A Memorandum of Understanding between EEIQ's EduGlobal College and Apex Ed also Anticipated to Accelerate Recruitment in the Sri Lankan Market

EpicQuest Education Group International Limited (NASDAQ: EEIQ), ("EpicQuest Education", "EEIQ" or the "Company"), a provider of comprehensive education solutions for domestic and international students seeking college and university degrees in the US, Canada and the UK, today announced that on September 4, 2023, the Company opened a recruiting office in Sri Lanka to serve as its main hub to attract students from Southeast Asia and the Middle East for its owned and operated colleges, Davis College and EduGlobal College. EEIQ's goal is to expand its geographical market for international student recruiting for both schools. Further, on June 14, 2023, EduGlobal College signed a non-exclusive Memorandum of Understanding ("MOU") with Apex Ed ("Apex"), a career college based in London, to recruit international students from Sri Lanka.

Diane Brunner, President of Davis College, commented, "Our focus on internationalization resulted in nearly a three-fold increase in the enrollment of international students in our first quarter of the 2023 – 2024 academic year as compared to the year-ago quarter. The Sri Lanka office comprises a new team for international recruiting and leverages our education solution where we offer application support, visa assistance, transportation, course counseling, student housing and supervisory duties; we believe that this one-stop solution gives us a competitive advantage relative to other colleges' recruitment efforts. Our core mission of internationalization helps our students reach their full potential and better prepare them for careers in the global economy."

In addition to the opening of the Sri Lanka recruiting office, EduGlobal College signed a non-exclusive MOU with Apex, a career college based in London, whose purpose is for Apex to use its best efforts to recruit qualified students in Sri Lanka for EduGlobal's educational programs. Apex is a career college that offers undergraduate and graduate courses across a wide range of programs that helps students succeed in their chosen field and has centers offering educational services to students in Sri Lanka.

Jeff Romero, Director EduGlobal College, commented, "Our new Sri Lanka recruiting office widens the scope of our geographical recruiting and continues to build upon our international student recruiting success. The office represents a further diversification of EEIQ's recruiting and underscores its international growth strategy. EduGlobal is renowned for providing the very best of English proficiency programming, providing international students the linguistic skill set needed in an academic setting, and we are pleased to be working with Apex to accelerate our penetration of the Sri Lankan market."

Among the countries where the Sri Lanka office will actively recruit for both Davis College and EduGlobal College are Sri Lanka, India, UAE, Malta, Nepal, Pakistan, Malta, Indonesia, Malaysia and Thailand. The Company believes that its mission of internationalization, which encompasses focused recruiting for international students diversifies our student body and can lead to higher revenue and profitability.

The new Sri Lanka office is located in one of the most prestigious commercial locations in Colombo, the most populous city in Sri Lanka, and is staffed by a specialized EEIQ recruiting team. The Company believes that it is important to have a local physical presence since it provides the needed platform to meet with prospective students and their parents. The Sri Lanka office engages in direct recruiting, initiates institutional collaborations, and works with select recruitment agents. For more information about EpicQuest Education's recruiting office in Sri Lanka, please visit http://epicquesteducationasia.com/