Mr. Gabriel Rene reports

VERSES AI INC. ANNOUNCES 2024 AGSM RESULTS

Verses AI Inc. has released the results of the annual general and special meeting of shareholders of the company, held in Vancouver, B.C., on Sept. 13, 2024. All of the resolutions put forward at the meeting were approved, including fixing the number of directors of the company at four for the ensuing year, the election of all director nominees, the reappointment of Smythe LLP as the company's auditor for the ensuing year and the renewal of the company's omnibus share incentive plan. Subsequent to the meeting, the company's board of directors reappointed Michael Blum to the board by directors resolution. Therefore, the board for the following year consists of Gabriel Rene, Dan Mapes, G. Scott Paterson, Jonathan De Vos and Mr. Blum.

Alteration to the articles of the company

By special resolution, the shareholders also authorized an alteration to the articles of the company to: (i) delete the special rights and restrictions attached to the Class A subordinate voting shares and Class B proportionate voting shares of the company; (ii) redesignate the Class A subordinate voting shares as common shares of the company; and (iii) delete and remove references from the notice of articles and articles of the Class B proportionate voting shares.

The company's board of directors also approved by directors resolution: (i) an amendment to the articles of the company to change the quorum for the transaction of business at a meeting of shareholders from one or more persons who are present or represented by proxy to one or more persons who are present or represent by proxy holding in the aggregate, at least 33-1/3rds per cent of the issued shares entitled to be voted at the meeting; and (ii) the deletion of the Class B proportionate voting shares.

Additional details will be provided in a report of voting results to be filed on SEDAR+.

About Verses AI Inc.

Verses AI is a cognitive computing company specializing in biologically inspired distributed intelligence. The company's flagship offering, Genius, is patterned after natural systems and neuroscience. Genius can learn, adapt and interact with the world. Key features of Genius include generalizability, predictive queries, real-time adaptation and an automated computing network. Built on open standards, Genius transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines and AI (artificial intelligence), across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature.