Focused Capital II Corp. Announces Letter of Intent with Fortress Blockchain Corp. for Proposed Qualifying Transaction - Seite 2

Pursuant to the Transaction, the outstanding stock options of Focused Capital II will remain in effect (subject to adjustment for the Consolidation) and all outstanding options and warrants of Fortress Blockchain will be exchanged for options and warrants of the resulting issuer and will be adjusted by the Exchange Ratio.

The board of directors and management of the resulting issuer after giving effect to the Transaction will be comprised of persons nominated by Fortress Blockchain, subject to acceptance by the TSX-V.

The Transaction is subject to completion of certain conditions set forth in the LOI, including, without limitation: approval by the directors of Focused Capital II and Fortress Blockchain; completion of satisfactory due diligence; execution of a definitive agreement; receipt of all necessary shareholder, regulatory (including TSX-V) and third party approvals, including with respect to the Consolidation, Name Change, Continuation and Director Approval, as applicable; and the acquisition by Fortress Blockchain of certain leasehold rights to a 5MW class "A" industrial facility purpose-built and wholly dedicated to crypto-currency mining, which is currently operating at 2MW capacity and located in the Pacific Northwest.

About Fortress Blockchain Corp.

Fortress Blockchain Corp. is a technology-oriented blockchain mining company committed to operating in low cost North American green-energy regions. Fortress Blockchain's resources are currently dedicated to achieving peak operational efficiency in industrial scale Bitcoin mining, to ultimately deliver an industry leading competitive advantage in performance. Fortress Blockchain is strategically acquiring state-of-the-art mining facilities, including a seminal Washington state facility which has been in continuous operation since 2014, which will also serve as an R&D facility going forward to optimize and build out the next generation of highly scalable blockchain mining infrastructure.

About Focused Capital II Corp.

Focused Capital II, a capital pool company within the meaning of the policies of the TSX-V, was listed on the TSX-V on December 28, 2011. Since April 9, 2014, the common shares of Focused Capital II have traded on the NEX trading board of the TSX-V. Focused Capital II does not have any operations and has no assets other than cash. Focused Capital II's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the TSX-V.