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 increased its previously announced "bought deal"
financing to 1,250,000 units (the "Units") of the Company. Cormark Securities
Inc. (the "Lead Underwriter"), on its own behalf and on behalf of a syndicate of
underwriters (the "Underwriters") have agreed to purchase an additional 250,000
Units at the same purchase price of $3.35 per Unit (the "Offering Price") for
additional gross proceeds of $837,500. Total gross proceeds of the Offering are
now $4,187,500 (the "Offering").


Each Unit will consist of one common share of Sphere3D (a "Common Share") and
one-half of one Common Share 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 warrantholder will have 20 trading
days to exercise the Warrants or they will be forfeited.


Closing of the Offering is expected to occur 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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