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 1,007,764 units of the company at a price to the public of $6.946 (U.S.) ($9.50) per unit for gross proceeds of $7,000,331 (U.S.) ($9,573,758), before deducting commissions and estimated 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 whole warrant will be exercisable to acquire one share, at a price of $8.409 (U.S.) ($11.50) per share for a period of 36 months from the date of issuance.

A.G.P. Canada Investments ULC is acting as lead agent for the offering. A.G.P./Alliance Global Partners (A.G.P. U.S.) is acting as U.S. agent in the offering.

In connection with the offering, the company has filed a preliminary prospectus supplement and intends to file a subsequent prospectus supplement to its short-form base shelf prospectus receipted on Sept. 26, 2024, in each of the provinces and territories of Canada, other than Quebec, relating to the proposed offering. The preliminary prospectus supplement has been and the final prospectus supplement will be filed with the U.S. Securities and Exchange Commission (SEC) as part of the company's U.S. registration statement on Form F-10, declared effective by the SEC on Oct. 1, 2024 (file No. 333-282301) (as amended), 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 Inc.

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 and preliminary prospectus supplement are, and the final prospectus supplement will be, accessible on SEDAR+. The registration statement, including the base shelf prospectus and preliminary prospectus supplement are, and the final prospectus supplement will be, accessible in the United States on EDGAR.

An electronic or paper copy of the base shelf prospectus, the preliminary prospectus supplement and the final prospectus supplement (when filed) and any amendment to such documents may be obtained without charge, from A.G.P. Canada, 5063 North Service Rd., Suite 100, Office 74, Burlington, Ont., L7L 5H6, or by e-mail to Info@alliancegcanada.ca, attention: investment banking, and can be obtained from A.G.P. 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 by providing the contact with an e-mail address or address, as applicable. The base shelf prospectus, the preliminary prospectus and final prospectus supplement (when filed) contain or will contain important, detailed information about the company and the proposed offering. Prospective investors should read the base shelf prospectus, the preliminary prospectus supplement and final prospectus supplement (when filed) before making an investment decision.

On July 8, 2025, the noon buying rate as reported by the Bank of Canada for the conversion of one Canadian dollar into U.S. dollars was $1 equals 73.12 U.S. cents.

About Verses AI Inc.

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

We seek Safe Harbor.