CryptoBlox Acquires Turnkey Kaspa Mining Operation by Acquiring Kaspa Miners and Signing Management Services Agreement

Vancouver, B.C., November 14, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce, further to its news release dated October 31, 2024, that it has completed the transaction set out in its asset purchase agreement (the “Agreement”) with 1001038815 Ontario Inc. (the “Vendor”) to purchase five (5) IceRiver KS3 Kaspa mining units (the “Miners”). Following the closing of this transaction on November 13, 2024, the Company and the Vendor have entered into a Management Services Agreement (the “MSA”) to provide for the hosting, set up, operations and ongoing maintenance, of the Miners by the Vendor.

“We are very excited to have taken this significant step towards our focus on Kaspa,” stated Akshay Sood, CEO of CryptoBlox.

“We believe this is just the beginning of building one of the largest Kaspa focused companies in the industry,” boasted Mr. Sood.

By acquiring and deploying the Miners, CryptoBlox hopes to expand its digital asset mining operations beyond Bitcoin, leveraging Kaspa’s distinctive blockDAG technology. Kaspa’s technology allows it to be a high-performance cryptocurrency that distinguishes itself with its unique consensus algorithm and focus on scalability. Designed to handle high transaction throughput, Kaspa aims to overcome some of the limitations faced by earlier cryptocurrencies like Bitcoin and Ethereum, particularly in terms of speed and scalability. This makes Kaspa an attractive option for miners. As consideration for the Agreement, the Company has issued 11,000,000 common shares of the Company to the Vendor and a finder’s fee of 550,000 common shares.

“We are very excited to begin mining Kaspa, as we see enormous potential within its technology,”commented Mr. Sood.

“In addition to mining Kaspa, the Company also plans to build out its portfolio centered around Kaspa,”concluded Mr. Sood.

On behalf of the Company,

Akshay Sood,

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. (“CryptoBlox”) is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Digital Asset Mining & Infrastructure, Mining Products & Technology, and Structured Blockchain Products & Services.

For further information about the Company, please visit www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the Company’s hope to build the largest Kaspa-focused company in the industry; the Company’s outlook on Kaspa; Kaspa’s aim to overcome some of the limitations faced by earlier cryptocurrencies like Bitcoin and Ethereum; the Company seeing enormous potential within Kaspa’s technology; and the Company’s plan to build out its portfolio centered around Kaspa. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward- looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

CryptoBlox’s Strategic Bet on Kaspa Looking Good with Recent Price Increases

Vancouver, B.C., November 11, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to comment on its recent strategic bet on Kaspa, with the Company’s pending acquisition of Kaspa miners, as further described in the Company’s news release dated October 31, 2024. The Company expects to close the acquisition this week and the timing is looking great amidst Kaspa’s rising market price.

Why Kaspa?

Kaspa’s utilizes innovative technology within the Proof-of-Work (PoW) landscape. This will allow CryptoBlox to concentrate on mining Kaspa at a much more efficient rate and theoretically more profitably than other cryptocurrencies¹. By mining and holding Kaspa, the Company hopes to not only strengthen its position within the growing Kaspa ecosystem, but also deliver superior returns to shareholders through exposure to Kaspa.

What Sets Kaspa Apart in the PoW Ecosystem?

Unlike traditional blockchain-based digital assets, Kaspa leverages a cutting-edge blockDAG architecture, a highly efficient version of PoW designed to process transactions with unparalleled speed and security. As the digital asset market evolves, the Company believes that these advantages will position Kaspa as a highly scalable and versatile asset, suited to outperform traditional PoW assets such as Bitcoin in terms of both usability and transactional speed.

Why CryptoBlox is Bullish on Kaspa

The recent surge in Kaspa’s (KAS) market price suggests that the overall market is becoming increasingly optimistic about the long-term growth potential of KAS. It is the Company’s opinion that KAS will outperform the other PoW cryptocurrencies as investors seek alternative assets that are based around sustainable mining practices and reduced operational costs.

CryptoBlox’s CEO, Akshay Sood comments:

“Kaspa presents a compelling opportunity within the PoW digital asset space, boasting technological advantages that we believe will translate to long-term value appreciation. As we expand our Kaspa mining capabilities, we are positioning CryptoBlox to become a leader within this rapidly growing ecosystem.”

Based on the following assumptions: i) CryptoBlox acquiring the most advanced Kaspa mining machines, ii) CryptoBlox securing competitive electricity prices to power its Kaspa mining operations, and iii) the Kaspa price continuing to outperform other major assets such as Bitcoin.

“Bitcoin has been setting record highs, which is great for the Company’s Redwater site, but in the most recent weeks Kaspa has outperformed Bitcoin significantly and we expect this trend to continue as cryptocurrencies continue to rally.”

Leveraging Efficient, Cost-Effective Mining Operations for Kaspa

On October 31, 2024 the Company announced the acquisition of a turn key Kaspa mining operation. Once closed, the Company believes this acquisition will optimize CryptoBlox’s operational efficiency (and therefore profitability), based on the economics of the management services agreement that will underpin the Company’s Kaspa mining operation and serves as a critical part of the deal. The Company hopes to close this acquisition this week.

On behalf of the Company, Akshay Sood,

Chief Executive Officer

About CryptoBlox Technologies Inc.

Cryptoblox Technologies Inc. is a blockchain technology infrastructure company focusing on building out its diversified blockchain ecosystem strategy that consists of digital asset mining and infrastructure, mining products and technology, and structured blockchain products and services.

