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EarthLabs Reports Results for the First Quarter of 2025

• Advertising revenue up 12.5% YoY to $1.59 million following a 172.1% increase in Q4 2024.
• Subscription revenue increased 2.4% YoY, building on the 39.9% growth from Q4 2024.
• Net investment gains of $2.0M from our investment portfolio.
• Ended the quarter with total cash, cash equivalents, and investments of $39.4M.

Toronto, Ontario--(Newsfile Corp. - May 29, 2025) - (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) ("EarthLabs" or the "Company") is pleased to announce the unaudited consolidated financial results for three months ended March 31, 2025 of the Company (the "Financial Results").

Highlights for the three-months period ended March 31, 2025:

• Completed the quarter with total cash and cash equivalents, due from brokers, investments and equity investments of $39,411,069 as compared to $39,234,437 as at December 31, 2024;
• Advertising revenue of $1,592,565 as compared to $1,415,686 for the three months ended March 31, 2024;
• Subscription revenue of $311,092 as compared to $303,873 for the three months ended March 31, 2024;
• Net investment gains of $2,022,093 from our investment portfolio as compared to $3,310,372 for the three months ended March 31, 2024;
• Net income and comprehensive income of $221,974 (basic earnings per share of $0.00) as compared to $1,605,886 (basic earnings per share of $0.01) for the three months ended March 31, 2024.

"In Q1, we delivered solid results that highlight the resilience of our business and the strength of our revenue model," said Denis Laviolette, Executive Chairman and CEO of EarthLabs. "Advertising revenue grew to $1.59 million, and subscription revenue increased to $311K — both reflecting year-over-year growth and continued demand for our platform. We maintained a strong liquidity position with total cash, investments, and equity holdings of $39.4 million, providing us with the flexibility to pursue growth opportunities and invest into core product offerings for our millions of users. We're addressing past investment volatility and remain committed to disciplined capital allocation and strategic asset management. EarthLabs is well-positioned to leverage market opportunities, enhancing long-term shareholder value."

Summary of financial results

The following are selected interim condensed consolidated financial results as at and for the three ended March 31, 2025, with comparatives:

About EarthLabs Inc.

EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) is a mining investment, technology, and media company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData.

Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements. Often, but not always, these forward looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations.

Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, risks detailed from time to time in the Company's filings with securities regulators and available under the Company's profile on SEDAR+ at . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

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