Mr. Francis Rowe reports

METASPHERE LABS CLOSES LIFE OFFERING

Metasphere Labs Inc. has closed its previously announced non-brokered private placement under the LIFE (as defined below) through the issuance of 6,395,591 common shares in the capital of the company, at a price of 11 cents per common share, for aggregate gross proceeds of $703,515.05.

The company completed the LIFE offering in accordance with the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The securities issued pursuant to the LIFE are not subject to a statutory hold period under applicable Canadian securities laws.

The company intends to use the net proceeds of the LIFE offering for general working capital and business development. No finders' fees were paid in connection with the LIFE offering.

There is an offering document related to the LIFE offering that can be accessed under the company's profile on SEDAR+ and on the CSE website under the company's profile. Prospective investors should read the offering Document before making an investment decision.

About Metasphere Labs Inc.

Metasphere Labs specializes in integrating blockchain technology into real-world applications, with a focus on environmental sustainability and social impact.

We seek Safe Harbor.