CryptoBlox Technologies Inc. announced the signing of a non-binding letter of intent (? LOI?) with Blockchain Fintech Unipessoal LDA (?Blockchain Fintech?), for a strategic partnership where CryptoBlox will acquire the rights to a digital asset license (the ?License?) based in the European Union. CryptoBlox's License Strategy: Following completion of the transaction with Blockchain Fintech, CryptoBlox's exclusive rights to the License would allow the Company to expand its business lines to include structured digital asset products.

CryptoBlox will be laser focused on upholding the vision set out by Blockchain Fintech by prioritizing user experience while providing market-tested functionality to all accompanying products that will be rolled out. Amongst the planned structured product suite, CryptoBlox is exploring a plethora of financial digital solutions designed to help onboard both the banked and unbanked onto the blockchain economy in an efficient and user-friendly manner. CryptoBlox Blockchain Ecosystem: The rights acquisition of this License, if completed, would add to CryptoBlox's larger ecosystem strategy which paints a 3-prong approach: The first prong attests to the Company's alternate/renewable energy powered mining infrastructure which is enabled by the acquisition of alternate energy assets that allow CryptoBlox to sustainably and profitably mine digital assets like Bitcoin irrespective of market conditions.

This can be seen within the recent acquisition of Redwater Acquisition Corp. (?Redwater?), a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta, where the Company's energy costs are as low as $0.015/kwh. And with the signing of a non-binding letter of intent with Crypto Green Tech Inc. (?Crypto Green?) for a strategic partnership whereby CryptoBlox is poised to acquire the rights to Crypto Green's patent-pending modular, renewable energy-powered crypto mining infrastructure.

Overall, this infrastructure layer is the foundation upon which the Company will further develop its ecosystem. Atop the infrastructure layer, CryptoBlox will be developing a digital asset financial layer with a goal to increase adoption within the blockchain economy. This digital asset financial layer will be first enabled by the acquisition of the rights to the License, with a subsequent goal of seeking strategic partnerships with payment rails providers, financial institutions, and digital asset liquidity providers.

As CryptoBlox continues expanding its mining infrastructure and subsequent capacity, the Company intends to develop a robust structured digital asset financial product suite which allows for liquidity to self-perpetuate within the CryptoBlox ecosystem, while also providing a gateway to launch additional retail focused mining products in the future. Furthermore, integrated within the digital asset financial layer sits the blockchain-based payments layer, targeted to improve the network scalability issues within major blockchain networks. The Company aims to integrate its blockchain based payments layer within its larger ecosystem to create a circular value structure that enables scalability, increases transaction speed while lowering transaction costs within both CryptoBlox's structured digital asset products/services and its mining infrastructure/operations.

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.