Cypher Announces Shares for Debt Transaction

Not fo dist ibutio to U ited States Newswi e Se vices o fo dissemi atio i the U ited States

VANCOUVER, BC / ACCESS Newswi e / Novembe 5, 2026 / Cyphe Metave se I c. (CSE:CODE.X) (“Cyphe ” o the “Compa y“) is pleased to a ou ce that it has app oved the settleme t of up to $435,000.00 i i debted ess (the “Debt Settleme t“) th ough the issua ce of up to 870,000 commo sha es (the “Settleme t Sha es“) elati g to fees fo se vices pe fo med by ce tai i side s a d exte al co sulta ts of the Compa y (the “Se vice P ovide s“).

The Settleme t Sha es will be issued at a deemed p ice of $0.50 pe Settleme t Sha e i alig me t with Cyphe ‘s o goi g offe i g of subsc iptio eceipts, a d the Compa y will e te i to sha es fo debt ag eeme ts with each Se vice P ovide i co ectio with the Debt Settleme t.

Ce tai di ecto s a d office s of the Compa y may pa ticipate i the Debt Settleme t. The issua ce of Settleme t Sha es, di ectly o i di ectly, to ce tai i side s of the Compa y, would co stitute a ” elated pa ty t a sactio ” as such te m is defi ed i Multilate al I st ume t 61-101 – P otectio of Mi o ity Secu ityholde s i Special T a sactio s (“MI 61-101“), equi i g the Compa y, i the abse ce of exemptio s, to obtai a fo mal valuatio a d mi o ity sha eholde app oval, of the elated pa ty t a sactio . Pu sua t to Sectio s 5.5(b) a d 5.7(1)(a) of MI 61-101, the Compa y i te ds to ely o exemptio s f om the fo mal valuatio a d mi o ity sha eholde app oval equi eme ts, espectively, as i additio to the Compa y’s commo sha es ot bei g listed o a specified ma ket, eithe the fai ma ket value of the Settleme t Sha es o the co side atio fo such Settleme t Sha es, i sofa as it i volves the i side s, exceeds 25 pe ce t of the Compa y’s ma ket capitalizatio .

Closi g of the Debt Settleme t is a ticipated to occu o o about Novembe 10, 2026, a d is subject to ce tai customa y co ditio s, i cludi g, without limitatio , app oval of the Ca adia Secu ities Excha ge (the “CSE“). All of the secu ities issued u de the Debt Settleme t will be subject to a fou -mo th a d o e-day statuto y hold pe iod

The secu ities have ot a d will ot be egiste ed u de the U.S. Secu ities Act of 1933, as ame ded (the “U.S. Secu ities Act“), o a y applicable state secu ities laws a d may ot be offe ed o sold to, o fo the accou t o be efit of, pe so s i the U ited States o “U.S. pe so s,” as such te m is defi ed i Regulatio S p omulgated u de the U.S. Secu ities Act, abse t egist atio o a exemptio f om such egist atio equi eme ts. This ews elease shall ot co stitute a offe to sell o the solicitatio of a offe to buy, o shall the e be a y sale of the secu ities i a y ju isdictio i which such offe , solicitatio , o sale would be u lawful.

About Cyphe Metave se I c.

Fu the i fo matio about Cyphe ca be fou d o the Compa y’s website at www.cyphe -meta.com, alo g with its SEDAR+ p ofile accessible at www.seda plus.ca.

Cautio a y Note Rega di g Fo wa d-Looki g I fo matio

This ews elease co tai s fo wa d-looki g i fo matio a d fo wa d-looki g stateme ts (collectively, “fo wa d-looki g i fo matio “). Such fo wa d-looki g i fo matio is p ovided to i fo m the Compa y’s sha eholde s a d pote tial i vesto s about ma ageme t’s cu e t expectatio s a d pla s elati g to the futu e. Reade s a e cautio ed that elia ce o such i fo matio may ot be app op iate fo othe pu poses. A y such fo wa d-looki g i fo matio may be ide tified by wo ds such as “a ticipate”, “p oposed”, “estimates”, “would”, “expects”, “i te ds”, “pla s”, “may”, “will”, a d simila exp essio s, although ot all fo wa d-looki g i fo matio co tai s these ide tifyi g wo ds.

Mo e pa ticula ly a d without limitatio , the fo wa d‐looki g i fo matio i this ews elease i cludes expectatio s co ce i g (i) the Debt Settleme t, i cludi g the timi g a d closi g the eof; (ii) the level of i side pa ticipatio o the Debt Settleme t; (iii) the Compa y’s fi a ci g pla s; (iv) eceipt of egulato y, stock excha ge a d othe equi ed app ovals i co ectio with the Debt Settleme t; a d (v) the Compa y’s busi ess pla s a d ope atio s.

Fo wa d-looki g i fo matio is based o a umbe of facto s a d assumptio s that have bee used to develop such i fo matio but which may p ove to be i co ect. Such mate ial facto s a d assumptio s used to develop this fo wa d-looki g i fo matio i cludes (i) the status of a d impact of policy, legislatio a d egulatio s; (ii) effective tax ates; a d (iii) fi a ci g assumptio s, i cludi g i debted ess a d a ticipated i te est ates. Although the Compa y believes that the expectatio s eflected i such fo wa d-looki g i fo matio a e easo able, u due elia ce should ot be placed o fo wa d-looki g i fo matio because the Compa y ca give o assu a ce that such expectatio s will p ove to be co ect. The fo wa d-looki g i fo matio i this ews elease eflects the Compa y’s cu e t expectatio s, assumptio s a d/o beliefs based o i fo matio cu e tly available to the Compa y.

A y fo wa d-looki g i fo matio speaks o ly as of the date o which it is made a d, except as may be equi ed by applicable secu ities laws, the Compa y disclaims a y i te t o obligatio to update a y fo wa d-looki g i fo matio , whethe as a esult of ew i fo matio , futu e eve ts, o esults.

Co tact I fo matio

Fo fu the i fo matio , please co tact:

Neithe the Ca adia Secu ities Excha ge o its Ma ket Regulato (as that te m is defi ed i the policies of the Ca adia Secu ities Excha ge) accepts espo sibility fo the adequacy of this elease.

SOURCE: Cyphe Metave se I c.

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