TORONTO - As a result of material price declines in digital assets and the financial challenges of some sector participants in recent weeks, Ether Capital Corporation ('Ether Capital' or the 'Company') wishes to reassure investors on the Company's financial strength. Ether Capital plans to disclose its second quarter financial statements in mid-August. As of June 30, Management is confident that it has healthy revenue and liquid assets, which are expected to be well in excess of the Company's operational spending requirements for the foreseeable future.

Currently, the Company is staking approximately 47 per cent of its Ether and has direct ownership and control over those assets. Ether Capital has engaged a third-party specialist to operate validators for its staking process while continuing to maintain custody of its Staked Ether assets using multi-signature wallets. The Company has no debt secured against those assets, nor is there any other financial or legal claim against them.

For the first six months of 2022, the gross yield on Staked Ether was approximately 4.6 per cent. The Company has yet to redeem any of its Ether Staking Rewards since inception. Any such future redemptions of Staking Rewards would generate Canadian dollars that could be used by the Company in its operations or for investment.

The Company has reassessed its previous guidance to investors about staking an additional 10,000 Ether prior to June 30, 2022 and has decided to postpone additional staking due to the likely delay of the Ethereum Merge and the recent market downturn. Management plans to stake the additional 10,000 Ether in late autumn 2022 or soon after the Ethereum Merge, subject to market conditions. Ether Capital's management team continues to monitor developments in the markets and with respect to market participants and counterparties, and believes it is well positioned financially and strategically.

About Ether Capital Corporation

Ether Capital (NEO: ETHC) is a leading public technology company with a long-term objective to become the central business and investment hub for the Ethereum ecosystem. The company has invested the majority of its balance sheet in Ethereum's native utility token 'Ether' as a core strategic asset and yield-generating instrument. The company is focused on building institutional-grade financial infrastructure that supports the Ethereum blockchain and delivers corporate value. Ether Capital's management team and Board of Directors are comprised of crypto natives, leading venture capitalists and capital markets experts, which uniquely positions the company to identify and capitalize on opportunities in the digital asset ecosystem. For more information, visit http://ethcap.co.

The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained on this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice and neither Ether Capital, nor any of its affiliates, will be held liable for inaccuracies in the information presented.

Forward-Looking Information

This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements in regard to the Company's future objectives and business operations, the Company's execution of its strategic plan in the future, the timing and implications of the Ethereum Merge, the potential for Ether Capital to earn an Ether-denominated return on the portion of its Ether holdings that it devotes to staking and its plans in respect thereof, Ether Capital's plans to disclose its second quarter financial statements in mid-August, the expectation healthy revenue and liquid assets and of the Company's revenue and liquid assets to be in excess of the Company's operational spending requirements for the foreseeable future, that future redemptions of Ether Staking Rewards would generate Canadian dollars that could be used by the Company in its operations or for investment and management's plans to stake an additional 10,000 Ether in late autumn 2022 or soon after the Ethereum Merge, subject to market conditions. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as 'plans,' 'expects' or 'does not expect,' 'is expected,' 'budget,' 'scheduled,' 'estimates,' 'forecasts,' 'intends,' 'on pace,' 'anticipates,' or 'does not anticipate,' 'believes,' and similar expressions or state that certain actions, events or results 'may,' 'could,' 'would,' 'should,' 'might,' or 'will' be taken, occur or be achieved.

Forward-looking statements are based on information available to management at the time they are made, management's current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; recent volatility in the digital assets markets; uncertainties in regard to the development and acceptance of blockchain technology (including proof of stake and Ethereum 2.0), and the Ethereum platform and anticipated timing and impact of the Ethereum network upgrade, the impact of the outbreak of the COVID-19 coronavirus on the Company, and the other risk factors discussed in the Company's Annual Information Form dated March 24, 2022, and the Risk Factors section in its Prospectus Supplement and Base Shelf Prospectus and its other filings available online at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided in order to give context to the nature of some of the Company's future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.

Contact:

Brian Mosoff

Chief Executive Officer

E: Brian@ethcap.co

Ian McPherson

President and Chief Financial Officer

E: imcpherson@ethcap.co

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