GOLO Mobile Inc. Announces Stock Option Grant

Montreal, Quebec–(Newsfile Corp. – October 5, 2020) – GOLO Mobile Inc. (TSXV: GOLO) (“GOLO” or the “Corporation“), announces that the board of directors of the Corporation has granted, pursuant to the Corporation’s stock option plan, 8,500 stock options to its President and Chief Executive Officer. Each stock option entitles the holder thereof to purchase one common share in the capital of the Corporation (a “Common Share“) at an exercise price of $0.18 per Common Share and expires on September 30, 2030.

About GOLO Mobile Inc.

GOLO (TSXV: GOLO) provides a solution for the final 100 feet of Last Mile Delivery for properties via its concierge service as well as its ability to manage all packages and deliveries that enter a property. The Company’s focus is on office buildings, residential towers, corporate campuses, hospitals, airports and other highly populated areas. GOLO is publicly traded on the TSXV and its controlling shareholder is controlled indirectly by affiliates of Blackstone Group L.P. and the funds comprising CVC Capital Partners VI. Learn more at www.golo.io.

For Further Information:
Peter Mazoff, Chief Executive Officer
(514) 670-1228
ir@goloir.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.