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.