Mr. Gabriel Rene reports

VERSES AI INC ANNOUNCES PRICING OF PUBLIC OFFERING OF UNITS

Verses AI Inc. has priced its previously announced public offering of 2.75 million units of the company at a price to the public of $2.88 (U.S.) ($4 (Canadian)) per unit for gross proceeds of $7.92-million (U.S.) ($11-million (Canadian)), before deducting discounts, commissions and expenses incurred in connection with the offering. Each unit consists of one Class A subordinate voting share of the company and one-half of one share purchase warrant. Each warrant will be exercisable into one share, at a price of $3.60 (U.S.) ($5 (Canadian)) per share for a period of 36 months from the date of issuance.

The units are offered in Canada under the base shelf prospectus of the company receipted on Sept. 26, 2024, as supplemented by a prospectus supplement to be prepared and filed in each of the provinces and territories of Canada other than Quebec. The offering is being conducted in the United States pursuant to a U.S. registration statement on Form F-10, declared effective by the U.S. Securities and Exchange Commission on Oct. 1, 2024 (file No. 333-282301), which includes the base shelf prospectus.

The closing of the offering remains subject to market and other customary conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of Cboe Canada.

AGP Canada Investments ULC is acting as lead agent for the offering. Clear Street LLC is acting as lead U.S. agent in the offering, and AGP/Alliance Global Partners is acting as U.S. agent in the offering.

The net proceeds of the offering will strengthen the company's financial position and provide liquidity to finance continuing operations, including, in particular, the company's expenses incurred, and expected to be incurred, in connection with the company's research and development objectives, and for working capital and general corporate purposes.

The base shelf prospectus is, and the supplement and any amendments to these documents will be, accessible in Canada on SEDAR+. The registration statement, including the base shelf prospectus, is available in the United States on EDGAR.

An electronic or paper copy of the base shelf prospectus, the supplement (when filed) and any amendment to the documents may be obtained, without charge, from AGP Canada, 5063 North Service Rd., Suite 100, Office 74, Burlington, Ont., L7L 5H6, by e-mail to Info@alliancegcanada.ca, attention: investment banking, and the base shelf prospectus (and any amendment or supplement thereto) may be obtained from AGP U.S. at 590 Madison Ave., 28th floor, New York, N.Y., 10022, or by telephone at 212-624-2060, or by e-mail at prospectus@allianceg.com and from Clear Street at Clear Street, attention: syndicate department, at 150 Greenwich St., 45th floor, New York, N.Y., 10007, by e-mail at ecm@clearstreet.io, and by providing the contact with an e-mail address or address, as applicable. Prospective investors should read the supplement (when filed) and the base shelf prospectus and the other documents the company has filed on SEDAR+ and the base shelf prospectus and the registration statement the company has filed on EDGAR before making an investment decision.

On April 23, 2025, the noon buying rate as reported by the Bank of Canada for the conversion of one Canadian dollar into United States dollars was $1 (Canadian) equals 72.09 U.S. cents.

About Verses AI Inc.

Verses is a cognitive computing company building next-generation intelligent software systems modelled after the wisdom and genius of nature.

We seek Safe Harbor.