Metasphere Labs Provides Clarifying News Release Regarding Its Acquisition of CarbonBot and ClimateBot

VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) — Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., “Metasphere Labs” or the “Company”) (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N). As a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its disclosure in: (a) the news releases dated February 6 and 8, 2024 announcing the entering of a definitive agreement and subsequent closing of the acquisition of Bot Media Corp.’s (“Bot Media” or the “Vendor“) climate and artificial intelligence (AI) web3 assets (the “Purchased Assets“); (b) the news release dated March 21, 2024 announcing a definitive agreement with Bluesphere Ventures Inc. (“Bluesphere“); and (c) the news release dated June 6, 2024 announcing a letter of intent with Ecoblox, Pure Sky Registry LLC (“PureSky“) and Bluesphere, followed by the news release and material change report dated July 9, 2024 announcing the entering of a definitive agreement with Ecoblox and PureSky in connection with the previously announced letter of intent.

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