Mogo Inc. announced that it has amended its marketing collaboration agreement with Postmedia Network Inc. ("Postmedia") and extended the agreement until December 31, 2024. Under the extended agreement (which is effective January 1, 2023), Mogo will receive discounted access to Postmedia's network. As part of the extended agreement, the companies agreed to: amend the exercise price of the 77,778 outstanding warrants of the Company held by Postmedia to $2.79 per share, each such warrant entitling Postmedia to acquire one Mogo share, and extend the term of these warrants from January 25, 2023 to September 20, 2025.

The amendments to the outstanding warrants will be effective as of the date that is ten business days following the date hereof. In addition, Mogo will issue an additional 89,000 warrants, each such new warrant entitling Postmedia to acquired one Mogo share at the same price as the amended warrants for a period of 2 years and 6 months from the date of issuance. Issuance of the 89,000 new warrants and the amendments to the existing warrants are subject to TSX approval.