and creating value for all stakeholders”.

About Mobio Technologies Inc.

Mobio is a publicly traded company on the TSX Venture Exchange, headquartered in Vancouver, BC, and runs Strutta.com Media Inc. Strutta is a social promotions platform that helps marketers bring potential customers from stranger to fan to customer, and Strutta’s Promotions API provides a technology platform that facilitates social media competitions and campaigns for global brands. For more information visit www.mobio.net.

For additional information please contact:

Laurie Baggio, CEO Tel:  778-300-7565 ir@mobio.net

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of Mobio are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Mobio are those risks described herein and from time to time, in the filings made by Mobio with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com under the profile of Mobio.

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