Mr. Allen Lone reports

AUGUSTA SUBSIDARY, PARAGON BLOCKCHAIN TO ACQUIRE SHARES OF CAREX BLOCKCHAIN PLATFORM INC.

Augusta Industries Inc.'s Paragon Blockchain Inc. has entered into a non-binding letter of intent dated Aug. 12, 2018, with CareX Blockchain Platform Inc., an arm's-length party to the company.

Pursuant to the LOI, Paragon will acquire an aggregate of two million shares in the capital of CareX Blockchain Platform in exchange for the issuance of an aggregate of 1.25 million common shares in the capital of Paragon at a deemed price of 20 cents per consideration share.

The acquisition of the CareX Blockchain Platform shares and the issuance of the consideration shares is subject to a number of conditions, including, but not limited to, the company completing its due diligence investigation of CareX Blockchain Platform, a share exchange agreement being entered into between CareX Blockchain Platform, Paragon and the company, and the receipt of regulatory approvals.

About Augusta Industries Inc.

Through its wholly owned subsidiaries, Marcon International Inc., Paragon Blockchain Inc. and Fox-Tek, the corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of United States government entities.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling, and process pressure and temperature.

We seek Safe Harbor.