Mr. Praveen Varshney reports

CRYPTANITE ANNOUNCES KEITH A. TURNER AS PRESIDENT

Cryptanite Blockchain Technologies Corp. has named Keith A. Turner as president.

In connection with Mr. Turner's appointment as president, John Eagleton has resigned his position as president for the company. John Eagleton will retain his title and position as chief executive officer of Cryptanite.

"Keith's extensive experience as an investment banker and negotiator will bring immediate value to our shareholders, and will help Cryptanite build partnerships, develop strategic alliances, oversee acquisitions and expand our international presence," said John Eagleton, co-founder and CEO of Cryptanite.

Mr. Turner brings more than 40 years of global experience working as an international commercial, investment and merchant banker across New York, London, Miami, Asia and Western Canada. He has created and managed loan and equity portfolios worth billions of dollars, and has structured and closed the financings of several hundred management buyouts and corporate financings. Mr. Turner's expertise has been applied over a wide variety of industries, including alternative energy facilities, along with several of North America's premier real estate developers and major league sports teams. While running his own investment banking firms, Mr. Turner has also advised on, closed or managed the closing of several dozen major transactions across Canada and the United States. He has also been nominated four times for entrepreneur of the year in Western Canada by Ernst and Young.

"I am thrilled to be joining the Cryptanite team," said Mr. Turner. "Having been involved in paradigm shifts such as cable TV, cellular phones and the Internet 1.0, I'm very excited to be part of the next generation of technological opportunities with such an exciting, emerging company as Cryptanite."

Stock option grant

The company announces that it has granted 300,000 stock options to Mr. Turner, at an exercise price of 60 cents per option. Each option will have an exercise term that expires on Sept. 12, 2021, and vesting will be determined by management.

About Cryptanite Blockchain Technologies Corp.

Cryptanite harnesses blockchain technology to provide secure, real-time, peer-to-peer payment systems. Cryptanite's growing product line includes Web and mobile apps, including credit and debit products for fiat and cryptocurrency markets.

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