Mr. George Tsafalas reports

CYPHER ANNOUNCES CLOSING OF FINANCING

Cypher Metaverse Inc. has closed a non-brokered private placement of 712,060 units at a price of 33 cents per unit for aggregate gross proceeds of $234,979.80.

Under the financing, each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder thereof to subscribe for one additional common share at a price of 45 cents for a period of two years from the date of closing, subject to the company's option to accelerate the expiry date if the stock trades at 65 cents for 10 trading days.

In connection with the financing, the company paid finders' fees to qualified finders in the amount of $18,798.38 and issued 56,965 finders' warrants. The finders' warrants are subject to the same terms as the warrants.

In accordance with the policies of the Canadian Securities Exchange and applicable securities legislation, the common shares and warrants comprising the units will be subject to a four-month-and-one-day hold period.

The company intends to use the net proceeds of the financing for its continued pursuit of its previously announced acquisition of Noninvasix Inc., including increasing its loan to Noninvasix.

This placement is subject to the approval of the Canadian Securities Exchange.

About Cypher Metaverse Inc.

Further information about Cypher can be found on the company's website, along with its SEDAR+ profile.