Nubeva Technologies Ltd. — Capital/Financing Update 2021

Jun 28, 2021

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NEWS RELEASE

NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Nubeva Announces Closing of Shares for Debt Transaction

San Jose, California, June 25, 2021 -- Nubeva Technologies Ltd. ("Nubeva'' or the "Company") (TSX-V: NBVA), a developer of decryption software that broadens network traffic security and visibility, announces that, further to its May 14, 2021 news release, it has settled debt with a creditor of the Company in the amount of $52,500 through the issuance of 46,052 common shares of the Company at a deemed price of $1.14 per share (the “Debt Settlement”). The common shares issued in connection with the Debt Settlement are subject to a hold period that will expire four months and one day from issuance.

About Nubeva Technologies Ltd.

Nubeva Technologies Ltd. Nubeva develops and licenses proprietary software for the decryption of network traffic. Nubeva’s next-generation SKI (Session Key Intercept) technology represents a better, faster, easier, and lower-cost alternative to legacy decryption. Our solution provides a complete option for manufacturers, integrators, and managed services providers of cybersecurity and application assurance solutions. Today, nearly all network traffic uses TLS (formerly SSL) for security and privacy. Yet, enterprises still must see the data-in-motion to detect and respond to cybersecurity threats and application performance issues. With constant evolution in TLS protocols and the advancements in application, network, and computing architectures, gaps continue to grow in the legacy decryption methods. Nubeva’s SKI technology represents the next-generation solution for the industry moving forward. Visit nubeva.com for more information.

For additional information, please contact:

Juliet Jones Nubeva Technologies Ltd. 1-(844) 538-4638

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the cybersecurity industry. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments, and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release, and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations, or statements made by third-parties in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as applicable).

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.