Metasphere Labs Announces Non-Brokered Private Placement

Vancouver, BC — June 25, 2026 — Metasphere Labs Inc., a company focused on integrating blockchain technology into real-world applications with an emphasis on environmental sustainability and social impact, has announced a non-brokered private placement of up to 3,571,429 units, aiming to raise gross proceeds of up to $500,000. The company’s shares are traded on the Canadian Securities Exchange (CSE) under the ticker LABZ and on OTC Pink as LABZF. This fundraising effort is part of Metasphere's strategic financing plans to support its operational and development initiatives.

The private placement involves the sale of units at a price of $0.14 each. Each unit consists of one common share of Metasphere and half of a common share purchase warrant. Each whole warrant grants the holder the right to acquire an additional common share at a price of $0.175 for a period of 48 months from the date of issuance. The proceeds from the offering will be used for general corporate purposes, including administrative expenses and working capital.

The company noted that the offering may be completed in one or multiple tranches, subject to necessary approvals, including approval from the CSE. In connection with this offering, Metasphere may pay finder's fees or issue warrants to third parties as permitted by securities regulations and exchange policies. All securities issued will be subject to a statutory hold period of four months and one day in accordance with Canadian securities laws.

In addition to its fundraising efforts, Metasphere announced the appointment of Elijah Dumaresq as the new Corporate Secretary, effective June 18, 2026. Dumaresq replaces Francis Rowe, who has resigned from this role but continues as the company’s Chief Financial Officer. Elijah Dumaresq brings a wealth of experience in financial strategy, regulatory compliance, and corporate governance, having previously served as CFO for Zefiro Methane Corp., where he played a key role in taking the company public. Dumaresq, an honors graduate in Economics from McGill University, has served as an officer for various public companies across the U.S. and Canada and currently helps guide financial strategies and compliance for Metasphere.

Metasphere Labs Inc. is dedicated to leveraging blockchain technology to create sustainable and socially impactful solutions. The company's focus is on deploying innovative blockchain applications that promote environmental sustainability and social development, aligning with global efforts to address climate change and social equity.

This announcement does not constitute an offer to sell or a solicitation to buy securities, nor shall there be any sale of securities in any jurisdiction where unlawful. The securities issued pursuant to the offering have not been registered under U.S. securities laws and may not be offered or sold in the United States without registration or an applicable exemption, emphasizing the company's compliance with applicable legal requirements.

For additional information about Metasphere Labs Inc., please visit their website at http://metasphere.earth.

Source: Metasphere Labs Inc.