For further information about the Company, please visit www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: completion of the Kaspa miners acquisition and the timing thereof; the impact of Kaspa’s PoW architecture on the Company’s efficiency and profitability; the Company’s hope to strengthen its position within the growing Kaspa ecosystem and deliver superior returns to shareholders through exposure to Kaspa; Kaspa’s advantages positioning it as a highly scalable and versatile asset, suited to outperform traditional PoW assets; optimism with respect to cryptocurrencies; Kaspa outperforming other cryptocurrencies; investors seeking alternative PoW assets that are based around sustainable mining practices and reduced operational costs; Kaspa’s advantages translating into long-term value appreciation; and the Company being positioned to become a leader in the Kaspa ecosystem. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Cryptoblox to Complete its Diversified Blockchain Strategy with Strategic Acquisition

Vancouver, B.C., November 1, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce that it has signed a binding amended and restated share purchase agreement (the “Amended Agreement”), dated October 31, 2024, to acquire 100% of Blockchain Fintech Unipessoal LDA (“Blockchain Fintech”), a Portuguese corporation that develops blockchain-based financial technologies. The Amended Agreement revises the terms of the acquisition originally announced on March 5, 2024.

“The Company is extremely pleased to secure this very strategic acquisition which, upon closing, will complete the final division of our Diversified Blockchain Ecosystem Strategy,” stated Akshay Sood, CEO of CryptoBlox.

“We have been working very hard on this deal and are absolutely thrilled to be in a position to reach an amended agreement,” continued Mr. Sood.

Under the Amended Agreement, CryptoBlox will acquire 100% of the outstanding shares of Blockchain Fintech in consideration for the issuance of 25,000,000 common shares of CryptoBlox (the “Consideration Shares”) at a deemed price of $0.20 per Consideration Share, having an aggregate deemed value of

$5,000,000. Completion of the transaction remains subject to customary closing conditions, including approval of the Canadian Securities Exchange and the satisfaction of CryptoBlox with respect to its due diligence. A finder’s fee of 1,750,000 common shares will also be payable on closing. In addition to the issuance of the Consideration Shares, the Amended Agreement provides for earn-out consideration payable to the vendors of Blockchain Fintech, whereby: (i) upon completion of development of a non- custodial cryptocurrency wallet mobile application using Blockchain Fintech’s technology (the “App”), 10,000,000 additional common shares of Cryptoblox (“Earn-Out Shares”) will be issued; (ii) upon the Company earning its first $500,000 in cumulative revenue from the App or any product developed and published, released, or otherwise distributed based on intellectual property acquired from Blockchain Fintech (a “Product”), a further 10,000,000 Earn-Out Shares will be issued; (iii) upon the Company publishing, releasing, or otherwise distributing a Product (excluding the App), a further 10,000,000 Earn- Out Shares will be issued; and (iv) upon the Company publishing, releasing, or otherwise distributing a second Product (excluding the App), a further 10,000,000 Earn-Out Shares will be issued. All Earn-Out Shares, if and when issued, will be issued at a deemed issue price of $0.20 per share.

“I would like to thank all of the hard-working stakeholders at CryptoBlox and Blockchain Fintech for their patience and determination in working towards this acquisition. I whole-heartedly believe this acquisition will complete the foundation to building one of the most exciting companies in our industry,” expressed Mr. Sood.

“We are excited to continue our journey with Blockchain Fintech and are confident that this acquisition will drive significant value for our shareholders,” concluded Mr. Sood.

On behalf of the Company, Akshay Sood

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Digital Asset Mining & Infrastructure, Mining Products & Technology, and Structured Blockchain Products & Services.

For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the Company’s plan to acquire Blockchain Fintech; the Blockchain Fintech acquisition completing the final division of the Company’s Diversified Blockchain Ecosystem Strategy; the earn-outs provided for under the Amended Agreement; the Blockchain Fintech acquisition completing the foundation to building one of the most exciting companies in the Company’s industry; and the Blockchain Fintech acquisition driving significant value for the Company’s shareholders. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

Acquisition Highlights Mining Diversification and Growth

Vancouver, B.C., October 31, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce that it has entered into an arm’s length asset purchase agreement (“Agreement”) with 1001038815 Ontario Inc. (the “Vendor”) on October 30, 2024 to purchase five (5) IceRiver KS3 Kaspa mining units (the “Miners”). Completion of the Agreement is conditional upon, among other things, approval of the Canadian Securities Exchange and the Company and the Vendor entering into a management services agreement (the “MSA”), the form of which has been settled, to provide for the set up and ongoing maintenance, hosting and operation of the Miners by the Vendor.

The MSA provides for competitive electricity rate of USD $0.04¹ per kilowatt-hour, which is expected to allow for efficient mining of Kaspa with low overhead costs. The total consideration under the Agreement for the Miners and the MSA is 11,000,000 common shares of the Company, having a deemed value of

$1,100,000². A finder’s fee of 550,000 common shares will be payable upon closing.

By acquiring and deploying the Miners, CryptoBlox hopes expand its digital asset mining operations beyond Bitcoin, leveraging Kaspa’s distinctive blockDAG technology. Kaspa’s technology enables rapid transaction confirmation and high throughput, which makes it an attractive option for miners.

The Company also announces that it has granted 5 million restricted share units (the “RSUs”) to key management and consultants, to reward such individuals’ ongoing commitment to the Company. Such RSUs will vest as follows: 25% after four (4) months, 25% after eight (8) months, 25% after twelve (12) months, and 25% after sixteen (16) months from the date of grant. The grant of 2,000,000 of the RSUs (the “Related Party Grant”) to a director and officer of the Company was considered a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“), but was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, given neither the fair market value of the securities issued nor the consideration provided therefor exceeded 25% of the Company’s market capitalization.

