VANCOUVER, B.C. – February 21, 2023 – Hero Innovation Group Inc. (“Hero” or the “Company”) (CSE: HRO) announces that it has appointed Mao Sun and Wei Shao to the Company’s Board of Directors, in place of Peter MacKay and Larry Yen who have resigned as directors. The Company also appointed Mao Sun as the Chief Executive Officer in place of Peter MacKay, who has stepped down as Chief Executive Officer and Kevin Chen as the Chief Financial Officer in place of Mao Sun who has resigned as Chief Financial Officer. Mao Sun will continue to act as the Chief Executive Officer for the Company. The Company would like to thank Mr. MacKay and Mr. Yen for their many contributions to the Company. Wei Shao Mr. Shao is the national practice group co‐leader for the China Service at Dentons Canada and specializes in international business transactions. He has extensive experience in mergers and acquisitions, corporate and project financing, complicated corporate and commercial transactions, and advising clients with respect to business negotiations, policy and regulatory matters, as well as government relations. Mr. Shao has represented Asian investors and entrepreneurs, sovereign and investment funds, private and public companies as well as major SOEs in various significant transactions in or through Canada. He has also advised Canadian and international companies in their investment in China and other parts of Asia. Mr. Shao is also an interpreter accredited by the United Nations and by the federal government of Canada. As an interpreter or consultant, he has been involved in numerous ministerial and prime ministerial meetings or negotiations between Canada and China. Kevin Chen Mr. Chen has over 20 years of experience in senior financial executive roles and his work focuses on private and public companies in the mining and technology sector. Mr. Chen began his career as an auditor with KPMG LLP and is a CPA, CMA in British Columbia with an MBA degree from Western University. About Hero Innovation Group Inc. Hero Innovation Group Inc. (formerly, Euro Asia Pay Holdings Inc.) is a developer of innovative financial solutions for the next generation of consumers. Through its flagship product, SideKickTM, introduced in 2018, the Company identified unmet needs in the market within specific demographics, such as international students in Canada, and delivered a product to address those needs. Hero Financials, the Company’s largest product, is targeted at parents, kids and young adults across Canada. With financial literacy at the forefront of the Company’s values and a plethora of advanced proprietary technology features, Hero Financials prepares kids to become financially smart adults through a variety of financial literacy tools. To learn more about Hero Group’s products and services, visit www.heroinnovationgroup.com. On behalf of the Board of Directors Mao Sun CEO and Director For further information, contact: Mao Sun CEO and Director ir@heroinnovationgroup.com

VANCOUVER, B.C. – December 19, 2022 – Hero Innovation Group Inc. (“Hero” or the “Company”) (CSE: HRO) announces that effective December 14, 2022 (the “Effective Date”), it has appointed MSLL CPA, LLP (“MSLL”), Chartered Professional Accountants, at their Vancouver offices at Suite 2110 – 1177 W. Hastings Street, to serve as the Company’s auditor. MSLL replaces Dale Matheson Carr-Hilton LaBonte LLP (“DMCL”), Chartered Professional Accountants, as the Company’s auditor. In accordance with National Instrument 51-102 - Continutous Disclosures Obligations, Hero has filed a copy of its change of auditor notice on SEDAR together with the letters from each of MSLL and DMCL in relation to the foregoing. About Hero Innovation Group Inc. Hero Innovation Group Inc. (formerly, Euro Asia Pay Holdings Inc.) is a developer of innovative financial solutions for the next generation of consumers. Through its flagship product, SideKickTM, introduced in 2018, the Company identified unmet needs in the market within specific demographics, such as international students in Canada, and delivered a product to address those needs. Hero Financials, the Company’s largest product, is targeted at parents, kids and young adults across Canada. With financial literacy at the forefront of the Company’s values and a plethora of advanced proprietary technology features, Hero Financials prepares kids to become financially smart adults through a variety of financial literacy tools. To learn more about Hero Group’s products and services, visit www.heroinnovationgroup.com. On behalf of the Board of Directors Peter MacKay CEO and Director For further information, contact: Peter MacKay CEO and Director ir@heroinnovationgroup.com

VANCOUVER, B.C. – December 14, 2022 – Hero Innovation Group Inc. (“ Hero ” or the “ Company ”) (CSE: HRO) announces that it has entered into a loan agreement amending agreement (the “ Agreement ”) dated December 13, 2022 with Morrison Homes Bridge Street Ltd. (the “ Lender ”). The Company and the Lender, a company controlled by Morris Chen, a director of Hero, are party to loan agreements dated February 8, 2022, February 24, 2022, March 8, 2022, March 31, 2022, April 6, 2022, April 27, 2022, May 11, 2022, May 26, 2022, June 16, 2022, June 30, 2022, July 21, 2022, August 10, 2022, August 23, 2022, September 21, 2022, and October 20, 2022 (collectively, the “ Loan Agreements ”), pursuant to which the Lender agreed to lend the Company up to $2,400,000, of which the Lender has advanced, in tranches, an aggregate principal amount of $2,400,000 (collectively, the “ Loan ”). The Loan Agreements from February 8, 2022 to July 21, 2022, equalling an