/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Oct. 6, 2023 /CNW/ - QYOU Media Inc. ("QYOU" or the "Company") (TSXV: QYOU) is pleased to announce a non-brokered private placement of up to 30,000,000 units of the Company ("Units") at a price of $0.07 per Unit (the "Offering"), for aggregate gross proceeds of up to approximately $2,100,000. Each Unit will be composed of one (1) common share in the capital of the Company (a "Share") and one (1) common share purchase warrant of the Company (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one (1) additional Share (a "Warrant Share") at a price of $0.10 per Warrant Share for a period of twenty-four (24) months from the closing date of the Offering, subject to an accelerated expiry date at the option of the Company in the event that the ten (10) day volume weighted average trading price of the Shares on the TSX Venture Exchange ("TSXV") for any ten (10) consecutive trading days is $0.25 or more.