Mr. Antonio Comparelli reports

METAGUEST.AI ANNOUNCES ISSUANCE OF SECURED CONVERTIBLE LOAN

Metaguest.ai Inc. has closed a secured convertible loan in the amount of $235,000 with a private lender, a company with common officers and directors of the corporation. The convertible loan bears an interest rate of 12 per cent, is convertible at a price of 30 cents per common share and has a maturity date of Feb. 6, 2025. The corporation has also issued 117,500 share purchase warrants, to the lender, exercisable for two years at a price of 30 cents per share. The convertible loan is secured by a general security agreement between the parties. Proceeds of the convertible loan will be used to repay the $210,000 secured bridge loan and accrued interest which was financed in December, 2022.

The issuance of the convertible loan to the lender constitutes a related party transaction as such term is defined by Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The corporation was exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the convertible loan under sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the lender, exceeds 25 per cent of the corporation's market capitalization (as determined under MI 61-101).

About Metaguest.ai Inc.

Metaguest.AI is a cutting-edge technology company that develops advanced AI (artificial intelligence) platforms for the hospitality industry designed to enhance the guest experience. The company's flagship products are comprehensive solutions that address all aspects of the guest journey, from prearrival to postdeparture. Features include on-property e-commerce with electronic payments, real-time in-room service management, mobile checkout, personalized in-room controls, local experience/event bookings, virtual personal concierge and more. Guests engage in over 16 languages on any connected device and without the need to download an app or visit a website. By leveraging the platforms, hotels, resorts and short-term rental property owners can improve their operational efficiency, personalize the guest experience, and increase revenue and overall customer satisfaction.