Akshay Sood, CEO of CryptoBlox, commented:

“We are thrilled to enter the Kaspa mining market, as this represents an important step in our commitment to diversification.”

“This is a significant achievement for the Company, given we will acquire a turn key operation, which is expected to immediately generate cash flows, while preserving cash.”

“We hope to rapidly continue to build out our diversified Blockchain Ecosystem and continue to build value for our shareholders.”

1 CAD $0.055 per kilowatt-hour

2 CAD $0.10 per common share

Acquisition Highlights Mining Diversification and Growth

On behalf of the Company,

Akshay Sood,

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. (“CryptoBlox”) is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Digital Asset Mining & Infrastructure, Mining Products & Technology, and Structured Blockchain Products & Services.

For further information about the Company, please visit www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the MSA and the performance thereof; the Agreement and the completion thereof; the outlook on Kaspa; the expectation that the Miners will be operated efficiently; expectation that the Miners will generate cash flow immediately and the Company’s commitment to diversification and building value for shareholders. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Vancouver, B.C., October 8, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce that its wholly-owned subsidiary, Redwater Acquisition Corp. (“Redwater”), has entered into a management services agreement (the “MSA”) with True North Data Solutions Ltd. (“TNDS”), dated October 7, 2024.

Management Services Agreement

Pursuant to the MSA, TNDS has agreed to provide hosting and management of the Company’s 133 S19J Pro mining machines (the “S19J Pros”). Upon completion of onboarding with TNDS, the S19J Pros will be put into operation, mining Bitcoin.

Establishing the Digital Asset Mining & Infrastructure Division

The Company views the MSA as crystalizing its Digital Asset Mining & Infrastructure Division. This division is the foundation for the Company’s overarching Diversified Blockchain Ecosystem, which is also composed of the Mining Products & Technology and Structured Blockchain Products & Services Divisions.

CryptoBlox CEO, Akshay Sood, commented:

“As we go into what we hope to be a digital asset bull run, we are very excited to start operating and finally bring Redwater online.”

“We will remain focused on expanding our Digital Asset Mining & Infrastructure Division by way of acquisitions of both mining machines and sites.”

“The Company is also exploring alternative digital assets beyond Bitcoin to mine in order to diversify revenue streams going into 2025 and beyond.”

Corporate Updates

In December of 2023, the Company acquired a four-year license to develop and distribute products based on Crypto Green Tech Inc.’s (“Crypto Green”) modular renewable energy powered mining infrastructure patent application. Since such date, the Company has been working with Crypto Green’s R&D division to develop initial prototypes based on Crypto Green’s technology.

The Company also continues to pursue its proposed acquisition (the “Blockchain Fintech Acquisition”) of Blockchain Fintech Unipessoal LDA (“Blockchain Fintech”), which the Company announced on March 5, 2024. Completion of the Blockchain Fintech Acquisition remains subject to approval by the Canadian Securities Exchange and, accordingly, the terms of the acquisition may change before closing. However, the Company’s strategic plans for Blockchain Fintech remain the same, in that the technology from the acquisition is intended to fast-track CryptoBlox’s launch of non-custodial products and services which will include a web3-enabled digital asset wallet and a digital asset payment card. The Company hopes the

Blockchain Fintech Acquisition will allow the Company to establish the Structured Blockchain Products & Services Division and thus complete its Diversified Blockchain Ecosystem.

The Company also announces that the outside date of September 30, 2024, under its Redwater second addendum agreement, dated June 28, 2024, respecting the Company’s proposed acquisition of a 100 MV7L 95-105TH/s 31J/TH miners, an air-cooled 1MW power generation facility, a 1.25 MW natural gas power plant and a fuel gas supply agreement, has passed. Notwithstanding, the Company continues to work with the original vendors of Redwater to find a potential path forward involving these assets and will provide an update on these activities when appropriate.

On behalf of the Company, Akshay Sood,

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Digital Asset Mining & Infrastructure, Mining Products & Technology, and Structured Digital Asset Products & Blockchain Payments. The Company’s infrastructure will be based on the value chain that stems from off-grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the Sustainable Mining Products & Technology and Structured Blockchain Products and Services divisions. The Company will be focused on providing alternate energy solutions to power digital asset mining operations throughout North America – with the first site being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

For further information about the Company, please visit www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the MSA and the performance thereof; the timing of the Company’s onboarding with TNDS and when the S19J Pros will come online for the Company’s benefit; the Company’s plans for the its Redwater business; the development of the initial prototypes based on Crypto Green’s Technologies; a potential digital asset bull run; the Company’s focus on acquisitions of mining machines and sites; the Company’s exploration of alternative digital assets in the hope of diversifying revenues; the Company’s bets on “proof of work” digital assets; Blockchain Fintech Acquisition and Canadian Securities Exchange approval thereof and the implications of the acquisition for the Company; the implications of the outside date passing under the Company’s Redwater second addendum and the Company’s continued pursuit of the assets referenced therein. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Vancouver, B.C., July 2, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to provide, further to its news release dated May 31, 2024 (the “May News Release”), an update on the business of its wholly owned subsidiary, Redwater Acquisition Corp. (“Redwater”).

