Mr. Francis Rowe reports

METASPHERE LABS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Metasphere Labs Inc. has arranged a non-brokered private placement of up to 3,571,429 units of the company at a price of 14 cents per unit, for gross proceeds of up to $500,000.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at a price of 17.5 cents per common share for a period of 48 months from the date of issuance.

The net proceeds from the offering will be used for general and administrative expenses and working capital.

The offering may close in one or more tranches, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval of the Canadian Securities Exchange. The company may pay finders' fees and/or issue finders' warrants in connection with the offering in accordance with applicable securities laws and CSE policies.

All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Change of corporate secretary

The company also announces the appointment of Elijah Dumaresq as corporate secretary of the company, effective June 18, 2026. This appointment follows Francis Rowe's resignation from the corporate secretary role; Mr. Rowe continues in his capacity as chief financial officer of the company.

Mr. Dumaresq currently serves as an executive officer of Zefiro Methane Corp., where he previously held the position of chief financial officer from January, 2020, to March, 2024. Prior to joining Zefiro, his career encompasses roles in private equity, investment management. In his current capacity, Mr. Dumaresq assists with financial strategy, manages regulatory compliance and oversees corporate governance. As CFO of Zefiro Methane, he oversaw all aspects of financial management and played a pivotal role in taking the company public. Over the course of Mr. Dumaresq's career, he has served as an officer of several public companies listed in both the United States and Canada.

Mr. Dumaresq is an honours graduate in economics from McGill University.

About Metasphere Labs Inc.

Metasphere Labs specializes in integrating blockchain technology into real-world applications, with a focus on environmental sustainability and social impact.

We seek Safe Harbor.