Skychain Technologies' : Debt Settlement Transaction

Vancouver - Skychain Technologies Inc. (TSXV-SCT) (OTCQB-SKTCF) (the 'Company') is pleased to announce that the Exchange has approved a debt settlement with Houston BC Mining Power Corp. previously announced on June 7, 2021.

Pursuant to the settlement, the Company issued 243,590 common shares (the 'Settlement Shares') at a deemed price of $0.78 per share to settle $190,000 of debt owing to Houston BC Mining Power Corp. The Settlement Shares are subject to a hold period of four months and one day.

About Skychain Technologies INC

Skychain Technologies is a Vancouver based company providing Blockchain Infrastructure services and power solutions. Our vision is to become a leading player in the crypto/data mining hosting by growing to 100Mw of crypto hosting capacity.

Contact:

Bill Zhang

Tel: [phone]

Email: [e-mail]

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