LIQUID META ANNOUNCES RETURN OF CAPITAL

TORONTO, May 4, 2023 /CNW/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO:LIQD) (FRANKFURT:N5F) (OTC-BB:LIQQF) is pleased to announce, further to its press releases dated March 9, 2023 and April 27, 2023, that the board of directors of the Company has set the record date and payment date of the return of capital as May 15, 2023 and May 29, 2023, respectively. The aggregate amount of the return of capital will be approximately US$10,767,449.20 resulting in US$0.20 per common share. The distribution to shareholders will be made in accordance with the "due bill" trading procedures mandated by the NEO Exchange ("NEO") for large dividends and distributions. The purpose is to result in traded shares carrying the value of the US$0.20 distribution until it is paid.