AdRabbit Limited announced the departure of Mr. Max Bluvband as director of the Company and Mr. Shahar Hajdu as Chief Technology Officer and director of the Company, who are leaving their roles with the Company to pursue other opportunities. Messrs. Bluvband and Hajdu 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. Daniel-Paul Corsello as an independent Australian resident director of the Company. Such new appointments are subject to TSX Venture Exchange (the Exchange) approval. Mr. Corsello is a corporate advisor with Golden Venture Capital based in Melbourne, Australia, which provides consulting services for technology companies relating to, among other things, capital raising, strategic direction, M&A, marketing and growth strategies, and commercial partnerships.

Mr. Corsello was formerly the founder and managing director of Endless Solutions Cosmetic Surgery based in Port Melbourne, Victoria, Australia, a chain of clinical cosmetic clinics which included surgeons, doctors, specialists, and professional support.