Metasphere Labs Announces Cancellation of Non-Brokered LIFE Offering

(TheNewswire)

Vancouver, British Columbia – TheNewswire - December 1, 2025 – Metasphere LabsInc . (“Metasphere” or the “Company”) (CSE: LABZ ) (OTC: LABZF ) (FRA: H1N ) , announces that, due to unfavorablemarket conditions, the Company has elected to cancel its previouslyannounced  non-brokered private placement offering (the “LIFEOffering”). The LIFE Offering was intended to be conducted under theListed Issuer Financing Offering under section 5A.2 of National Instrument 45-106 - ProspectusExemptions , as amended by Coordinated BlanketOrder 45-935 – Exemptionsfrom Certain Conditions of the Listed Issuer FinancingExemption .

The LIFE Offering was originally announced on October17, 2025, and subsequently amended on November 4, 2025 and November19, 2025. Further details regarding the proposed terms of the LIFEOffering can be found in the Company’s prior news releases.

The Company continues to evaluate other potentialfinancing opportunities and will provide further updates asappropriate.

About Metasphere Labs Inc.

Metasphere Labs Inc. specializes in integratingblockchain technology into real-world applications, with a focus onenvironmental sustainability and social impact.

For more information, please contact:
Metasphere Labs Inc.
Francis Rowe, CFO
Email: info@metasphere.earth

Phone: 604-687-2038

Forward-Looking Information

Thisnews release contains "forward-looking statements."Statements in this news release that are not purely historical areforward-looking statements and include any statements regardingbeliefs, plans, expectations, or intentions regarding the future.Forward-looking information in this release includes, but is notlimited to, statements regarding the Company’s evaluation ofalternative financing opportunities, its business strategies,operational plans, and any future updates or developments the Companymay provide .

Forward-looking information is basedon management’s expectations, estimates, and projections as of thedate of this release and is subject to risks and uncertainties, manyof which are beyond the Company’s control. These risks anduncertainties include, but are not limited to: general economic,market, and business conditions; the Company’s ability to securefuture financing on acceptable terms or at all; regulatory risks andcompliance requirements; risks associated with the Company’soperating history; technological development risks; and other risksdescribed in the Company’s continuous disclosure filings.

Although management considers theseassumptions to be reasonable based on information currently availableto it, they may prove to be incorrect. These forward-lookingstatements are only predictions and involve known and unknown risks,uncertainties and other factors, including, without limitation: theCompany’s ability to execute its strategic initiatives; marketvolatilit; risks related to the Company’s working capitaldeficiency; and other risks described in the Company’s filings onSEDAR+.

Risks and uncertainties about theCompany’s business are more fully discussed in the Company’sdisclosure materials, including its reports filed with the Canadiansecurities regulators and which can be obtained from www.sedarplus.ca .

Any of these risks may cause theCompany’s actual results, levels of activity, performance orachievements to be materially different from any future results,levels of activity, performance or achievements expressed or impliedby these forward-looking statements. Further, although the Company hasattempted to identify factors that could cause actual results, levelsof activity, performance or achievements to differ materially fromthose described in forward-looking statements, there may be otherfactors that cause results, levels of activity, performance orachievements not to be as anticipated, estimated or intended. Theseforward- looking statements are made as of the date of this newsrelease, and the Company assumes no obligation to update theforward-looking statements, or to update the reasons why actualresults could differ from those projected in the forward-lookingstatements, except as required by applicable law. The Company cautionsthat forward-looking information in this news release should be readtogether with the risk factors and cautionary statements contained inthe Second Amended Offering Document dated November 19, 2025 and theCompany’s continuous disclosure filings on SEDAR+.

SOURCE: METASPHERE LABS INC.

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