aggregate principal amount of $1,400,000, are at an interest rate of 8% per annum. The Loan Agreements from August 10, 2022 to October 20, 2022, equalling an aggregate principal amount of $1,000,000, are at an interest rate of 15% per annum. The proceeds of the Loan have been used by the Company for general working capital purposes. Subject to the receipt of prior shareholder approval in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”) as well as that of the Canadian Securities Exchange (“ CSE ”), the Company and the Lender agreed to amend the terms of the Loan Agreements to provide for the convertibility of the Loan and any accrued and unpaid interest thereon into units of the Company (each, a “ Conversion Unit ”) at a conversion price of $0.08 per Conversion Unit. Each Conversion Unit will consist of one common share (each, a “ Share ”) in the capital of the Company and one Share purchase warrants (each, a “ Warrant ”), with each Warrant entitling the holder to acquire one additional Share at a price of $0.45 per Share for a period of 24 months from the date of issuance (the “ Conversion ”). Morris Chen, a director of the Company, controls Morrison and, as such, the Loan and the Agreement are considered to be a “related party transaction” as defined in MI 61-101. The issuance of the Loan to the Mr. Chen is exempt from the valuation requirement of MI 61-101 by the virtue of the exemption contained in section 5.5(b) as the Company’s shares are not listed on a specified market, however the issuance of the Loan is not exempt from the minority shareholder approval requirements of MI 61-101. As such, the Agreement and any Conversion of the Loan thereunder is subject to prior minority shareholder approval. About Hero Innovation Group Inc. Hero Innovation Group Inc. (formerly, Euro Asia Pay Holdings Inc.) is a developer of innovative financial solutions for the next generation of consumers. Through its flagship product, SideKickTM, introduced in 2018, the Company identified unmet needs in the market within specific demographics, such as international students in Canada, and delivered a product to address those needs. Hero Financials, the Company’s largest product, is targeted at parents, kids and young adults across Canada. With financial literacy at the forefront of the Company’s values and a plethora of advanced proprietary technology features, Hero Financials prepares kids to become financially smart adults through a variety of financial literacy tools. To learn more about Hero Group’s products and services, visit www.heroinnovationgroup.com. On behalf of the Board of Directors Peter MacKay CEO and Director For further information, contact: Peter MacKay CEO and Director ir@heroinnovationgroup.com Disclaimer for Forward-Looking Information This news release contains forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking information in this news release includes statements regarding, but not limited to: the ability for the Company to perform its obligations under the Agreement; the receipt of applicable third party approvals of the Agreement and the Loan convertibility, including, but not limited to, minority shareholder approval and that of the CSE, and such other statements contained herein that are not purely historical in nature. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information. Important factors that could cause actual results to differ materially from those expressed in the forward-looking information include: the CSE may not approve the securities issuable pursuant to the Agreement; that the requisite minority shareholders approvals may not be obtained by the parties in connection with the Conversion; and other factors beyond the control of the Company. The ongoing COVID-19 pandemic, labour shortages, inflationary pressures, rising interest rates, the global financial climate and the conflict in Ukraine and surrounding regions are some additional factors that are affecting current economic conditions and increasing economic uncertainty, which may impact the Company’s operating performance, financial position, and future prospects. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward-looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Vancouver, BC – August 10, 2022: Hero Innovation Group Inc. (CSE: HRO) (“ Hero Group ” or the “ Company ”), a Vancouver-based fintech solutions provider, is pleased to announce the launch of Hero Financials™ (“ Hero ”), a full-service alternative-to-banking solution for the Canadian market. Hero is designed specifically for young Canadian consumers, with a total addressable market of up to 6 million users. Its product offerings are highly customizable and are strategically designed to address the unmet financial needs of Canadian kids, teens, GenZers, and their parents. Hero™ allows kids and teens to make their own financial and spending decisions and set a strong foundation for themselves to make smart money decisions. The solution is paired with SideKick™, a prepaid Mastercard that equips kids with vital financial literacy skills. It is a turnkey solution, supported with a mobile application as well as a built-in budgeting tool, savings function, contactless payments, and security backed by third-party inscription. Hero™ provides the foundational steps that accompany kids into a financially independent and responsible future, while also building parent-child trust and confidence by eliminating the need to borrow parents’ credit or debit cards to access funds. With Hero, transfers are sent in real-time, and funds can be used both in-store and online, via contactless and chip payments wherever a