Vancouver, British Columbia – TheNewswire - December 1, 2025 – Metasphere Labs Inc. (“Metasphere” or the “Company”) (CSE: LABZ ) (OTC: LABZF) (FRA: H1N), announces that, due to unfavorable market conditions, the Company has elected to cancel its previously announced  non-brokered private placement offering (the “LIFE Offering”). The LIFE Offering was intended to be conducted under the Listed Issuer Financing Offering under section 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.

The LIFE Offering was originally announced on October 17, 2025, and subsequently amended on November 4, 2025 and November 19, 2025. Further details regarding the proposed terms of the LIFE Offering can be found in the Company’s prior news releases.

The Company continues to evaluate other potential financing opportunities and will provide further updates as appropriate.

About Metasphere Labs Inc.

Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, with a focus on environmental 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

This news release contains "forward-looking statements." Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking information in this release includes, but is not limited to, statements regarding the Company’s evaluation of alternative financing opportunities, its business strategies, operational plans, and any future updates or developments the Company may provide.

Forward-looking information is based on management’s expectations, estimates, and projections as of the date of this release and is subject to risks and uncertainties, many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to: general economic, market, and business conditions; the Company’s ability to secure future financing on acceptable terms or at all; regulatory risks and compliance requirements; risks associated with the Company’s operating history; technological development risks; and other risks described in the Company’s continuous disclosure filings.

Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including, without limitation: the Company’s ability to execute its strategic initiatives; market volatilit; risks related to the Company’s working capital deficiency; and other risks described in the Company’s filings on SEDAR+.

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

Any of these risks may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Further, although the Company has attempted to identify factors that could cause actual results, levels of activity, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause results, levels of activity, performance or achievements not to be as anticipated, estimated or intended. These forward- looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law. The Company cautions that forward-looking information in this news release should be read together with the risk factors and cautionary statements contained in the Second Amended Offering Document dated November 19, 2025 and the Company’s continuous disclosure filings on SEDAR+.

SOURCE: METASPHERE LABS INC.