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### TrustBIX Inc. Financial Results for Q2 Ended March 31, 2024

Edmonton, Alberta–(Newsfile Corp. – May 27, 2024) – TrustBIX Inc. (TSXV: TBIX) (“TrustBIX” or the “Company”) announced today financial results for the second quarter ended March 31, 2024, and the related Management’s Discussion and Analysis (MD&A).

TrustBIX CEO, Hubert Lau, stated that the company continues to focus on ViewTrak and Alberta Food Security (“AFSI”). The ViewTrak team has been actively assisting customers to transition to Auction Master Pro. Additionally, the AFSI team has secured their first orders of indoor farming technology and received initial deposits. Operating expenses have been effectively managed, resulting in a significant improvement in operating cash flow during Q2, 2024. Operating expenses were reduced by 61%, and operating cash flow improved by 98%, with cash used in operations decreasing by $582,571 to just $13,046.

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### Financial Performance Comparison for Q2 and Six Months Ended March 31, 2024

For the three months ended March 31, 2024, compared to 2023, TrustBIX posted:

– Revenue of $343,406, down $335,153 or 49.4%;
– Operating expenses of $513,370, down $804,059 or 61.0%;
– Non-cash operating expenses (recovery) related to stock-based compensation and amortization and depreciation expense, decreased to $25,363, down $193,087 or 88.4%; and
– Excluding these non-cash items, operating expenses decreased by $610,962 or 55.6%.

For the six months ended March 31, 2024, compared to 2023, the company reported:

– Revenue of $637,960, down $459,420 or 41.9%;
– Operating expenses of $1,039,235, down $1,513,100 or 59.3%;
– Non-cash operating expenses (recovery) related to stock-based compensation and amortization and depreciation expense, decreased to $48,867, down $481,388 or 90.8%; and
– Excluding these non-cash items, operating expenses decreased by $1,031,712 or 51.0%.

### Availability of Financial Reports

The Company’s financial results for the second quarter ended March 31, 2024, and the related MD&A, have been filed and are available on the System for Electronic Document Analysis and Retrieval (SEDAR+) at www.sedarplus.ca.

### About TrustBIX (TSXV: TBIX)

TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Their technologies offer practical tools trusted by local and international agri-food organizations.

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For more information, individuals can contact Mr. Hubert Lau, President and CEO, at Telephone: (780) 456-2207 or Email: [email protected].

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy of the accuracy of this release.

### Story Continues

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210734.

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