Mr. David Scott reports

VERSES ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT OFFERING OF UNITS

Verses AI Inc. has completed a second tranche of its non-brokered private placement through the issuance of 473,500 units of the company at a price of 75 cents (54 U.S. cents) per unit for gross proceeds of $355,125 (approximately $257,318 (U.S.)). Together with the previously completed tranche, which was announced on March 16, 2026, the company has raised aggregate gross cash proceeds of $1,100,930 (approximately $797,717 (U.S.)) and extinguished $132,300 (approximately $95,863 (U.S.)) in liabilities through the issuance of an aggregate of 1,644,307 units.

Each unit is composed of one Class A subordinate voting share of the company and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one share of the company at an exercise price of $1 (approximately 72 U.S. cents) per warrant share at any time until the date that is 24 months from the date of issuance, subject to adjustment in certain events.

The net proceeds of the offering are intended to strengthen the company's financial position and provide liquidity to finance continuing operations, including, in particular, the company's expenses incurred, and expected to be incurred, in connection with the company's research and development objectives, and for working capital and general corporate purposes.

In connection with the second tranche of the offering, the company paid aggregate cash finders' fees of $10,410 (approximately $7,543 (U.S.)) and issued an aggregate of 29,880 finder warrants to certain finders located outside of the United States, which assisted the company with the offer and sale of units to purchasers who were not U.S. persons as defined in Regulation S under the U.S. Securities Act (as defined below). Each finder warrant entitles the holder thereof to acquire one finder unit at a price of 75 cents (approximately 54 U.S. cents) for a period of 24 months from the closing date. Each finder unit will consist of one share and one-half of one share purchase warrant, and each finder unit warrant will be exercisable to purchase one additional share at a price of $1 (approximately 72 U.S. cents) per share for a period of 24 months from the closing of the offering.

All securities issued under the offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

About Verses AI Inc.

Verses is a cognitive computing company building next-generation intelligent agentic systems modelled after the wisdom and genius of nature. Designed around first principles found in science, physics and biology, its flagship product, Genius, is an agentic enterprise intelligence platform designed to generate reliable domain-specific predictions and decisions under uncertainty. Imagine a smarter world that elevates human potential through technology inspired by nature.

We seek Safe Harbor.