TORONTO, O.N, Canada – October 14, 2022 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D model services is pleased to announce that it has now received Shareholder approval at the annual and special meeting of shareholders of the Company held on October 12, 2022 to proceed with its proposed plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia) to spinout the Company’s ARway platform and associated assets to Nextech’s wholly-owned subsidiary 1000259749 Ontario Inc. (“Spinco”). All as more particularly described in the management information circular of the Company in respect of the Meeting dated as of September 1, 2022 (the “Circular”), available on SEDAR at www.sedar.com.