As announced in the May News Release, on May 15, 2024 (the “Addendum Date”), the parties to the original agreement pursuant to which the Company acquired Redwater (the “Acquisition Agreement”) executed an addendum agreement (the “Addendum”) that revised the process by which the post-closing milestones (the “Milestones”) provided for under the Acquisition Agreement, which included the Company’s acquisition of 100 MV7L 95-105^TH/s 31J/TH miners (the “True North Miners”), an air-cooled 1MW power generation facility (the “True North Data Centre”), a 1.25 MW natural gas power plant (the “Power Plant”), a fuel gas supply agreement (the “Gas Supply Agreement”) and, together with the Power Plant, the “Comgen Assets”) and a surface access agreement, were to be completed. The Addendum provided an outside date for completion of the Milestones of June 30, 2024.

On June 28, 2024 (the “Second Addendum Date”), the Company further revised the Acquisition Agreement pursuant to a second addendum (the “Second Addendum”) that extended the outside date by which the Milestones must complete to September 30, 2024.

After it acquires the True North Miners and the True North Data Centre, the Company intends to put into operation the 233 miners owned by Redwater. After the Company acquires the Comgen Assets, it plans to further optimize Redwater’s operations by powering them with energy produced at the Power Plant, which will be fueled by flared gas supplied pursuant to the Gas Supply Agreement. The Company hopes all Milestones will be achieved in Q3 2024 or sooner and will provide an update to shareholders as and when each Milestone is satisfied.

On behalf of the Company, Akshay Sood,

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Digital Asset Mining & Infrastructure, Mining Products & Technology, and Structured Digital Asset Products & Blockchain Payments. The Company’s infrastructure will be based on the value chain that stems from off-grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the Sustainable Mining Products & Technology and Structured Blockchain Products and Services divisions. The Company will be focused on providing alternate energy solutions to power digital asset mining operations throughout North America – with the first site being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

For further information about the Company, please visit www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the Second Addendum; the Milestones; and the Company’s plans for the its Redwater business; the Company’s intention to maintain leadership and drive innovation forward within flare-gas enabled digital asset mining operations; expansion of the Company’s Digital Asset Infrastructure & Mining; and off-grid energy building of foundation for the Company’s Diversified Blockchain Ecosystem Strategy.

Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Vancouver, B.C., May 31, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to provide a comprehensive corporate update across all the business lines that collectively comprise its Diversified Blockchain Ecosystem Business, which is broken down into three divisions: Mining Products & Technology; Digital Asset Mining & Infrastructure; and Structured Blockchain Products & Services. In this comprehensive update, the Company is aiming to provide updates in respect of each division.

Mining Products & Technology

In December of 2023, the Company acquired a four-year license to develop and distribute products based on Crypto Green Tech Inc.’s (“Crypto Green”) modular renewable energy powered mining infrastructure patent application. Since such date, the Company has been working with Crypto Green’s R&D division to develop initial prototypes based on Crypto Green’s technology and hopes to have a working prototype by Q3.

Digital Asset Mining & Infrastructure

Pursuant to the agreement pursuant to which the Company acquired Redwater (the “Acquisition Agreement”), the Company was obligated to issue to the original vendors of Redwater (the “Vendors”) up to two additional tranches of shares (together, the “Milestone Shares”) as follows: (i) an aggregate of 5,085,960 Milestone Shares upon the vendors paying to the Company an aggregate of $595,875 and US$72,975 (together, the “First Milestone Cash Payments”); and (ii) a further 5,085,960 Milestone Shares upon the vendors paying to the Company a further $595,875 and US$72,975 (together, the “Second Milestone Cash Payments” and, together with the First Milestone Cash Payments, the “Milestone Cash Payments”).

The Company intended to use the Milestone Cash Payments to fund:

1. Redwater’s payment to True North of US$145,950, pursuant to Redwater’s option asset agreement with True North dated June 1, 2023 (the “Miners Agreement”), entitling Redwater to acquire an additional 100 MV7L 95-105TH/s 31J/TH miners from True North (the “True North Miners”);
2. Redwater’s payment to True North of $367,500, pursuant to Redwater’s option asset purchase agreement with True North dated June 1, 2023 (the “Data Centre Agreement”), entitling Redwater to access to an air-cooled 1 MW power generation facility (the “True North Data Centre”); and
3. Redwater’s payment to Comgen Power Solutions Ltd. (“Comgen”) of $824,240, pursuant to Redwater’s option asset purchase agreement with Comgen dated June 1, 2023, entitling Redwater to acquire from Comgen, among other things, a 1.25 MW natural gas power plant (the “Power Plant”), a fuel gas supply agreement (the “Gas Supply Agreement”) with Longshore Resources Ltd. (“Longshore”), a surface access agreement (the “Surface Access Agreement”) with Longshore and a power purchase agreement with True North (collectively, the “Comgen Assets”), the net result of which would be that Redwater’s miners would have access to power at $0.015 per kWh.

On May 15, 2024 (the “Addendum Date”), all original parties to the Acquisition Agreement executed an addendum agreement (the “Addendum”) that revised the process by which the original Milestone Cash Payments will be made. Pursuant to the Addendum, the Vendors have agreed to transfer an aggregate of

$828,865 (the “Revised First Cash Payment”) into an escrow account maintained with Endeavor Trust Company (“Endeavor”), acting as escrow agent, within thirty (30) calendar days of the Addendum Date. Upon Redwater receiving the consent of Longshore to certain assignments of the Comgen Assets to Redwater, the Revised First Cash Payment will be released to the Company (the “First Release”) to be used to acquire the Comgen Assets from Comgen. Upon completion of the same, the Vendors will be issued an aggregate of 6,024,427 common shares of the Company (the “Revised First Milestone Shares”).