prepaid Mastercard is accepted. It can be used for purchases, savings and to gain essential financial literacy skills, without the limitations and restrictions imposed by traditional consumer banks. “Being a Canadian company, presence in our home market is crucial for us. We identified a critical gap in the sector’s ability to meet the financial goals and needs of Canadian youth and GenZers, a segment that now comprises a fourth of our population,” said Peter MacKay, CEO of Hero Group. “Hero Financials™ is the perfect turnkey solution for Canadian youth that compliments their journey towards gaining financial independence, while also helping parents support and pass on those valuable skills to their kids,” he added. As a multi-user product, parents can receive notifications of their child’s spending in real-time, restrict and block purchases on items by product category and lock funds in their child’s account, which only they can later unlock. Users will soon be able to take advantage of the Round-Up feature, whereby purchases are rounded up to the nearest dollar and the spare change is automatically deposited into a savings account, called Vault, for use later. Hero will also soon support digital payments through a wallet function, whereby users can make payments from their Hero accounts via third-party mobile payment apps such as Google Pay, Apple Pay and Samsung Pay without the need to present a physical card for purchases. Hero™ has been designed specifically to address the financial needs of Canadian children, teens and Generation Z, a sizeable demographic with over $50 billion in estimated purchasing power . Figures show that this consumer cohort is ‘grounded’ and values savings, with 72% putting money away for the future . It is a segment that also highly values flexibility and choice, with 45% preferring to make purchases in-store, and 16% shopping solely online . Hero™ is user-friendly, with no hidden fees, and offers a selection of different plans to choose from. Subscribers will also benefit from the platform’s ease of use, convenience, and efficacy in maintaining budgeting and financial management needs. Hero Group’s first flagship product, SideKick™, has been met with great acceptance among international education professionals, parents worldwide, and the student community. Recently, SideKick™ was named ‘Service Provider of the Year’ at the 2nd ST Secondary Awards. The awards, organized by Study Travel Network, honour outstanding contributions to the high school education sector from schools, service providers, agencies and associations worldwide. SideKick™ was initially designed as a solution for inbound students coming to Canada, and following the initial success of the international product, many parents in Canada expressed interest in using a product to support their kids’ financial management needs locally. As such, the Company decided to enhance its service offerings to the next generation of consumers in both the international and domestic markets. Through Hero Financials™, the Company is aiming to replicate SideKick’s success in the domestic Canadian market. Both products offer diverse and innovative features developed by Hero Group’s robust proprietary technology, an area that the Company continues to develop and invest in. Hero Financials™ is available via the product’s official website: www.herofinancials.com .

Vancouver, BC – June 7, 2022: Euro Asia Pay Holdings Inc. (CSE: EAP) (the "Company"), a Vancouver-based fintech solutions provider, is pleased to announce that the Company has changed its corporate name to " Hero Innovation Group Inc. " In connection with the name change, the Company's trading symbol on the Canadian Securities Exchange will change from "EAP" to " HRO ". The Company expects its common shares to commence trading under the new name and symbol on or about June 10, 2022. The new ISIN and CUSIP associated with the common shares are CA42771M1005 and 42771M100, respectively. The name change reflects the Company's growth and innovation towards delivering innovative financial solutions for the next generation of consumers whose parents demand safety, security and peace of mind while promoting financial literacy for the future. Since its start in 2017, the Company has been continually diversifying its products and services to address specific unmet needs of the youth demographic. At the same time, it is delivering a unique service to the North American market with its flagship brands - Hero Financials & SideKick™. "Our company is at the forefront of fintech innovation," said Peter MacKay, CEO of Hero Innovation Group. "Hero is the new name, but our mission and purpose of empowering the younger generation of consumers with meaningful tools as they embark on their financial independence journey remain the same." The Company is also pleased to announce the appointment of Markus Westerholz, as its Chief Technology Officer. Mr. Westerholz brings over 20 years of experience in software development to the team. He is passionate about designing highly scalable, well maintainable systems, building strong, self-reliant teams and creating efficient work processes to tie it all together. A former CTO of Venzee Technologies, Markus has built and led teams that have delivered successful solutions for a wide range of industries, such as asset management for gaming, heavy industry cost calculation systems, cloud-based solutions for digital asset management and modern supply chain challenges. Markus has received various certifications from the British Columbia Institute of Technology's Computer Science Program and Cloud Vendors such as AWS.

