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.