Within thirty (30) business days of the First Release, the Vendors will transfer an additional aggregate of $585,000 and US$145,950 (together, the “Revised Second Cash Payment”) into an escrow account maintained with Endeavor, acting as escrow agent. Upon Redwater receiving, among other things, evidence of certain amendments to the Miners Agreement and the Data Centre Agreement, the Revised Second Cash Payment will be released to the Company to be used to acquire the True North Miners and the True North Data Centre. Upon completion of the same, the Company will issue the remaining Milestone Shares to the Vendors, being an aggregate of 4,147,492 Milestone Shares (the “Revised Second Milestone Shares”).

The Revised First Milestone Shares and Revised Second Milestone Shares will be subject to a hold period (the “Share Restriction”) expiring 10 calendar days after the later of (i) the date on which the Company files a business acquisition report under National Instrument 51-102 respecting its acquisition of Redwater, (ii) the date on which the Company files its consolidated annual financial statements for the year ended January 31, 2024 and (iii) the date on which the Revised Second Milestone Shares are issued. The Share Restriction was imposed by the Canadian Securities Exchange after the Addendum Date and was agreed to by the Vendors on May 31, 2024.

After acquiring the Comgen Assets, the True North Miners and the True North Data Centre, the Company plans to put its miners, which will number 233 at such point, into operation and to power such operations from energy produced at the Power Plant, which will be fueled by flared gas supplied pursuant to the Gas Supply Agreement. The Company expects these milestones to be achieved and for Redwater’s facility to come on line in Q3 2024 or sooner and will provide an update to shareholders when each of the Revised First Cash Payment and the Revised Second Cash Payment is made by the Vendors.

As announced when the Company acquired Redwater in June 2023, Redwater currently owns 133 Bitmain S19J Pro ASIC miners (the “S19J Pros”), which are located in an air-cooled data center located in Sturgeon County, Alberta, Canada. At the present, the S19J Pros are being operated by True North on “care and maintenance” and, as soon as Redwater commences operations, it will take over the operation of the S19J Pros itself and for its own benefit.

“Execution of the Addendum signals that all parties to the Redwater acquisition documents remain motivated to continue maintaining leadership and driving innovation forward within flare-gas enabled digital asset mining operations,” states CryptoBlox CEO, Akshay Sood.

“We are committed to continue expanding our Digital Asset Infrastructure & Mining division, which houses our flare gas, alternate energy powered digital asset mining operations, especially as it builds the foundation for our Diversified Blockchain Ecosystem Strategy. Off-grid energy is a major component of this strategy, as it drives two of our three business divisions: Digital Asset Infrastructure & Mining and Mining, Products & Technology,” adds Mr. Sood.

Structured Blockchain Products & Services

The Structured Blockchain Products & Services division will focus on growth of the Blockchain Fintech Unipessoal LDA (“Blockchain Fintech”), which the Company agreed to acquire (the “Blockchain Fintech Acquisition”) by way of share purchase agreement, announced on March 5, 2024. Completion of the Blockchain Fintech Acquisition remains subject to approval by the Canadian Securities Exchange and, accordingly, the terms of the acquisition may change before closing. However, the Company’s strategic plans for Blockchain Fintech remain the same, in that the technology from the acquisition is intended to fast-track CryptoBlox’s launch of non-custodial products and services which will include a web3-enabled digital asset wallet and a digital asset payment card. The Company hopes the Blockchain Fintech Acquisition will allow the Company to complete its Diversified Blockchain Ecosystem.

On behalf of the Company, Akshay Sood,

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Digital Asset Mining & Infrastructure, Mining Products & Technology, and Structured Digital Asset Products & Blockchain Payments. The Company’s Infrastructure will be based on the value chain that stems from off-grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the Sustainable Mining Products & Technology and Structured Blockchain Products and Services divisions. The Company will be focused on providing alternate energy solutions to power digital asset mining operations throughout North America – with the first site being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

For further information about the Company, please visit www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the Company’s strategic direction; development of a prototype from Crypto Green’s technology; the Addendum and the Vendors’ performance thereof; the Company’s ability to launch operations at Redwater; Redwater’s acquisition of the Comgen Assets, True North Miners and True North Data Centre; the Company’s intention to maintain leadership and drive innovation forward within flare-gas enabled digital asset mining operations; expansion of the Company’s Digital Asset Infrastructure & Mining; and off-grid energy building of foundation for the Company’s Diversified Blockchain Ecosystem Strategy.

Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this

press release.

Strong share price allows the Company to secure a strategic and accretive acquisition to fuel growth and complete its Diversified Blockchain Ecosystem

Vancouver, B.C., March 5, 2024 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce that it has entered into a share purchase agreement, dated effective March 4, 2024 (the “Agreement”), to acquire (the “Acquisition”) Blockchain Fintech Unipessoal LDA (“Blockchain Fintech”), a Portuguese corporation that develops blockchain-based financial technologies that help onboard “average users” to the blockchain economy. Pursuant to the Agreement, the Company will acquire 100% of the outstanding shares of Blockchain Fintech for 20,000,000 common shares of the Company, having a deemed value of $11,000,000.

Closing of the Acquisition is subject to customary closing conditions for a transaction of this nature, including Canadian Securities Exchange approval and the Company’s satisfaction with the results of its due diligence. The Acquisition was negotiated at arm’s length and will not result in a change of control or the creation of a control person of CryptoBlox. A finder’s fee of 1,600,000 Common Shares will be payable on closing.

