RevoluGROUP Canada Inc. announced the resignation of Steve Marshall, Chief Executive Officer, due to health reasons. The Board has reviewed comprehensive medical history dating back to November 2022, demonstrating continuous inquiries into a pulmonary pathology associated with suspected chronic obstructive pulmonary disease alleviated by doctor-prescribed Symbicort. Despite mandated vaccinations and correctly administered boosters, Mr. Marshall suffered three particularly aggressive bouts of COVID-19 between January 2020 and July 2022.

Due to the recent worsening of symptoms, physicians have not ruled out Long COVID. Under a consensus medical recommendation, the latest medical reports show that Mr. Marshall recently traveled from Panama to Europe to consult with an internationally recognized pulmonologist on July 13th, 2023. While the specialist physician's tests continue on August 4th, Mr. Marshall must immediately reduce stress and rest.

Consequently, the Board accepts his resignation after a thorough evaluation of Steve Marshall's persistent health condition, medical records, and the uncertain prognosis of his recovery. Steve Marshall has been a key figure in guiding the Company's growth and success, and the Board of Directors expresses deep gratitude for his invaluable contributions. However, in light of the circumstances surrounding his health, Steve Marshall has made the difficult decision to step down from his position, effective immediately.

Mr. Marshall joined the Company in 2016 and served as CEO for over seven years. He oversaw and led the Company's transformation from a mining issuer to an international central bank-licensed Neobank and EU-licensed financial institution #6900 during that time. Marshall spearheaded expansion into new markets via the launch of the Company's Fintech revenue verticals and closed-loop financial system.

The Board of Directors acknowledges Steve Marshall's dedication and leadership and is committed to building upon the foundation he has established. The Board has initiated a comprehensive search process to identify a successor who will lead the Company into its next growth phase and ensure continuity in executing RevoluGROUP's strategic objectives. The search will include internal and external candidates, and the Board aims to complete the process promptly.