Mr. Stuart Olley reports

GLOBALBLOCK FILES 2022 AUDITED FINANCIAL STATEMENTS AND Q1 2023 UNAUDITED INTERIM FINANCIAL STATEMENTS; PROVIDES BI-WEEKLY DEFAULT STATUS REPORT

The preparation and audit of Globalblock Digital Asset Trading Ltd.'s annual financial statements, management's discussion and analysis, and related certifications for the fiscal year ended Dec. 31, 2022, are now complete and the annual filings have been filed and are now available for viewing on SEDAR. In addition, the Company's unaudited interim financial statements, management's discussion and analysis and related certifications for the three-month period ended March 31, 2023 have been filed and are now also available for viewing on SEDAR.

In connection with these filings, the Company is now seeking revocation of the management cease trade order (MCTO) issued on May 3, 2022 (the "MCTO").

The Company also announces that the long stop date for completion of the Disposition Transaction (defined below) has been extended to June 30, 2023.

Bi-Weekly Default Status Report

The Company also provides this bi-weekly default status report (the "Default Status Report") in accordance with National Policy 12- 203 Management Cease Trade Orders ("NP 12-203"). On April 20, 2023, the Company announced (the "Default Announcement") that, for reasons disclosed in the Default Announcement, the filing of the Company's Annual Filings would not be completed by the prescribed deadline of May 1, 2023. As a result of this delay in filing the Annual Filings, the Company's principal regulator, British Columbia Securities Commission, granted the MCTO to the Company. The MCTO prohibits all trading by the Chief Executive Officer and the Chief Financial Officer of the Company, and such other directors, officers and persons as determined by the applicable regulatory authorities, in securities of the Company until the MCTO is revoked. Pursuant to the provisions of the alternative information guidelines specified by NP 12-203, the Company reports that since the Default Announcement, except as stated in this Default Status Report, there have not been any changes to the information contained therein that would reasonably be expected to be material to an investor; nor any failure by the Company to fulfil its intentions as stated therein with respect to satisfying the provisions of the alternative information guidelines, and there are no additional defaults or anticipated defaults subsequent to the disclosure therein. Further, other than as set forth below, there is no additional material information respecting the Company and its affairs that have not been generally disclosed and there are no insolvency proceedings against the Company as of the date of this Default Status Report.

ABOUT THE COMPANY

GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose wholly-owned operating subsidiary, GlobalBlock Europe, UAB (https://www.globalblock.eu), is a European Union based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app.

As previously announced by the Company, the Company has entered into a Business Disposition Agreement dated March 22, 2023 with GlobalBlock Ltd. ("GB UK") and the original shareholders and founders of GB UK (the "GB UK Founders") to transfer GB UK, GlobalBlock Europe, UAB and its digital asset broker business back to the GB UK Founders (the "Disposition Transaction"). In return, the GB UK Founders will return to the Company the 48,450,000 common shares of the Company collectively held by them (which shares were originally issued to the GB UK Founders when the Company acquired GB UK in 2021).

Following completion of the Disposition Transaction, the Company will not have any operating business. Accordingly, the Company will need to identify and, if successful, acquire or combine with a new business. There is no guarantee that the Company will be able to identify and acquire a new business on terms acceptable to the Company, or at all. The Company will also face ongoing requirements for additional capital which may not be available.

We seek Safe Harbor.