Mr. Kaleeg Hainsworth reports

LEGIBLE ANNOUNCES PRIVATE PLACEMENT AND CORPORATE YEAR END WEBINAR

Legible Inc. has arranged an offering of up to five million units of the company at 14 cents per unit for gross proceeds of up to $700,000 to be issued by way of a non-brokered private placement pursuant to exemptions from applicable Canadian securities laws. The size of the offering may be increased subject to applicable board of directors and regulatory approvals.

Each unit will consist of one common share of the company priced at 14 cents and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of 15 cents, at any time prior to 5 p.m. Vancouver time on the date that is one year from the closing date, provided that, if, at any time, after four months and one day after the closing date, the volume-weighted average trading price of the common shares on the CSE is at least 30 cents per share for a period of five consecutive trading days, the expiry date of the warrants may be accelerated by the company to a date that is not fewer than 21 days after the date that notice of such acceleration by way of a press release is provided to the warrantholders.

The first and potentially only closing under the offering is expected to be on or about Dec. 15, 2023, subject to customary closing conditions, and may be closed in tranches. A finder's fee of up to 8 per cent of the gross proceeds of the offering may be paid in cash on all or any portion of the offering. Additionally, finders' warrants may be issued in an amount up to 8 per cent of the number of common shares sold under the offering. Each finder's warrant may be exercised to acquire one common share at a price of 15 cents per share for a period of one year from the closing, provided that, if, at any time, after four months and one day after the closing, the volume-weighted average trading price of the common shares on the Canadian Securities Exchange is at least 30 cents per share, for a period of five consecutive trading days, the expiry date of the finders' warrants may be accelerated by the company to a date that is not fewer than 21 days after the date that notice of such acceleration is provided to the holders of finders' warrants, which notice will be by way of a press release.

The company intends to use the proceeds of the offering for general working capital purposes, including technology development, product and feature releases, marketing awareness, and conversion campaigns.

Legible will host a corporate year-end webinar on Dec. 13, 2023, at 4 p.m. EST, during which time Legible's chief executive officer, Kaleeg Hainsworth, will be presenting an overview of current operations, achievements in 2023 and an update on coming milestones, while sharing excerpts of the company's most recent investor presentation. Legible invites all investors and other interested parties to register for the webinar.

Date:  Dec. 13, 2023

Time:  4 p.m. EST

Mr. Hainsworth commented: "Looking back on 2023, Legible has made significant progress in strengthening its foundation. I look forward to updating our valued shareholders and those interested in hearing our story on our upcoming webinar."

About Legible Inc.

Legible is a mobile-centric global company, specializing in e-book and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible's extensive partnerships encompass four of the big-five publishers and the world's largest e-book distributor, enabling it to seamlessly deliver millions of e-books and audiobooks, effectively transforming any smart device into a dynamic library and e-bookstore.

At the heart of Legible's innovation lies its LibrarianAI, the world's pioneering artificial-intelligence-powered assistant, enhancing the reading experience. Legible's publishing division is revolutionizing the industry by crafting proprietary artificial-intelligence-enriched multimedia books, setting new standards in literary engagement.

Legible is at the forefront of reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st century publishing solutions and enriching global reading experiences.

We seek Safe Harbor.