Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES CLOSING OF $2.5 MILLION BROKERED OFFERING, WITH PARTICIPATION BY CEO

Nextech3D.AI (formally known as Nextech AR Solutions Corp.) has closed its previously announced brokered private placement offering, led by Research Capital Corp. as the sole agent and sole bookrunner, of 6,062,390 units of the company at a price of 42 cents per unit for aggregate gross proceeds of $2,546,203.

Each Unit is comprised of one common share of the Company (a "Common Share") and one purchase warrant of the Company (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.52 for a period of 36 months from closing of the Offering.

The Offering was conducted pursuant to the amendments to National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") set forth in Part 5A thereof (the "Listed Issuer Financing Exemption") to purchasers resident in Canada, except Quebec. The Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

The net proceeds from the Offering will be used for working capital and general corporate purposes.

Mr. Evan Gappelberg, CEO and Director of the Company, subscribed for 250,000 Units in the Offering. The issuance of the Units to an insider pursuant to the Offering constitutes a 'related party transaction' within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on certain exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a), 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering, as the Company is not listed on specified markets and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeds 25% of the Company's market capitalization (as determined under MI 61-101).

In connection with the Offering, the Company paid the Agent cash commission of $183,296 and issued to the Agent 447,133 non-transferable broker warrants (the "Broker Warrants"). Each Broker Warrant shall entitle the holder thereof to purchase one Unit at an exercise price of $0.42 per Unit for a period of 36 months following the closing of the Offering. The Company also paid the Agent a corporate finance advisory fee consisting of 178,571 Units (such Units are subject to a 4 month and 1 day hold period), $4,200 in cash and 20,000 Advisor Warrants which bear the same terms as the Broker Warrants.

About Nextech3D.ai

Nextech AR Solutions Corp. ("Nextech3D.ai" or the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2) is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The Company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public Companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.

On October 26, 2022 Nextech3D.ai spun out its spatial computing platform, "ARway.ai" as a stand alone public Company. ARway.ai is disrupting the augmented reality wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking. Nextech3D.ai retained 13 million shares in ARway and distributed 4 million shares to Nextech3D.ai shareholders. ARway.ai is currently listed on the Canadian Securities Exchange (CSE:ARWY), in USA on the OTCQB (OTC:ARWYF) and Internationally on the Frankfurt Stock Exchange (FSE:E65).

On June 14, 2023, the Company completed its second spinout of Toggle3D.ai, a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. Nextech3D.ai retained 13 million shares in Toggle3D.ai and distributed 4 million shares to Nextech3D.ai shareholders. Toggle3D.ai is trading on the Canadian Securities Exchange (CSE:TGGL) and in the USA (OTC:TGGLF).

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