MetaWorks Platforms, Inc. announced private placement of 2,500,000 common shares at a price of $0.02 per common share for gross proceeds of $50,000 and entered into a promissory note agreement of Convertible promissory note for a gross proceeds $96,000, bringing aggregate proceeds of $146,000 on March 1, 2024. The Notes bear interest rate of 15% and matures on December 30, 2024. The transaction included participation from 1 individual investor for common stock and one subscriber in case of Convertible note. On March 1, 2024 company converted $25,000 of debt into 625,000 shares of our common stock at a value of $.04 per share. The total amount of the Promissory Note of $110,400 (including principal and interest) will be repaid in one(1) balloon payment of $55,200 due August 30, 2024. After the balloon payment, five (5) payments each of US$13,800, the first payment due on September 30, 2024, with subsequent payments each month thereafter. We will have a five-day grace period with respect to each payment.

On same date, the company issued 2,500,000 common shares at a price of $0.02 per common share for gross proceeds of $50,000 it its first tranche.