AdRabbit Limited announced the departure of Mr. Max Bluvband as Chief Executive Officer leaving his role with the Company to pursue other opportunities. Messrs. Bluvband will remain engaged by the Company to act as non-management consultants and assist with continuous disclosure, administrative and remaining operational matters.

The Company has appointed Mr. Noah Hershcoviz, current director and chairman of AdRabbit board of directors, as interim Chief Executive Officer of the Company. Such new appointments are subject to TSX Venture Exchange (the Exchange) approval. Mr. Hershcoviz is a managing partner at A-Labs Finance and Advisory Ltd., a private Israeli-based financial and capital markets advisory firm.

Mr. Hershcoviz is a finance and business specialist to companies in varying industries and has experience leading and executing complex transactions such as financings, reverse takeovers and M&A, including go-public transactions on the TSX Venture Exchange and NASDAQ.