Vancouver, BC – May 6, 2022: Euro Asia Pay Holdings Inc. (CSE: EAP) (“EAP” or the “Company”), a Vancouver-based fintech solutions provider, is pleased to announce that EAP’s signature product, SideKick™, was named ‘Service Provider of the Year’ at the 2nd ST Secondary Awards. The awards, organized by Study Travel Network, honour outstanding contributions to the high school education sector from schools, service providers, agencies and associations worldwide. SideKick™ is an alternative-to-banking solution that combines the benefits of traditional credit and debit cards. It provides an interactive experience, convenience and enhanced security features. The product was designed specifically to aid international students moving to Canada with fair currency exchange rates and fast transactions so that parents abroad can load money onto their kids’ SideKick™ Card for immediate access in Canada. “As we continue to deliver innovative products for students and youths, it is an honour for us to be recognized by one of the most prestigious events in the global education industry. Euro Asia Pay is committed to bolstering the financial literacy skills of kids, teens and young adults in Canada and internationally,” said Peter MacKay, CEO of EAP. “Through SideKick™, our users and their parents can count on a product that delivers ease of mind and convenience while also helping them build essential money management skills to carry with them into adulthood,” he added. The winners of the 2022 ST Secondary Awards were announced during a special gala dinner on April 25, held during the ST Alphe Secondary Focus, London, a specialist high school conference attended by more than 330 delegates. In addition, EAP announces that the Company has granted a total of 1,300,000 incentive stock options to various directors, officers and employees of the Company. Each option vests immediately, is exercisable into one common share of the Company at a price of $0.15 per share for a period of five years, and is governed by the terms of EAP’s stock option plan.

Vancouver, BC – April 21, 2022: Euro Asia Pay Holdings Inc. (CSE: EAP) (“EAP” or the “Company”), a Vancouver-based fintech solutions provider, is pleased to announce the entry into a partnership with PrepAnywhere, a K-12 edtech platform specializing in mathematics tutoring. The relationship allows new users of EAP’s solutions to benefit from PrepAnywhere’s premium plan upon signing up for either a Hero Financials or SideKick Card package at no extra cost for a period of six months. Under the partnership, EAP’s subscribers will gain access to PrepAnywhere’s exclusive catalogue of varied educational content, including over 60,000 math videos covering all topics from Grade 7 to Grade 12, with academic textbooks from the United States, Canada and elsewhere. The PrepAnywhere platform includes lectures and tutorials on topics related to mathematical problems and daily news updates that match all types of learning needs and preferences – from homework help and after-school tutoring to independent learning and small group instruction. After the six-month period, users will have the opportunity to maintain access to the product directly with PrepAnywhere, in which case the Company will receive a commission equal to 15% of the fees received by PrepAnywhere from users referred by EAP, payable on a semi-annual basis. The agreement between EAP and PrepAnywhere is for an initial term of one year, but will automatically renew for successive one-year periods unless terminated by either party at least 60 days in advance of the then-current term or otherwise upon 120 days’ notice. “Education and financial literacy form the core of our company values. At Euro Asia Pay, we prioritize delivering maximum value to our customers while supporting them on their journey to becoming financially savvy and money-wise adults,” said Peter MacKay, CEO of EAP. “Mathematics is an integral component of all money matters. Through our partnership with PrepAnywhere, our school-aged subscribers will have unlimited access to thousands of educational resources to help them prepare for their exams and real-life problem-solving situations,” he added. PrepAnywhere’s AI-powered math tutor can help students choose learning content per their own needs and objectives from its vast video catalogue. It helps them excel in the academic discipline and successfully apply the concepts learned in real-life situations, such as budgeting – all at a fraction of what it would typically cost via private tutoring or buying separate textbooks for their lessons. “We are delighted to partner with a company that complements our vision in making academic and financial education more accessible through technology and affordable plans. Euro Asia Pay’s SideKick and Hero products are praised for their innovative approach to making financial literacy possible for kids and young adults in North America and globally. We are confident that Euro Asia Pay users will revel in our expansive catalogue as they plan for a financially literate and competent future,” said Min Lee, Co-Founder and CEO, PrepAnywhere. The edtech market is evolving remarkably and is expected to surpass $200 billion globally by 2027*. It allows young users to embrace technology for learning, personal and professional growth and making informed decisions on money matters. By adding PrepAnywhere’s content to the Hero