Mr. Randy Chou reports

NUBEVA TECHNOLOGIES ENGAGES OUTSIDE OF THE BOX CAPITAL FOR EXPANDED INVESTOR RELATIONS AND MARKETING OUTREACH

Nubeva Technologies Ltd. has arranged a six-month marketing and consulting contract with Toronto-based marketing firm, Outside of the Box Capital Inc., to enhance its investor relations and marketing functions.

"Our engagement with Outside The Box is another step in our efforts to enhance communication with our current investor community and expand visibility to a greater audience," said Randy Chou, CEO at Nubeva. "By effectively communicating our value proposition and increasing our visibility, we aim to drive investor interest and participation, improve liquidity, and ultimately deliver returns for our shareholders."

"We are excited to represent Nubeva as their Ransomware Reversal technology is groundbreaking," said Jason Coles, chief executive officer of Outside The Box Capital. "By spotlighting Nubeva's innovations and market potential across diverse platforms and communities, we believe we can powerfully elevate the company's reach and narrative," said Jason Coles, chief executive officer of Outside The Box Capital Inc.

In connection with the agreements starting on June 12, 2023, Nubeva paid OTBC a cash fee of $100,000, and if the agreement is not terminated during the initial term, the engagement will continue for an additional six months for another cash fee of $100,000. Nubeva has issued OTBC 200,000 stock options to purchase common shares of Nubeva. The options vest in equal quarterly instalments over 12 months, with an exercise price of $1.00 and a one-year term. OTBC has no direct relationship with the company other than as set out in this release.

On June 13, 2023, the company has cancelled a total of 175,000 incentive stock options that were granted to Randy Chou, Nubeva's chairman and chief executive officer, under its share option plan. These options, which had an exercise price of $1.15 and an expiry date of July 26, 2027, were voluntarily surrendered by Mr. Chou to support the company and this contract, without any further consideration.

The engagement of OTBC remains subject to TSX Venture Exchange approval.

About Nubeva Technologies Ltd.

Nubeva Technologies provides next-generation decryption solutions for faster, lower-cost recovery from ransomware attacks. Its mission is to reduce downtime costs and damages so businesses never pay ransoms again.

Nubeva's ransomware reversal software is available to end-user enterprises, managed security service providers, incident responders and cybersecurity solution manufacturers.

We seek Safe Harbor.