Plank Ventures Ltd. Announces Sale of its Investment in Karve IT Ltd.

(TheNewswire)

Vancouver, B.C. – September 25, 2025 – TheNewswire - Plank Ventures Ltd. (“Plank” orthe “Company”) (CSE:PLNK) announces that it has entered into a bindingshare purchase agreement with Mobio Technologies Inc. (TSXV: MBO)(“Mobio”) pursuant to which Plank has agreed to sell itsinvestment in Karve IT Ltd. (“Karve”) consistingof 310,000 common shares of Karve in exchange for 2,861,538 commonshares of Mobio (the “Agreement”).

Karve is a software development company operating underSaaS business model. Karve specializes in developing customerrelationship management, franchise management and field servicessoftware which enables operational scalability and data drivenworkflows. Karve’s flagship product Move Right is in use across 20locations in North America.

Completion of the Acquisition is subject to regulatoryacceptance. The Acquisition cannot close until the required acceptanceis obtained. There can be no assurance that the Acquisition will becompleted as proposed or at all. Investors are cautioned that, exceptas disclosed in the news release, any information released or receivedwith respect to the Acquisition may not be accurate or complete andshould not be relied upon.

Transaction Details:

Proposed Closing Date: September 30, 2025, or a later date depending on the receiptof regulatory acceptance (the “Closing Date”).

Share Exchange: Plank has entered into a share purchase agreement with Mobiowhereby Mobio will acquire Plank’s investment in Karve consisting of310,000 common shares, in exchange for the issuance of 2,861,538 ofshares of Mobio from treasury. Plank’s shares in Karve have beenvalued at $186,000, or $0.60 per share, and number of Mobio shares wasdetermined at the market price closest to the date of the purchaseagreement.

Finder’s Fees: No finder’s fees are payable in connection with the saleof Karve shares to Mobio.

Non-Arm’s LengthTransaction: The transaction is a related partytransaction as Mobio and Plank have common control and management. The transaction is exempt from the formalvaluation and shareholder approval requirements pursuant to sections5.5 and 5.7 respectively of Multilateral Instrument 61-101 Protectionof Minority Security Holders in Special Transactions because the fairmarket value of the transaction does not exceed 25% of marketcapitalization of Plank.

Following completion of the transaction, Plank will nolonger hold equity shares in Karve and will hold 2,861,538 shares of Mobio.

About Plank Ventures Ltd.

Plank is an investment company targeting investmentsand business opportunities in the technology arena, focusing onearly-stage start-up companies that have an established customer andrevenue base and are seeking funding for expansion.

ON BEHALF OF THE BOARD OFDIRECTORS

“Laurie Baggio”

CEO and Director

For additional information please contact:

Laurie Baggio, CEO Tel:  778 300-7565

Forward Looking Statements

Other than statements of historicalfact, all statements included in this news release, including, withoutlimitation, statements regarding the sale of Karve shares to Mobio, future plans and objectives of Plank are forward-looking statementsthat involve various risks and uncertainties. There can be noassurance that such statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements. Factors that could cause actualresults to differ materially from those expected by Plank are thoserisks described herein and from time to time, in the filings made byPlank with Canadian securities regulators. Those filings can be foundon the Internet at: http://www.sedarplus.ca under the profile ofPlank. Investors must not rely on the forward-lookingstatements.

Copyright (c) 2025 TheNewswire - All rights reserved.