Financials and SideKick platforms, EAP invites its subscribers to experience mathematics comprehensively and engagingly. At the same time, EAP continues to enhance its product offerings and value and pursue new revenue streams for the benefit of the Company and its investors. * https://www.researchandmarkets.com/reports/5401915/edtech-market-global-industry-analysis-trends About Euro Asia Pay Holdings Inc. Euro Asia Pay Holdings Inc. is a developer of innovative financial solutions for the next generation of consumers. Its first product, SideKick™, enables parents to transfer, control and monitor payments to their children in a simple, intuitive manner. The product includes a student-facing mobile application, a prepaid student payment card and a parent portal, among other features. To learn more about EAP’s products and services, visit www.euroasiapay.com. About PrepAnywhere Inc. PrepAnywhere Inc. is an edtech platform specializing in mathematics tutoring with an exclusive catalogue of over 60,000 math videos covering all topics from Grade 7 to Grade 12, with academic textbooks from the US, Canada, and beyond. PrepAnywhere believes that transforming the way we teach math today will make math accessible for everyone in the near future. To learn more about PrepAnywhere, visit www.prepanywhere.com. On Behalf of the Board of Directors Peter MacKay Chief Executive Officer & Director For further information, please contact: Peter MacKay Chief Executive Officer & Director (800) 508-8813 ir@euroasiapay.com For all media queries, please contact: Euro Asia Pay Holdings Inc. Swati Mehta PR Associates (403) 804-0768 smehta@prassociates.com Forward-Looking Statements Certain statements in this news release include forward-looking statements or information (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. The Company is providing cautionary statements identifying important factors that could cause its actual results to differ materially from those projected in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “may”, “anticipates”, “is expected to”, “estimates”, “intends”, “plans”, “projection”, “could”, “vision”, “goals”, “objective” and “outlook”) are not historical facts and may be forward-looking. The Company has based the forward-looking statements largely on its current estimates, assumptions and projections about future events and trends that it believes may affect its business, financial condition and results of operations. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes may not occur or may be delayed. The risks and uncertainties, many of which are beyond the Company’s control, include, but are not limited to: the ability of the Company to establish a market for its products; competitive conditions in the mobile payments industry which could prevent the Company from becoming profitable; the ability of the Company to complete the Proposed Transaction; the ability to obtain any required regulatory and other approvals or satisfy any other conditions to the completion of the Proposed Transaction; the potential impact of the announcement or completion of the Proposed Transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the diversion of management time on the Proposed Transaction; the effectiveness and efficiency of advertising and promotional expenditures to generate interest in the Company’s products; dependency on continued growth in the adoption of mobile payment technology; volatility of the market price of the Company’s securities; the inability to secure additional financing; the Company’s intention not to pay dividends; claims, lawsuits and other legal proceedings and challenges; conflicts of interest with directors and management; and other relevant factors. Factors that could cause the Company’s actual results to differ from the forward-looking statements include its history of losses from operations; technology risks; its ability to obtain the additional financing required to meet long-term goals; its dependence on key personnel, including its executive officers; and uninsured risks. These factors are not exhaustive. Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

Vancouver, BC – April 5, 2022: Euro Asia Pay Holdings Inc. (CSE: EAP) (“EAP” or the “Company”), a leading fintech solutions provider, is pleased to announce that the Company has entered into an agreement with Discover® Global Network (“Discover”) to power EAP’s soon-to-launch Hero Financials product in the United States. Pursuant to the agreement, EAP and Discover will facilitate joint programs via issuers of prepaid cards in the U.S. for acceptance on the Discover Network. Hero Financials is EAP’s full-service alternative-to-banking solution that allows guardians to provide funds to their dependents easily while monitoring payments and promoting financial literacy for the next generation of consumers. The partnership with Discover will aid EAP’s expansion strategy in the U.S. and provide reliable choices to consumers for more secure payments. A recent study featured in Business Insider indicated that the purchasing power of Gen Z in the U.S. is expected to exceed $140 billion as it becomes the largest generational cohort, and tapping in this market will allow EAP’s latest product, Hero Financials, to provide U.S. customers with a safer, user-friendly, and reliable product with parental control features. This modern payment solution is expected to