AdRabbit Limited announced the appointment of Mr. Fred Leigh to the board of directors, subject to TSX Venture Exchange (the Exchange) approval. Mr. Leigh will also join the audit committee of the Company, filling the vacancy left by the resignation of Shahar Hajdu as a director of the Company. Mr. Leigh has been involved in the investment industry for over 40 years and has had a significant role as a founder, director, and investor in numerous public and private companies.

Mr. Leigh is also the founder and President of VC7K Capital Inc., a privately held company which has invested in early and advanced-stage opportunities in the Resources/Tech/Industrial sectors for over 32 years. Following the director changes noted above, the Company's current directors are: Noah Hershcoviz, Moshe Cohen, Daniel-Paul Corsello, and Fred Leigh. In addition, following the Company's press release on April 26, 2023, which announced the resignations of Max Bluvband and Shahar Hajdu as directors and officers, the audit committee of the Company will now be composed of: Mr. Noah Hershcoviz, Mr. Daniel-Paul Corsello, and Mr. Fred Leigh.