Rumbu Holdings Announces Third Quarter Financial Results

Calgary, Alberta--(Newsfile Corp. - May 30, 2022) - Rumbu Holdings Ltd. (TSXV: RMB) (the "Company") announces that it has released the unaudited interim condensed financial statements for the three and nine months ended March 31, 2022 (the "Financial Statements") accompanied by the Management's Discussion and Analysis (the "MD&A") for the same period. The Financial Statements and MD&A have been disseminated on SEDAR and can be found on the Company's SEDAR profile at https://www.sedar.com^[1].

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

For further information please contact:

Ross O. DrysdalePresident and Chief Executive OfficerRumbu Holdings Ltd.Telephone: (403) 585-3737Email: ross@drysdalelaw.com^[2]

Reader Advisory

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this press release contains forward looking statements and information concerning the Company's business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

This press release is not for distribution in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125822^[3]

References

1. ^{^} https://www.sedar.com (www.newsfilecorp.com)
2. ^{^} ross@drysdalelaw.com (www.newsfilecorp.com)
3. ^{^} https://www.newsfilecorp.com/release/125822 (www.newsfilecorp.com)