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Mobio Announces Proposed Extension of Warrant Term





Vancouver, B.C. - TheNewswire - August 11, 2020 - Mobio Technologies Inc. (TSXV:MBO) ("Mobio" or the "Company") announces that, subject to approval by the TSX Venture Exchange (the "Exchange") it intends to extend the expiry date of 4,068,750 common share purchase warrants that were issued on August 24, 2016, pursuant to a non-brokered private placement financing (the "Warrants").

The Warrants are exercisable for common shares of the Company at a price of $0.30 per common share and presently bear an expiry date of August 24, 2019. The Company is proposing to extend the expiry date of the Warrants by an additional 12 months to 4:00 p.m. (Pacific Time) on August 24, 2021.

All terms and conditions of the Warrants, including the exercise price, will remain the same. Additional details of the warrants are provided in the Company's press release dated August 24, 2016.

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 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.

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.