Mr. Alen Silverrstieen reports

IMAGINEAR CLOSES THIRD AND FINAL TRANCHE OF CONVERTIBLE NOTE FINANCING

ImagineAR Inc., further to its news releases dated Aug. 30, 2024, Sept. 10, 2024, and Oct. 22, 2024, has closed the third and final tranche of a convertible note financing in the amount of $590,000. The total amount received for all three tranches equals $1.1-million. Proceeds raised will be used to support the company's major initiatives: location-based entertainment, artificial intelligence integration with AR (augmented reality), and patent enforcement and licensing.

The convertible notes and interest are convertible at any time by the holder or upon the automatic conversion into units at five cents per unit. Each unit consists of one common share and one warrant exercisable into one common share at seven cents for three years from the date the convertible notes are issued.

A director of the company participated in the financing for $270,000.

No finders' fees or commissions will be paid.

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

About ImagineAR Inc.

Imagine AR has developed an "AR-as-a-Service" platform that enables sports teams and organizations of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR.

We seek Safe Harbor.