Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES REPRICING OF PROPOSED PLACEMENT

Further to Nextech3D.AI Corp.'s press release dated Aug. 16, 2024, the company proposes to reprice the financing and complete a non-brokered private placement pursuant to which it will issue up to 28 million units at a price of 10 cents per unit, to raise aggregate gross proceeds of up to $2.8-million.

Each unit will comprise one common share of the company and one common share purchase warrant, with each whole warrant exercisable to acquire one additional share at a price of 15 cents for a period of 24 months from the date of issuance thereof, provided that if the daily volume-weighted average trading price of the shares on the Canadian Securities Exchange exceeds 30 cents for 10 consecutive trading days, the company may accelerate the expiry date of the warrants to the date which is 30 days following the date upon which the company provides notice of such acceleration to the holders of the warrants.

The net proceeds from the offering will be used for working capital and general corporate purposes. The company will pay a cash finders fee of 8 per cent to eligible registrants assisting in the offering and issue 8 per cent broker warrants to such registrants, with each broker warrant entitling the holder to acquire one share at 15 cents for a period of 24 months.

The offering remains subject to the receipt of all regulatory approvals, including the approval of the Canadian Securities Exchange.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3-D (three-dimensional) experiences at scale for e-commerce. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers.

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