Mr. George Tsafalas reports

CYPHER ANNOUNCES CLOSING OF FINANCING

Cypher Metaverse Inc. has closed its previously announced private placement. The company accepted subscriptions totalling 861,815 units at a price of 33 cents per unit for gross proceeds of $284,399.

Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for a period of two years from the date of closing, at an exercise price of 45 cents, subject to the corporation's option to accelerate the expiry date if the stock trades for 10 consecutive trading days at 65 cents per common share.

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

Proceeds will be used for general corporate purposes as the company works to complete its previously announced acquisition of Noninvasix Inc.

The company paid finders' fees to qualified finders of $19,847.82 and issued 60,145 broker warrants. The broker warrants are exercisable for two years and have an exercise price of 45 cents, subject to the corporation's option to accelerate the expiry date if the stock trades for 10 consecutive trading days at 65 cents per common share.

We seek Safe Harbor.