Minerva Intelligence Reports 2022 Year End Results

VANCOUVER, BC, May 1, 2023 /CNW/ - Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB: MVAIF) ("Minerva" or the "Company"), a software and data analytics company focused on building decision support tools for climate risk announces its financial results for the 2022 year end. All amounts are presented in Canadian dollars.

• Total revenues for the year ended December 31^st, 2022, after allowing for discontinued operations, of $104,892 (2021: $268,679)

• Net loss for the year ended December 31^st, 2022, of $2.48 million (2021: $2.84 million)

• Year end cash balance of $1.140 million

For full details on Minera's reported results, please go to https://minervaintelligence.com/investors.

About Minerva Intelligence Inc.

Minerva Intelligence Inc. is a software and data analytics company based in Vancouver, Canada that uses cutting-edge technologies to address pressing challenges faced by businesses and communities. We specialize in climate science and AI, extracting valuable insights from complex data sets and providing actionable recommendations to our clients.

Minerva's proprietary technology is rooted in hazard mapping and climate modeling, coupled with a deep experience in AI that enables us to extract valuable insights and package them into actionable ways for a diverse range of applications. With our expertise and technology, we help clients thrive in the face of an ever-changing climate. Minerva's common shares are currently listed on the TSX Venture Exchange (symbol MVAI). For further details, please visit our website www.minervaintelligence.com or follow us on Twitter or LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

Forward Looking Information: This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, statements with respect to the business strategy and objectives of the Company are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include changes in project parameters

as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, regulatory changes, delays in receiving approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. Mineral exploration and development of mines is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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SOURCE Minerva Intelligence Inc.

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View original content: http://www.newswire.ca/en/releases/archive/May2023/01/c4363.html