Taking Advantage of Surging Share Price

On September 28, 2023, the Company announced the execution of a letter of intent with Blockchain Fintech, which contemplated a strategic partnership in which CryptoBlox would acquire the rights to Blockchain Fintech’s digital asset license then under development (the “License”). As the Company worked through due diligence, its shares underwent a 700% increase in value, which has enabled the Company, through share-based consideration, to acquire the entire Blockchain Fintech business instead of only the rights to the License. Building on the precedent set by the Acquisition, the Company hopes to be able to realize on other accretive acquisitions going forward, by taking advantage of its strong share price.

CryptoBlox’s Blockchain Ecosystem

The Company’s Blockchain Ecosystem Strategy, outlined in detail in the Company’s news release dated January 3, 2024, is comprised of three major divisions. The Company hopes that the Acquisition will complete the final piece to this vision, by strengthening and accelerating the development of the Company’s Structured Digital Asset Products & Blockchain Payments division. Through Blockchain Fintech, the Company intends to build and launch structured digital asset products and blockchain payments services within Portugal and eventually other jurisdictions.

“The Acquisition will enable us to accelerate and better execute our Blockchain Ecosystem strategy” commented Akshay Sood, Chief Executive Officer of CryptoBlox.

“By integrating Blockchain Fintech’s technology within our Blockchain Ecosystem, we hope to soon be positioned to launch our suite of non-custodial digital asset products,” added Mr. Sood.

Strategy Overview

The Company and Blockchain Fintech are aligned with respect to their focus on user-centric design, simplicity and market-tested functionality. The Company hopes that this focus will encourage all user types to onboard onto its products, irrespective of such user’s prior blockchain know-how. In a similar manner, the Company is exploring a number of solutions designed to help onboard both the banked and unbanked onto the blockchain economy in an efficient and user-friendly manner.

Recognizing that there is significant value in capturing the end-to-end value in blockchain transactions, the Company hopes to innovate not only within the realm of user-driven products, but also within the associated payment networks. This could involve product, application and interface layers, along with the blockchain networks used to implement transactions, being integrated within a singular focal point, which the Company hopes to one day be able to provide through its core product suite.

About Blockchain Fintech Solutions

Blockchain Fintech, is a company specializing in developing blockchain based technologies that help bridge the blockchain adoption gap. With a mission to streamline the transition onto the blockchain economy, Blockchain Fintech pioneers user-friendly payment solutions that redefine the way individuals and businesses currently transact – both locally and internationally. Through their innovative blockchain based payment solutions, Blockchain Fintech is not only revolutionizing traditional payment systems but also catalyzing a broader shift towards both digital and decentralized financial ecosystems. In doing so, they are firmly committed to the principles of accessibility and ease of use, which extends beyond mere functionality, as they prioritize user experience to ensure that individuals of all backgrounds can navigate Blockchain Fintech products confidently and efficiently, while not being expected to understand the complexities of the technologies underlying such products.

Blockchain Fintech is an early-stage pre-revenue company and, accordingly, has not yet prepared financial statements. Notwithstanding, through due diligence, the Company has confirmed that Blockchain Fintech has incurred in excess of $1 million in technology development costs to date.

“Establishing our Structured Digital Asset Products & Blockchain Payments division has been a core part of our Blockchain Ecosystem, especially as the industry is coming up from a whirlwind of bankruptcies related to custodial digital asset platforms over the past two years. The market share of these platforms and products, which at a fundamental level give people back control and ownership, is set to continue increasing over the next five years and we want to be at the forefront of that change and adoption.” concluded Mr. Sood.

On behalf of the Company, Akshay Sood

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Infrastructure & Sustainable Digital Asset Mining, Sustainable Mining Products & Technology, and Structured Digital Asset Products & Blockchain Payments. The Company’s Infrastructure will be based on the value chain that stems from off- grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the Sustainable Mining Products & Technology and Structured Digital Asset Products & Blockchain Payments divisions. The Company will be focused on providing alternate energy solutions to power digital asset mining operations throughout North America – with the first site being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the Acquisition and the conditions precedent to completion of the same; the Company’s plan to introduce its own structured digital asset products using the License; products that the Company hopes to launch pursuant to the License and through Blockchain Fintech; and the Company’s plans for its blockchain ecosystem, including the development of a Structured Digital Asset Products & Blockchain Payments division, and its ability to execute on the same. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

Vancouver, B.C., January 3, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) wishes everyone a Happy New Year and is pleased to provide a corporate update summarizing the progress and developments in 2023, which focused on CryptoBlox building its diversified Blockchain Ecosystem Strategy (the “Blockchain Ecosystem Strategy”). This started with the acquisition of Redwater Acquisition Corp. (“Redwater”), a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta. The Company then acquired a royalty-free worldwide technology license from Crypto Green Tech Inc. (“Crypto Green”) to develop and distribute products based on Crypto Green’s crypto-mining hybrid solar and wind technology. Finally, the Company signed an LOI to acquire the rights to a digital asset license with BFT – Blockchain Fintech Unipessoal LDA (“Blockchain Fintech”) and hopes to close a definitive agreement with Blockchain Fintech this month, which will in turn serve as the final foundational piece to the Company’s Blockchain Ecosystem Strategy.

CryptoBlox’s Diversified Blockchain Ecosystem Strategy

Layer 1: Infrastructure & Sustainable Digital Asset Mining

With the acquisition of Redwater, CryptoBlox began rolling out its off-grid mining strategy, which is centered around using alternate energy (such as flare gas, in Redwater’s case) to power digital asset mining operations. The Company expects that Electricity generated through alternate energy assets will enable it to eliminate the middlemen within power generation and its subsequent distribution, thereby resulting in significantly lower power pricing, as compared to both commercial and retail market rates. This is evident within the Redwater site, where electricity prices are as low as $0.015/kwh. As the next Bitcoin halving (the “Halving”) approaches, the Company hopes that being in control of cheap power will allow it to sustainably and profitably mine digital assets like Bitcoin irrespective of market conditions and the reduced rewards from mining that are likely to ensue after the Halving. Using flare/stranded gas as an alternate energy source also aligns with CryptoBlox’s vision of reducing greenhouse gas emissions from digital asset mining.

