Mr. George Tsafalas reports

EARLY WARNING NEWS RELEASE ISSUED WITH RESPECT TO THE ACQUISITION OF SECURITIES OF CYPHER METAVERSE INC.

This news release has been disseminated as required by National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues) in connection with the acquisition of ownership, control or direction over securities of Cypher Metaverse Inc. by two investors, Jock McDermid and Elaine McDermid.

On Sept. 21, 2026, Mr. McDermid acquired ownership of 278,030 units of the corporation, at a price of 33 cents per unit. The units were purchased from the corporation on a private placement basis. Each unit is composed of one common share and one non-transferable common share purchase warrant. Each warrant is exercisable to acquire one common share of the corporation at an exercise price of 45 cents per share for two years from date of closing.

Prior to the acquisition, Mr. McDermid owned 395,000 common shares and 315,000 common share purchase warrants. As a result of the acquisition, Mr. McDermid now beneficially owns and controls, directly and indirectly, 673,030 common shares and 593,030 share purchase warrants, representing approximately 10.32 per cent of the outstanding common shares on a non-diluted basis and 17.50 per cent of the issued and outstanding shares on a partially diluted basis (assuming the conversion of all of the subscriber's warrants into common shares).

On Sept. 21, 2026, Ms. McDermid acquired ownership of 278,030 units of the corporation, at a price of 33 cents per unit. The units were purchased from the corporation on a private placement basis. Each unit is composed of one common share and one non-transferable common share purchase warrant. Each warrant is exercisable to acquire one common share of the corporation at an exercise price of 45 cents per share for two years from the date of closing.

Prior to the acquisition, Ms. McDermid owned 382,500 common shares and 382,500 common share purchase warrants. As a result of the acquisition, Ms. McDermid now beneficially owns and controls, directly and indirectly, 660,530 common shares and 660,530 share purchase warrants, representing approximately 10.13 per cent of the outstanding common shares on a non-diluted basis and 18.26 per cent of the issued and outstanding shares on a partially diluted basis (assuming the conversion of all of the subscriber's warrants into common shares).

An early warning report has been filed by each of Mr. McDermid and Ms. McDermid under applicable securities laws, and will be available on the Cypher SEDAR+ profile. A copy of the early warning reports may also be obtained by contacting George Tsafalas at 778-373-8578 or at info@cypher-meta.com.

We seek Safe Harbor.