CryptoBlox Provides Corporate Update - Seite 2

As the Company continues to focus on its Crypto Mining Blockchain division, the Company is very pleased to announce the appointment of Akshay Sood as Chief Executive Officer effective August 4, 2023. Mr. Sood is a seasoned leader in the blockchain industry, boasting years of experience within the industry, including advising and incubating early-stage blockchain/web3 based startups. Mr. Sood has been responsible for several early-stage capital raises through his venture incubation and advisory services and has been involved in several high growth blockchain based startups. The Company intends to leverage Mr. Sood's specialty in blockchain-based economies, including blockchain-based network/product design and rollout, as he oversees the continual focus and expansion of the Company’s Crypto Mining Blockchain division while building out other verticals as part of the Company’s diversified portfolio of fintech products/services. Mr. Sood replaces Taryn Stemp, who stepped down as the Company’s interim Chief Executive Officer and Corporate Secretary effective August 4, 2023. The Company thanks Ms. Stemp for her tenure in these roles.

On behalf of the Company,

Akshay Sood,
Chief Executive Officer

About CryptoBlox Technologies Inc.

CryptoBlox Technologies Inc. is a blockchain technology company with a diversified portfolio of fintech blockchain services, blockchain battery technologies and applications, and crypto mining facilities under development. The Company’s acquisition of Redwater marks a significant milestone in its plan to meet the fast-growing demand for cost-effective cryptocurrency infrastructure in North America. By integrating its mining facilities into power generation facilities in Alberta, and using state-of-the-art operations techniques, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty that can deliver some of the cleanest and lowest-cost mining operations in the world.

For further information about the Company, please visit https://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 future plans and operations of the Company and Redwater; the Company’s implementation of Lavrium’s alrogithms and the impact of Lavrium’s work optimizing Redwater’s operations; the Company’s commitment to environmental sustainability; and Mr. Sood’s expected contributions to the Company. 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.