Britannia Mining Provides Update on Name Change and Reverse Split - Seite 2

Management carefully considered the decision to effect the Reverse Split with these unusual features and is pleased with the multifaceted approach. It is believed that restructuring the capitalization table in this fashion could do well to protect existing shareholders and offer opportunity to a new and broader range of investors while attracting interest from new potential business partners.

This is especially important as market indicators for the crypto mining space suggests that the Britannia-Bullet Merger, as lead by Mr. Imran Ellis (Founding Director of Bullet and the Company's new President and CEO), could potentially perform well. When you take into consideration that Bullet's infrastructure partners have now given the Britannia-Bullet Merger a pathway to, and through, the Company's most recently secured buildout capacity of 200 megawatts - up from Bullet's initial 100 megawatts - there is room and an opportunity for growth for the Company.

Management is hopeful that as it continues to work with the appropriate regulatory agencies, the Company will be able to effectuate the Reverse Split and the Company's common stock will also reflect the new name (Bullet Blockchain) on the OTC Markets' website.

About Bullet Blockchain

Bullet Blockchain, LTD. is a blockchain technology company based in the Republic of Ireland, that secures the bitcoin blockchain ledger. Bullet has secured partnerships that affords the Company access to highly coveted hardware, land, buildings, gas, generators, racks, security, etc. Bullet has secured 200 megawatts of electricity and infrastructure capacity for 6,000 petahash and has deployed an initial hardware fleet of 3,500 next generation ASIC miners-focused on bitcoin mining - with an initial hash rate capacity of 315 petahash and 12 megawatts of electricity.

Bullet is confident that it can manage its bitcoin mining operations at a far lesser cost per kilowatt than industry competitors, therefore producing bitcoin at a lower cost with greater profit. Bullet is focused on efficiency, stability, transparency, and scalability, and plans to swiftly scale operations to 60,000 miners within the next 12 months.

About Britannia Mining

At present, Britannia Mining is identified as a natural resources development company focused on acquiring high quality mineral, mining, and other commodity-based projects. The Company has been exploring opportunities to transition its business towards the digital technology space.

For investor and general information, please email [e-mail].

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking.

Contact: [e-mail]

SOURCE: Britannia Mining, Inc.

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