Vancouver, B.C. - TheNewswire – November 3, 2021. Mobio Technologies Inc. (TSXV:MBO) (“Mobio” or the “Company”) announces that it has been negotiating a potential acquisition of certain businesses (the “Transaction”).  The terms of the Transaction have not been finalized and there are no binding agreements at this time.  The Company will provide an update if and when the final binding agreement is reached.

For additional information please contact:

Laurie Baggio, CEO Tel:  604-805-7498 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 profiles 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.