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Calgary, AB TheNewswire - October 28, 2025 Universal Ibogaine Inc. ( TSXV:IBO ) (" UI " or the " Company "), a life sciences company with a mission to research and deliver medicalized ibogaine-centered addiction care, advises that effective October 24, 2025, the Company has temporarily closed its Kelburn Recovery Centre (" Kelburn ") operation. Â Kelburn is located south-east of Winnipeg, Manitoba, and has operated to provide addiction treatment and mental health care counselling services.
UI is in process of undertaking a re-structuring, including pursuing various financing options, which may include the ultimate sale of or leasing of the Kelburn property to a third party.  As part of this process, Kelburn has been closed, and its staff laid off.  UI continues to focus on its  main business, which is the effort to have Ibogaine approved for use under UI's Clinical Trial Application which is planned to be submitted to Health Canada.
About Universal Ibogaine Inc.
UI is a life sciences company, with a mission to transform addiction treatment using medicalized ibogaine through a planned Canadian clinical trial focused on opioid use disorder, and ultimately to utilize that treatment protocol globally through planned future licensing agreements. UI's goal is to revolutionize the way we treat addiction and drastically improve the lives of individuals and families affected by addiction.
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
‎This news release may contain forward-looking statements and information. Forward-looking information is frequently characterized by words such ‎as "plans", "planned", "expect", "project", "intends", "intended" "will", "believe", "anticipate", "estimate", "scheduled", ‎‎"potential", or other similar words, or statements that certain events or conditions "may", "should" or ‎‎"could" occur. The forward-looking statements and information are based on certain key expectations ‎and assumptions made by UI at the date the statements are made. Although UI believes that the expectations and assumptions on which the forward-‎looking statements are based are reasonable, undue reliance should not be placed on the forward-‎looking statements because UI can give no assurance that they will prove to be correct.
Since ‎forward-looking statements address future events and conditions, by their very nature they involve ‎inherent risks and uncertainties. Actual results could differ materially from those currently anticipated ‎due to a number of factors and risks, which include, but are not limited to, risks that required ‎regulatory approvals are not obtained. The reader is cautioned that assumptions used in the ‎preparation of such information, although considered reasonable by UI at the time of ‎preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on ‎forward-looking information, which speaks only to conditions as of the date hereof. UI does not ‎undertake any obligation to release publicly any revisions to forward-looking information contained ‎herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence ‎of unanticipated events, except as may be required under applicable securities laws. ‎
Additional information identifying risks and uncertainties that could affect financial results and the Company is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com
For further information:
Nick Karos, CEO
612-309-3527
Nick.Karos@universalibogaine.com
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