ANY Sphere 3D Corporation

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Sphere 3D Corporation (TSX VENTURE:ANY) ("Sphere3D" or "the Company") is pleased
to announce that it has entered into an agreement with a syndicate of
underwriters led by Cormark Securities Inc. (collectively, the "Underwriters"),
pursuant to which the Underwriters have agreed to purchase, on a bought deal
private placement basis, 1,000,000 units (the "Units") of the Company at a
purchase price of $3.35 per Unit (the "Offering Price"), for gross proceeds to
the Company of $3,350,000 (the "Offering"). Each Unit will consist of one common
share of Sphere (a "Common Share") and one-half of one purchase warrant (each
full warrant, a "Warrant"), each full Warrant being exercisable to acquire one
common share of Sphere3D at a purchase price of $4.50 for a period of 24 months
following the closing of the Offering. The Warrants shall be subject to an
acceleration clause whereby should the Common Shares of the Company trade at
$6.00 or more for more than 10 consecutive trading days, the Company has the
right to force exercise of the Warrants by providing notice to the warrantholder
(the "Forced Conversion"). The warrantholder will have 20 trading days to
exercise the Warrants or they will be forfeited.


The Offering is scheduled to close on or about November 12, 2013 and is subject
to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSX Venture Exchange and any
applicable securities regulatory authorities.


The net proceeds of the Offering will be used for sales and marketing, and
general corporate purposes.


These securities offered have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements.


This press release shall not constitute an offer to sell or solicitation of an
offer to buy the securities in any jurisdiction. The common shares will not be
and have not been registered under the United States Securities Act of 1933 and
may not be offered or sold in the United States absent registration or
applicable exemption from the registration requirements.


About Sphere 3D Corporation

Sphere 3D Corporation (TSX VENTURE:ANY) is a Mississauga, Ontario based
virtualization technology solution provider whose patent pending Glassware
2.0(TM) technology makes it possible for incompatible devices and applications
to run over the cloud, without sacrificing performance or security. Sphere 3D's
Glassware 2.0(TM) ultra-thin client allows third parties to deliver fully
featured products to any cloud-connected device independent of operating system
or hardware. For additional information visit www.sphere3d.com or access the
Company's public filings at www.sedar.com.


Forward-Looking Statements

This release contains forward-looking statements. Forward-looking statements,
without limitation, may contain the words believes, expects, anticipates,
estimates, intends, plans, or similar expressions. Forward-looking statements
are not guarantees of future performance. They involve risks, uncertainties and
assumptions and actual results could differ materially from those anticipated.


Forward looking statements are based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. In the
context of any forward-looking information please refer to risk factors detailed
in, as well as other information contained in the company's filings with
Canadian securities regulators (www.sedar.com).


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sphere 3D Corporation
Peter Tassiopoulos
Chief Executive Officer
(416) 749-5999
Peter.Tassiopoulos@Sphere3D.com
www.sphere3d.com

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