Gemina Terminates Transaction

VANCOUVER, BC / ACCESS Newswire / October 1, 2025 / Gemina  Laboratories Ltd. (CSE:GLAB) (the "Company" or "Gemina") announces that  further to its news release dated November 13, 2024, the Company will not be  proceeding with the non-brokered private placement of up to $7,000,000 at a price of  $0.75 per common share. The Company has not been able to close on its subscription  and is in the process of exploring financing alternatives. 

The Company also wishes to announce that Martha Najib and Bola Grace have left the board of directors. The Company sincerely thanks them both for their service and  wishes them the very best in their future endeavours. 

This news release does not constitute an offer to sell or a solicitation of an offer to  buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the  "U.S. Securities Act") or any state securities laws and may not be offered or sold  within the United States or to U.S. Persons unless registered under the U.S. Securities  Act and applicable state securities laws or an exemption from such registration is  available. 

On Behalf of the Board of Directors John Davies 

Chairman 

Gemina Laboratories Ltd. 

About Gemina Laboratories Ltd. 

Gemina Labs is a biosensor and binding technologies company initially focused on  the diagnostics industry. Our technologies include transformative, patented, proprietary chemistries that power next generation testing platforms for a wide range  of pathogens and other analytes that affect human health and wellness, driving testing  platforms that are fast, affordable and accurate, and easily self- administered. More  information about Gemina's technology can be found here: 

Additional information on the Company can be found at www.geminalabs.com.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is  defined in the policies of the Canadian Securities Exchange) accepts responsibility  for the adequacy or accuracy of this Release. 

Forward Looking Statements 

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the  future business, operations, financial performance, prospects, and other plans,  intentions, expectations, estimates, and beliefs of the Company. Such statements  include, without limitation, statements regarding the intended use of the proceeds  raised under the Offering, and the intended growth of the Company's product  catalogue and commercial partnerships. Information and statements which are not  purely historical fact are forward- looking statements. Forward-looking information  and statements involve and are subject to assumptions and known and unknown risks,  uncertainties, and other factors which may cause actual events, results, performance,  or achievements of the Company to be materially different from future events, results,  performance, and achievements expressed or implied by forward-looking information  and statements herein. These risks and uncertainties include delays in obtaining  required regulatory approvals; market uncertainty; the inability of the Company to use  the proceeds raised under the Offering as anticipated; and the risk that the Company  will be unable to develop its product catalogue and commercial partnerships as  expected. Although the Company believes that any forward-looking information and  statements herein are reasonable, in light of the use of assumptions and the significant  risks and uncertainties inherent in such information and statements, there can be no  assurance that any such forward-looking information and statements will prove to be  accurate, and accordingly readers are advised to rely on their own evaluation of such  risks and uncertainties and should not place undue reliance upon such forward looking information and statements. As such, any forward-looking information and  statements herein are made as of the date hereof, and except as required by applicable  laws, the Company assumes no obligation and disclaims any intention to update or  revise any forward-looking information and statements herein or to update the reasons  that actual events or results could or do differ from those projected in any forward  looking information and statements herein, whether as a result of new information,  future events or results, or otherwise, except as required by applicable laws. 

For more information regarding the Company, please contact:  

Email: investor@geminalabs.com 

SOURCE: Gemina Laboratories Ltd.