include a mobile application and a built-in budgeting tool, savings function, contactless payments, and security backed by third-party encryption. Peter McKay, CEO of EAP, commented, “This partnership will enable us to leverage a spectrum of payment capabilities as Discover has a significant market share and is accepted at millions of points of sales solutions and cash-access locations. We believe that this will grant our future Hero cardholders added freedom and choice with regard to how and where they can pay. EAP is committed to empowering its customer base with seamless access to innovations, convenience and financial literacy.” “Partnering with EAP complements our goal of providing the next generation of consumers with more payment choices and products to encourage life-long financial skills,” said William Dulin, Vice President, Network Solutions, at Discover. “With Discover cards being accepted at 99% of merchants in the U.S. that take credit cards*, this partnership will further equip EAP with access to a highly dynamic market and customer base.” The agreement is for an initial term of five (5) years, during which time EAP has committed to issuing all future cards for its U.S. market exclusively on the Discover network. Under the agreement, both parties will review anticipated volumes within a reasonable time following the 24-month anniversary of the Hero Financials launch date. EAP anticipates that this agreement will enhance the Company’s growth plan with the support of Discover. Discover has maintained a substantial array of bilateral relationships in many regions, with more than 60 million global merchant locations and more than 2 million ATM and cash access locations worldwide. The Discover Global Network includes the Discover Network, Diners Club International®, PULSE® and more than 25 alliance partner networks across the globe, such as Interac in Canada, Elo in Brazil, and Union Pay in China, to name a few. * According to the Feb 2021 issue of the Nilson Report. About Euro Asia Pay Holdings Inc. Euro Asia Pay Holdings Inc. is a developer of innovative financial solutions for the next generation of consumers. Its first product, SideKick™, enables parents to transfer, control and monitor payments to their children in a simple, intuitive manner. The product includes a student-facing mobile application, a prepaid student payment card and a parent portal, among other features. To learn more about EAP’s products and services, visit www.euroasiapay.com. On Behalf of the Board of Directors Peter MacKay Chief Executive Officer & Director For further information, please contact: Peter MacKay Chief Executive Officer & Director (800) 508-8813 ir@euroasiapay.com For all media queries, please contact: Euro Asia Pay Holdings Inc. Swati Mehta PR Associates (403) 804-0768 smehta@prassociates.com Forward-Looking Statements Certain statements in this news release include forward-looking statements or information (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. The Company is providing cautionary statements identifying important factors that could cause its actual results to differ materially from those projected in these forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “may”, “anticipates”, “is expected to”, “estimates”, “intends”, “plans”, “projection”, “could”, “vision”, “goals”, “objective” and “outlook”) are not historical facts and may be forward-looking. The Company has based the forward-looking statements largely on its current estimates, assumptions and projections about future events and trends that it believes may affect its business, financial condition and results of operations. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and specific, which contribute to the possibility that the predicted outcomes may not occur or may be delayed. The risks and uncertainties, many of which are beyond the Company’s control, include, but are not limited to: the ability of the Company to establish a market for its products; competitive conditions in the mobile payments industry which could prevent the Company from becoming profitable; the ability of the Company to complete the Proposed Transaction; the ability to obtain any required regulatory and other approvals or satisfy any other conditions to the completion of the Proposed Transaction; the potential impact of the announcement or completion of the Proposed Transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the diversion of management time on the Proposed Transaction; the effectiveness and efficiency of advertising and promotional expenditures to generate interest in the Company’s products; dependency on continued growth in the adoption of mobile payment technology; volatility of the market price of the Company’s securities; the inability to secure additional financing; the Company’s intention not to pay dividends; claims, lawsuits and other legal proceedings and challenges; conflicts of interest with directors and management; and other relevant factors. Factors that could cause the Company’s actual results to differ from the forward-looking statements include its history of losses from operations; technology risks; its ability to obtain the additional financing required to meet long-term goals; its dependence on key personnel, including its executive officers; and uninsured risks. These factors are not exhaustive. Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.