Liquid Meta Provides Corporate Update

TORONTO, May 29, 2023 /CNW/ - Liquid Meta Capital Holdings Ltd. ("Liquid Meta" or the "Company") (NEO:LIQD) (FRANKFURT:N5F) (OTC-BB:LIQQF) announced an update of its strategic review process initiated by the board of directors of the Company (the "Board") to evaluate potential strategic alternatives to preserve and maximize value to shareholders of the Company and consider a range of options available to the Company, including, but not limited to, a sale, merger, divestiture, return of capital, other strategic transactions or continuing to operate as an independent public company (the "Strategic Review"), as previously disclosed in the Company's press releases dated December 21, 2022 and March 9, 2023.  As part of its Strategic Review, the Board determined that it is desirable and in the best interest of the Company to discontinue the operations of the Company's liquidity crypto mining business and discontinue the development of the Company's MetaBridge technology, following which the Company will have no active business operations.