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# Metasphere Labs Inc.

## Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., “Metasphere” or the Company) (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N), a leading innovator in blockchain technology and decentralized finance (DeFi) applications, announces its financial results for the second quarter ended January 31, 2024. The CompanyÔÇÖs interim consolidated financial statements for the interim period ended January 31, 2024, as well as its accompanying management discussion and analysis have been filed on under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Metasphere Labs Inc. is a company that thrives in blockchain technology and DeFi applications. By focusing on developing metaverse environments, DAO solutions, gamification, and Web3 / blockchain monetization strategies, Metasphere aims to address social coordination problems related to climate change and contribute positively to the environment.

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For further information, please contact Natasha Ingram, CEO at [email protected].

**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. Such forward-looking statements include, among other things, open metaverse projects and development of virtual world projects.

The material assumptions supporting these forward-looking statements include, among others, that: the Company could mitigate the risks associated with the blockchain and NFT industry; the ability to compete with other businesses in the NFT, metaverse, and blockchain markets; the availability of sufficient funding to carry out the Company’s business development plans; favorable market conditions; and the market acceptance for its products.

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: the continued growth and adoption of NFT, metaverse, and blockchain offerings; the cost of developing and designing NFTs and metaverses is economically viable; the Company being able to attract and retain a sufficient workforce with desired skill sets to develop the Company’s digital offerings; the availability of offerings provided by third-parties in the NFT, metaverse development, and online gaming market to identify potential transactions; the increasing adoption of NFTs as a solution for various online gaming, entertainment, and collectible uses; the Company having the ability to mitigate the risks associated with the blockchain and NFT industry; and the ability to compete with other businesses in the NFT, metaverse development, content creation, and collectibles market.

Risks and uncertainties about the CompanyÔÇÖs business are more fully discussed in the CompanyÔÇÖs 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 CompanyÔÇÖs 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, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. The Company does not assume any liability for disclosure relating to any other company mentioned herein.

**SOURCE: METASPHERE LABS INC.**

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