CryptoBlox Signs LOI To Acquire Rights to Digital Asset License - Seite 3

“CryptoBlox’s ecosystem strategy sees a vision for circular and continued value capture across all lines of business. Our rights acquisition to the License would mark a significant step towards that vision, especially through the introduction of our structured digital asset products in the future,” commented Mr. Sood.

The closing of the transaction with Blockchain Fintech is subject to, among other matters, applicable regulatory approvals, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board of directors of both CryptoBlox and Blockchain Fintech.

On behalf of the Company,

Akshay Sood
Chief Executive Officer

About CryptoBlox Technologies Inc.
CryptoBlox Technologies Inc. is a blockchain technology company focusing on building out clean energy powered digital asset mining infrastructure enhanced with artificial intelligence, along with a diversified portfolio of fintech blockchain products and services. The company will be focused on powering digital asset mining operations through flare gas operations throughout North America - with the first acquisition being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques powered by AI, 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 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 Company entering into a binding, definitive agreement with Blockchain Fintech; the Company completing the transaction with Blockchain Fintech and acquiring the rights to the License; the Company introducing its own structured digital asset products using the License; products that the Company expects to launch pursuant to the License; and the Company's plans for its blockchain ecosystem, including the development of a digital asset financial layer, and its ability to execute on the same. 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 Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.