Layer 2: Sustainable Mining Products & Technology

In a bid to expand its focus on off-grid, alternate energy-powered digital asset mining capabilities, and build out its sustainable mining products and technology business, in November 2023, CryptoBlox acquired a four-year license of Crypto Green’s crypto-mining hybrid solar and wind technology (the “Technology”). The Technology enables power generation through renewable sources, which then can be monetized by digital asset mining. The Company hopes that this acquisition will allow it to extend its off- grid mining infrastructure to retail users by enabling users to take advantage of digital asset mining powered by electricity generated through off-grid renewable energy sources. The strategic nature of this acquisition allows CryptoBlox to further align with its goal of reducing greenhouse gas emissions from digital asset mining. It will also allow the Company to develop and manufacture unique renewable mining products and market them under their own brand, which will play a key role in differentiating the Company from its competitors.

Layer 3: Structured Digital Asset Products & Blockchain Payments

In September 2023, the Company signed an LOI with Blockchain Fintech, setting the groundwork for a strategic partnership through which CryptoBlox will acquire the rights to a digital asset license (the “Digital Asset License”). The Company is expecting to close a definitive agreement respecting the Digital Asset License with Blockchain Fintech this month. The Company believes access to the Digital Asset License will further enable it to develop structured digital asset products enhanced by blockchain-based payments solutions. The Structured Digital Asset Products & Blockchain Payments layer will be developed with a goal to help onboard new incumbents onto the blockchain economy, through easy-to-use non-custodial products and services, allowing users to connect everyday purchases with blockchain-based decentralized finance, while maintaining 100% control over their funds. The Company also plans for its structured digital asset products to be further enabled by strategic partnerships with payment rails providers, financial institutions, and digital asset liquidity providers. In the medium term, the Company intends to develop a robust structured digital asset financial product suite that allows for liquidity (from all self-mining operations) to perpetuate within the CryptoBlox ecosystem while, in the long-term, providing a gateway to launch additional retail focused mining products.

To enhance CryptoBlox’s Structured Digital Asset Product suite, the Company also plans to develop its own blockchain-based payments suite, which will look to solve network scalability issues within major blockchain networks while lowering transaction costs and increasing transaction speeds and subsequent throughput. The Company seeks to establish a circular and sustained value capture system by integrating CryptoBlox’s Blockchain Payments layer with the Structured Digital Asset Product suite. This integration further extends to both the Sustainable Mining Products & Technology layer and the Company’s Infrastructure & Sustainable Digital Asset Mining layer. By integrating all 3 layers together, CryptoBlox aims to enhance operational efficiency and create synergies across various aspects of the company’s offerings.

Other Corporate Updates

Over the Summer of 2023, the company welcomed Akshay Sood as its new Chief Executive Officer. Mr. Sood’s invaluable experience and expertise in blockchain-based economies, focusing on network/product design and rollout, gained from advising and incubating early-stage blockchain/web3-based startups, including having spearheaded multiple early-stage capital raises, has already been leveraged to establish CryptoBlox’s Blockchain Ecosystem Strategy.

Prior to Mr. Sood’s appointment as CEO, he and Rahim Teja were appointed to the Company’s board of directors. Mr. Teja brings over 20 years of experience in strategic business-to-business (“B2B”) and business-to-consumer (“B2C”) sales, along with core specialization in technology software-as-a-service (“SaaS”) sales, while also having a breadth of experience within the telecom, travel, and recruitment industries. The Company aims to continue to use Mr. Teja’s expertise and significant experience in both the B2B and B2C sectors to further the CryptoBlox’s Blockchain Ecosystem Strategy execution and growth.

Finally, in a strategic move to remain focused on the Company’s new vision and strategy, CryptoBlox has sold all non-blockchain/crypto related assets. In doing so, the Company has sold its remaining interest in Ionix Pro Battery Technologies Inc.

The Company’s CEO Mr. Sood, wishes to share this final message to all CryptoBlox’s shareholders and stakeholders to wrap up 2023 and kick off 2024:

“2023 has been a pivotal year of restructuring and foundational work. We at CryptoBlox are proud to highlight the establishment of our Diversified Blockchain Ecosystem Strategy which consists of the three integral layers that will be guiding our Company going forward.

With these three foundational layers, being 1) Infrastructure and Sustainable Digital Asset Mining, 2) Sustainable Mining Products & Technology, and 3) Structured Digital Asset Products & Blockchain Payments, our strategic reorganization positions us for success as we concentrate on executing on this strategy in 2024. In the immediate short term, we are on track to finalize a definitive agreement with Blockchain Fintech and then, moving forward, our commitment is unwavering—to continue building shareholder value through organic growth in each of the divisions as well as through continued strategic acquisitions. Wishing everyone a joyous New Year and the very best for 2024!”.

On behalf of the Company, Akshay Sood,

Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology infrastructure company focusing on building out its diversified Blockchain Ecosystem Strategy that consists of Infrastructure & Sustainable Digital Asset Mining, Sustainable Mining Products & Technology, and Structured Digital Asset Products & Blockchain Payments. The Company’s Infrastructure will be based on the value chain that stems from off- grid/alternate energy powered digital asset mining, along with a diversified portfolio of sustainable mining and blockchain fintech products and services enabled by both the Sustainable Mining Products & Technology and Structured Digital Asset Products & Blockchain Payments layers. The Company will be focused on providing alternate energy solutions to power digital asset mining operations throughout North America – with the first site being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

For further information about the Company, please visit www.cryptoblox.ca or call 236-259-0279.

