Bitcoin Well Announces Enhanced Investor Relations Program, Including Appointment of Investor Relations Director - Seite 2

Expanding our Market Reach with the Engagement of Hybrid, North Equities and Talk Shop

Bitcoin Well has retained Hybrid Financial Ltd. The service provided by Hybrid to the Company is a database of Registered Financial Professionals in North America. Hybrid is not promoting the specific purchase or sale of securities. It provides its database, technology, and call centre services to enable the issuer to disseminate its information to Financial Professionals only. Hybrid connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.

Hybrid provides its services directly to Bitcoin Well. Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange (the “TSXV”) in providing the Services.

Hybrid has been engaged by Bitcoin Well for an initial period of 12 months (the “Initial Term”) ending on November 15, 2022 (the “Agreement”) which shall be renewed automatically for successive six month periods thereafter, unless terminated by the Company. Hybrid will be paid a monthly fee of $22,500, plus applicable taxes, during the Initial Term. Hybrid has no interest, directly or indirectly in the Company or its securities, and acts at arm’s length to the Company. The appointment of Hybrid remains subject to regulatory acceptance of applicable filings with the TSX Venture Exchange (“TSXV”).

Bitcoin Well has also entered into a consulting and investor engagement agreement with North Equities (the “North Equities Agreement”) pursuant to which North Equities will work with Bitcoin Well to support our ongoing social media and investor engagement strategies, bringing together strong market awareness of Bitcoin Well among our target audiences, including customers, investors, regulators, other stakeholders and the general public. Under the terms of the North Equities Agreement, Bitcoin Well will pay North Equities $200,000 CAD + GST to be paid as follows: (i) half at commencement of the contract, provided that such initial payment shall only be due upon confirmation of approval of the appointment of North Equities from the TSXV and half of the payment due after a period of six months. In addition, Bitcoin Well agreed to grant North Equities 550,000 options to purchase the Company’s common shares (the “Options”). The Options will be exercisable at a price of $0.255 per common share for a period of five years, are subject to the Company’s stock option plan and will vest in accordance with the provisions therein and the policies of the TSXV. Prior to entering into the North Equities Agreement, North Equities had no interest, directly or indirectly, in the Company or its securities and acted at arm’s length to the Company. The appointment of North Equities as an investor relations consultant of the Company, and the granting of the Options, remain subject to regulatory acceptance of applicable filings with the TSXV.