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

TORONTO, Oct. 20, 2023 /CNW/ - QYOU Media Inc. ("QYOU" or the "Company") (TSXV: QYOU) is pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company ("Units"), pursuant to which the Company issued 30,000,000 Units at a price of $0.07 per Unit for aggregate gross proceeds of approximately $2,100,000 (the "Offering").