Mr. Gabriel Rene reports

VERSES AI RESPONDS TO OTC MARKETS' REQUEST REGARDING PROMOTIONAL ACTIVITY

Verses AI Inc. has been requested by OTC Markets Group Inc. to issue this statement about promotional activity concerning the company's Class A subordinate voting shares traded on the OTCQB marketplace.

On Dec. 19, 2023, the OTC Markets queried the company regarding certain promotional activities concerning the company and its shares traded on the OTCQB marketplace, including the distribution of multiple e-mails and digital marketing materials published by Winning Media LLC discussing the company, its business and the technology. and artificial intelligence sectors generally. The e-mails and the marketing materials contained information available from publicly available on-line resources.

The company was aware of the materials before they were published. The company engaged Winning Media LLC beginning in January, 2023, to provide advertising and marketing services, for an on-line marketing campaign as well as the co-ordination of marketing actions. Winning Media is a third-party marketing and advertising firm. The company compensated Winning Media a total of $150,000 for services spanning the month of December.

Winning Media utilized publicly available sources of information for its e-mails and marketing materials. The company does not believe the statements in the marketing materials and e-mails were materially false or misleading. The company did not have editorial control over the content.

After inquiry of management, other than as disclosed herein, the company confirms that its officers, directors or its controlling shareholders (in example, shareholders owning 10 per cent or more of the company's securities) have not, directly or indirectly, authorized or been involved in any way with the creation, distribution of promotional materials related to the company and its securities.

Although the company understands some of this promotional activity coincided with increased trading activity in the shares beginning on Dec. 19, 2023, it does not believe the promotional activities were the primary factor in any increase in trading volume in the shares.

After inquiry of management, no officers, directors or controlling shareholders, or third party service providers have sold or purchased the shares within the past 90 days to their knowledge.

For clarity, in the last 12 months the company has engaged for various lengths of time the following third party providers for investor relations services, public relations services or marketing services related to its securities that trade on the OTCQB and on the CBOE Canada:

Investor relations: (i) Focus Communications IR; (ii) Brisco Capital Partners Corp.; (iii) Integrous Communications; (iv) Blossom Social; (v) Real Creative Agency; (vi) Hybrid Capital Corp.; (vii) Apollo Relations*; and (viii) Factory Relations*.

Public relations and marketing companies: (i) Bryson Gillette Public Relations; (ii) Triple Bull Consulting Ltd.; (iii) Emerging Markets Consulting LLC; (iv) Winning Media LLC; (v) EQ Analytica Inc.*; (vi) VHLA Media Inc.*; (vii) i2i LLC*; (viii) Omni8 Media Corp.*; (ix) CANACOM Group*; and (x) Bospar Public Relations*.

* Denotes no longer active or discontinued

Other than as previously disclosed in the company's public filings, the company has not issued shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.

The company is committed to compliance with the OTC Markets Group policy on stock promotion and the OTCQB standards. The company encourages those interested in the company to rely solely on information included in press releases issued and distributed by the company through approved newswire or disclosure and news services, combined with its filings and disclosures, as well as information provided through the OTC Markets.

About Verses AI Inc.

Verses AI is a cognitive computing company specializing in biologically inspired distributed intelligence. The company's flagship offering, Genius, is patterned after natural systems and neuroscience. Genius can learn, adapt and interact with the world. Key features of Genius include generalizability, predictive queries, real-time adaptation and an automated computing network. Built on open standards, Genius transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines and artificial intelligence, across digital and physical domains. Imagine a smarter world that elevates human potential through innovations inspired by nature.