VS Versus Systems Inc

Versus Systems, Inc. (“Versus” or the “Company”) (Nasdaq: VS) today announced the newest release of one of their most popular products: Filter Fan Cam.

The Filter Fan Cam product applies 3D filters in real-time to in-venue streams of crowds and fans at live events. The fans, with their filters, are then featured on jumbotrons, halo boards, and main boards throughout arenas and stadium events worldwide. Since its inception, Filter Fan Cam has been deployed by teams from the NFL, NBA, NHL, NCAA, as well as national soccer teams and Japanese baseball. Brands and teams have even worked together on deployments such as when the New York Red Bulls launched an activation with Wendy’s, where fans appeared on the big screen with Wendy’s iconic red hair and pigtail braids.

With the latest version of the Filter Fan Cam product, Versus Systems now offers mobile features for brands, restaurants, and other smaller physical venues beyond stadiums and arenas. With the latest version of Filter Fan Cam, partners can now engage with fans directly on their mobile phones.

This new Mobile Filter Fan Cam was recently leveraged in a national program managed by ent! Marketing, as well as a program for Clemson football fans with Red Moon Marketing to support initiatives for Coca-Cola.

“We added Filter Fan Cam to our video board content in 2018 and it’s been a hit with our fans ever since. We’ve done custom helmets, shoulder pads, basketballs - we’ve thrown some crazy ideas at Versus Systems’ design team, and they’ve always answered the call,” said Mike Bilbow, Assistant Athletic Director for the University of Georgia Athletic Association. “Even during the Pandemic, they adapted Filter Fan Cam to work with a masked crowd. We’ve just implemented the latest version, and the graphics look amazing. We’re excited to continue our partnership, and see what’s next!”

“We are thrilled to work with the best teams and partners in the world – teams like the National Champion Georgia Bulldogs football team,” said Matthew Pierce, founder and CEO of Versus. “We work hard to make sure our interactive and rewarded products, like Filter Fan Cam, deliver great experiences to fans in-venue or at home.”

The new 2022 version of Filter Fan Cam includes a more intuitive user interface, improved model quality, materials, positional tracking, and lighting. Versus Systems engineering and animation teams added a soft body system for movement, an Advanced Camera Driver, and a portfolio of animated 2.5D parallax filters. Customers of all kinds, from teams to brands, can work with Versus Systems to create custom filters to bring their mascots, their products, and their game day traditions to life.

To experience the new Filter Fan Cam in action, visit the Versus Systems Event Calendar at www.versussystems.com/calendar and to learn more about Filter Fan Cam and its features please visit www.versussystems.com/filterfancam.

About Versus Systems

Versus Systems Inc. is an engagement and rewards company that makes live events, games, shows, and apps more fun to watch and play. Versus adds interactive games, polling, trivia, predictive elements, and other win conditions to existing entertainment - whether in-venue or online - making the content more contextual, personal, and rewarding. Versus works with brands, advertisers, world class sports teams, leagues, venues, entertainment companies, and other content creators to make engaging, rewarding experiences for fans all over the world. For more information, please visit www.versussystems.com or visit the official Versus Systems YouTube channel.

Investor Contact:

Cody Slach and Sophie Pearson Gateway Investor Relations 949-574-3860 IR@versussystems.comor press@versussystems.com

Disclaimer for Forward-Looking Information

This news release contains certain forward-looking information and forward-looking statements within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward looking statements. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable law.