August 7, 2024 – Richmond, BC – TheNewswire – ICARUS CAPITAL CORP. (TSXV: ICRS)

Icarus Capital Corp is pleased to have filed its unaudited consolidated interim financial statements and MD&A for the three months and six months ended June 30, 2024.

In summary, revenues were $273,005 and gross profit of $84,103 for the quarter ended June 30, 2024 (revenues of $578,274 and gross profit of $206,153 for the six months ended June 30, 2024).  For the quarter, on consolidation, Icarus reported a loss of $104,942 or $0.02 per share, compared to a loss of $32,554 or $0.01 per share for the three months ended June 30, 2023.

On June 28, 2024 the non-arm’s length acquisition of all the outstanding shares of Yuichi Inc. from Garry Yuill, CFO was approved – which will add Yuk Yuk’s Comedy Club Surrey to Icarus Capital Corp.’s operations (as previously announced in a news release dated June 28, 2024). On July 1, 2024 the acquisition was completed.

About Icarus

Icarus trades on the TSX-V as “ICRS”. Icarus operates a “Yuk Yuk’s” Comedy Club in Calgary, Alberta, a “Yuk Yuk’s” Comedy Club in Surrey, BC, hosts comedy events in theatres in British Columbia; and operates its subsidiary Yuk Yuk’s Media.

Further Information

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION 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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the transactions; the business plans of Icarus; use of funds; and the business and operations of the Issuer. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay and failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

For further information regarding the above, please contact:

Garry Yuill, Chief Financial Officer, Icarus Capital Corp.

Email: garry@icaruscapital.ca

Telephone:         (778) 866 - 9041

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES