CryptoBlox Technologies Inc. announced that it has entered into a patent license agreement with Crypto Green Tech Inc. whereby CryptoBlox has acquired a four-year royalty-free, assignable, worldwide license (the " License") to develop and distribute products based on Crypto Green's cryptomining hybrid solar and wind tree with water reservoir system (the "Renewable Energy Powered Crypto Mining Technology" or the "Technology"). Crypto Green holds the rights to a patent application submitted with the International Bureau of WIPO (the "Patent Rights") respecting the Renewable Energy Powered Crypto Mining Technology. The License is a significant step towards further expanding CryptoBlox's off-grid, alternative energy powered digital asset mining infrastructure.

Terms of the License. In consideration for the License, CryptoBlox has agreed to issue an aggregate of 40,000,000 common shares in the capital of the Company (the " Common Shares") at a deemed price of $0.05 per Common Share to the shareholders of Crypto Green, for a deemed transaction value of $2,000,000. The License was negotiated at arm's length and is not expected to result in a change of control of CryptoBlox.

A finder's fee of 2,800,000 Common Shares, representing 7% of the number of Common Shares issuable pursuant to the License, will be payable to the party that introduced Crypto Green to the Company. All Common Shares issued pursuant to the License and the finder's fee will be subject to a hold period of four (4) months and one (1) day under applicable securities laws. The closing of the License with Crypto Green is subject to the satisfaction of customary closing conditions for a transaction of this nature, the approval of the Canadian Securities Exchange, and the approval of the boards of directors of both CryptoBlox and Crypto Green.