Mr. Mike Marrandino reports

INVERITE ANNOUNCES 3RD TRANCHE CLOSING OF PRIVATE PLACEMENT AND INTENDS TO CLOSE SHARES FOR DEBT ISSUANCE

Inverite Insights Inc. has closed its third tranche of its private placement (see news release of Jan. 30, 2024) in the amount of 2,596,600 units for aggregate proceeds of $129,830. Each unit comprises a common share and one whole warrant, with a whole warrant exercisable to purchase a common share at a price of 10 cents for a period of two years. All securities issued are subject to a hold period until July 12, 2024.

Insiders of the company purchased 2,596,600 units, representing the total number of units issued pursuant to the closing, with the associated common shares representing approximately 1.3 per cent of the then-issued common shares following closing and, if the associated warrants are exercised, an aggregate number of common shares representing approximately 2.6 per cent of the then-issued common shares following closing. The participation by the insider constitutes a related party transaction within the meaning of the policies of the Canadian Securities Exchange and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of nor the fair market value of the consideration for the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the placement exceeds 25 per cent of the company's market capitalization calculated in accordance with MI 61-101 and on the basis that no securities of the company are listed or quoted on a stock exchange as specified in MI 61-101.

The company also intends to issue 500,016 common shares to settle $25,000.81 in accounts payable to one vendor.

The transaction remains subject to the approval of the CSE. The shares will be subject to a hold period of four months from the date of issuance.

About Inverite Insights Inc.

Inverite Insights is a Vancouver-based, AI-driven (artificial intelligence) software provider specializing in real-time financial data. With a vast database of over seven billion financial data points from more than four million unique Canadian consumers transactions, Inverite empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management and compliance.

We seek Safe Harbor.