TORONTO,  September 1, 2022 – Liquid Meta Capital Holdings Ltd. (“Liquid Meta” or the “Company”)

(NEO:LIQD) (FRANKFURT: N5F) (OTCQB: LIQQF) a decentralized finance infrastructure and technology
company focused on bridging the gap between traditional and decentralized finance, today announced its financial
results for the twelve-months ending May 31, 2022.

All dollar figures are in United States dollars (“USD”), unless otherwise stated.

Quarterly and Full Year Financial Highlights

● Achieved full year gross revenue (Reward tokens and trading fees) of $2,429,047 and gross quarterly
revenues (Reward tokens and trading fees) of $932,896
● Achieved net quarterly revenue of $496,296 when accounting for any volatile asset exposure and market
hedging activities that allowed Liquid Meta to preserve its treasury during major global and crypto
markets volatility since November 2021
● As at May 31, 2022, total assets of approximately $22.0M (CAD$27.8M) or $0.41 (CAD$0.52) per share
and no debt
● During the time period between January 1st 2022 and Fiscal Year End May 31, 2022 Total Shareholders’
Equity declined by only 4.3% while the prices of Bitcoin, Etherium and a basket of layer one token prices
declined by 33.5%, 46% and 77%, respectively.
Full Year Operational Highlights
● Completion of Company’s public listing raising gross proceeds of $22.2M and began trading on the NEO
Exchange in Canada in late December 2021
● Partnered with XLD Finance to provide liquidity within XLD’s ecosystem that enables users to spend their
play-to-earn rewards in real world applications and convert between fiat and crypto assets
● Partnered with Civic Technologies to expand Liquid Meta’s capabilities implementing standards like KYC
and KYB within permissioned DeFi applications and protocols
● Received DTC Eligibility in May 2022 and began trading on the OTCQB in July 2022
● Began trading in Europe on the Frankfurt Stock Exchange in Q3 2022
● Key members added to the team: Clara Bullrich to our Board of Directors and Daniel Opperman as Chief
Technology Officer
● No material exposure or losses resulting from collapse of stablecoin UST and related projects in the Terra
● Successfully recovered assets related to the Ronin Network security breach and had no corresponding
losses to Liquid Meta
● Average liquidity deployed of US19.6M throughout Q4. Due to the market volatility, we held on average
10% of our balance sheet in cash throughout the quarter.
● Liquidity mining operations spanned 7 different blockchains, 26 Dapps and 41 liquidity Pools in Q4
utilizing a variety of market neutral strategies.

“Q4 was Liquid Meta’s first full quarter as a publicly traded company. Despite the very difficult market
environment across global equity and crypto markets in 2022, I am pleased that we successfully navigated the
market producing excellent financial results and preserving our asset base. During our Q4 period, crypto assets such
as Bitcoin, Ethereum and a basket of layer one tokens used in our liquidity mining operations respectively declined
by 29%, 32% and 71%. The failure of the algorithmic stable coin UST and its sister token LUNA destroyed greater
than $50B of market capitalization from the overall crypto markets by the end of May. The collapse of UST caused
a significant deleveraging cycle throughout the industry resulting in many bankruptcies, lower yields in DeFi and an
overall crisis in confidence. Liquid Meta was structured to operate in all market environments and its business
model has been continuously stress tested. I am pleased by the company’s ability to not only weather the intense
market volatility from within crypto and general macro conditions and markets, but also its ability to generate
respectable revenues and net yields during this time” commented Jonathan Wiesblatt, CEO of Liquid Meta.

Mr. Wiesblatt continued, “Liquid Meta’s mission is to bridge the gap between traditional finance and decentralized
finance. One of the silver linings of the crypto credit issues was the solid performance of decentralized lending
protocols under immense stress of liquidations and market volatility. The open and accessible protocols – such as
Aave and Compound – were prioritized in terms of debt repayments due to their smart contract construction. This
systemic stress test is clear evidence of the promise of open and more transparent financial infrastructure and further
encourages us to keep building.”

“We also continue to build our DeFi technology platform to ultimately facilitate institutional-grade access to the
world of decentralized finance and crypto yields. Our plans to introduce new technologies and a platform are on
schedule and we continue to use components of these tools on a daily basis for our own liquidity mining business.
The tools that we have been building have helped us to accurately measure market risks and to reduce our exposure
to large drawdowns in the DeFi industry. We believe that DeFi should not feel risky or complicated. That is why we
are building a secure platform for institutional investors to access the benefits of DeFi and crypto yields in a simple
and secure manner. This is a very exciting time to be a builder in an emerging new market.”

Financial Statements and MD&A
Liquid Meta’s financial Statements for the quarter ended May 31, 2022 and Management’s Discussion and Analysis
(the “MD&A”) for the three and twelve-months ended May 31, 2022 are available on SEDAR at

About Liquid Meta
Liquid Meta is a decentralized finance infrastructure and technology company that is powering the next generation
of open-access protocols and applications. The Company is creating the bridge between traditional and decentralized
finance while ushering in a new era of financial infrastructure that benefits anyone, anywhere.

To learn more visit Website | LinkedIn | Twitter

Cautionary Notice
Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.

Forward-Looking statements
This news release contains “forward-looking information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements,
other than statements of historical fact, are forward-looking statements and are based on expectations, estimates
and projections as at the date of this news release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often
but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not
anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such
words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be
taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Liquid Meta to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. Factors that could cause
actual results to differ materially from those anticipated in these forward-looking statements are described under
the caption “Risks and Uncertainties” in the Company’s Filing Statement dated as of December 17, 2021 which is
available for view on SEDAR at Forward-looking statements contained herein are made as of the
date of this press release and Liquid Meta disclaims, other than as required by law, any obligation to update any
forward-looking statements whether as a result of new information, results, future events, circumstances, or if
management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking

Liquid Meta’s operations could be significantly adversely affected by the effects of a widespread global outbreak of
a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately
predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including
uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the
outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In
addition, a significant outbreak of contagious diseases in the human population could result in a widespread health
crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic
downturn that could further affect operations and the ability to finance its operations.

For further information:
Jonathan Wiesblatt, President, CEO
Liquid Meta Investor Relations

SOURCE Liquid Meta Capital Holdings Ltd


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