Forward-Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the Company’s strategic direction; the Blockchain Ecosystem Strategy, its three constituent layers and the impact of each such layer and the interplay between them; the transaction with Blockchain Fintech and the impact of same in the market and on the Company’s business; the Company’s plans with respect to future product development and service offerings; the impact of being in control of cheap power following the Halving; the Company’s goal of reducing greenhouse gas emissions; the Technology and its impact in the market; the Redwater transaction, its impact in the market and the expected benefits to the Company of the acquisition; the Company’s sale of its interest in Ionix Pro Battery Technologies Inc.; the Company’s development of a digital asset financial product suite; future digital asset adoption; the Halving; energy efficiencies associated with the Technology; the expected contributions of Messrs. Sood and Teja to the Company; the Company’s strategic reorganization; the Company’s goal of building shareholder value.

Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise.

The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

Vancouver, B.C., December 12, 2023 – CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce further to its news release dated November 20, 2023 (the “Prior Release”) that it has closed on the patent license agreement (the “Agreement”) with Crypto Green Tech Inc. (“Crypto Green”), an Ontario corporation, whereby CryptoBlox has acquired a four-year royalty-free, assignable, worldwide license (the “License”) to develop and distribute products based on Crypto Green’s crypto-mining hybrid solar and wind tree with water reservoir system (the “Renewable Energy Powered Crypto Mining Technology” or the “Technology”).  

As mentioned in the Prior Release, Crypto Green holds the rights to a patent application submitted with the International Bureau of WIPO (the “Patent Rights”) respecting the Renewable Energy Powered Crypto Mining Technology. The License marks is a significant step towards further expanding CryptoBlox’s off-grid, alternative energy powered digital asset mining infrastructure.   

Both CryptoBlox and Crypto Green share a common dedication to environmental responsibility and technological innovation, paving the way for a greener future, one that is powered by sustainable, off-grid energy and further monetized by the blockchain economy through the mining of various cryptocurrencies – profitably. Harnessing the groundbreaking technology developed by Crypto Green, CryptoBlox is poised to significantly diversify and scale its off-grid energy asset infrastructure.  

“This strategic collaboration not only positions CryptoBlox as a key player in sustainable crypto-mining infrastructure solutions but also opens doors for potential entry into the retail market as the Company intends to further optimize the Technology’s profitability through the implementation of alternative crypto mining algorithms”, says CryptoBlox CEO, Akshay Sood. 

The recent uptick in the crypto market has primed the landscape surrounding the next phase of digital asset adoption with the looming Bitcoin ETF approval and the subsequent quadrennial Bitcoin Halving event being leading catalysts for this market price action. Following the approval of a Bitcoin ETF a new wave of liquidity will likely enter the market which will in turn vastly increase market volatility. At that point, CryptoBlox aims to be in control of significant inexpensive energy infrastructure such that all any/all digital asset mining operations have a much higher likelihood of remaining profitable.  

The closing of the License agreement, marks a significant milestone for CryptoBlox as it continues investing in energy-efficient solutions and environmentally friendly mining infrastructure, aligning with its vision of promoting a future where blockchain ecosystems are greener and more sustainable. 

Terms of the License 

In consideration for the License, CryptoBlox has agreed to issue an aggregate of 40,000,000 common shares in the capital of the Company (the “Common Shares”) at a deemed price of $0.05 per Common Share to the shareholders of Crypto Green, for a deemed transaction value of $2,000,000. The License was negotiated at arm’s length and is not expected to result in a change of control of CryptoBlox. A finder’s fee of 2,800,000 Common Shares, representing 7% of the number of Common Shares issuable pursuant to the License, will be payable to the party that introduced Crypto Green to the Company. All Common Shares issued pursuant to the License and the finder’s fee will be subject to a hold period of four (4) months and one (1) day under applicable securities laws.  

On behalf of the Company, 

Akshay Sood
Chief Executive Officer 

About CryptoBlox Technologies Inc. 

CryptoBlox Technologies Inc. is a blockchain technology company focusing on building out alternate energy powered digital asset mining infrastructure enhanced with artificial intelligence, along with a diversified portfolio of fintech blockchain products and services. The company will be focused on powering digital asset mining operations through flare gas operations throughout North America – with the first acquisition being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques powered by AI, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world. 

For further information about the Company, please visit https://www.cryptoblox.ca or call 236-259-0279. 

Forward-Looking Statements 

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans, and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward- looking statements in this news release include, but are not limited to, statements respecting: the terms of the License, the closing of the License; the Company’s development and distribution of Renewable Energy Powered Crypto Mining Technology; the expected benefits to the Company resulting from the Patent Rights; the eventual granting of the patent to the Renewable Energy Powered Crypto Mining Technology; the ability of the Company to bring the Renewable Energy Powered Crypto Mining Technology to market; the Company’s plans to expand its alternate energy powered off-grid digital asset mining operations; the uses and benefits of Crypto Green’s technology; the Company’s entry into the retail market; the further optimization of the Renewable Energy Powered Crypto Mining Technology using alternative algorithms; future digital asset adoption; the speculated launch of the Bitcoin Spot ETFs; and energy efficiencies associated with the Renewable Energy Powered Crypto Mining Technology and flared gas power. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements, or otherwise. 

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.