Mr. Brian Keane reports

CYPHER METAVERSE INC. ANNOUNCES FINANCING

Cypher Metaverse Inc. is undertaking a non-brokered private placement of up to $400,000. The company will issue up to 3,333,333 units at a price of 12 cents per unit. Each unit consists of one common share and one-half of a common share warrant. Each whole warrant entitles the holder to subscribe for one additional common share for 15 cents for a period of two years from the date of closing, subject to the corporation's option to accelerate the expiry date if the stock trades at 20 cents for 10 trading days.

The company intends to use the net proceeds of the offering for general working capital and acquisition of Agapi Luxury Brands Inc.

The company may pay finders' fees of up to 8 per cent in cash and 8 per cent in brokers warrants to qualified finders.

About Cypher Metaverse Inc.

Cypher Metaverse seeks early-stage investments in emerging technology sectors, including the blockchain ecosystem, fintech (financial technology) and the metaverse. The company identifies such opportunities and applies its relationships and capital to advance its interests.

The company's head office is located at Suite 1780, 355 Burrard Street, Vancouver, B.C., V6C 2C8. The common shares of Cypher Metaverse are currently listed on the Canadian Securities Exchange and Cypher Metaverse is a reporting issuer in the provinces of British Columbia, Alberta and Ontario.