Mr. Stuart Olley reports

GLOBALBLOCK COMPLETES SALE OF DIGITAL ASSET BROKER BUSINESS; APPOINTS INTERIM CEO AND DIRECTOR

Globalblock Digital Asset Trading Ltd. has completed the previously announced sale of its digital asset broker business. The Disposition Transaction has been completed by the sale of the Company's formerly wholly owned subsidiary, GlobalBlock Ltd. ("GB UK") back to the original founders of GB UK (the "GB UK Founders"). GB UK operates its digital asset broker business through its subsidiary GlobalBlock Europe, UAB, which by extension was transferred to the GB UK Founders in connection the Disposition Transaction.

For GB UK, the GB UK Founders returned 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). Those common shares have been cancelled and the Company now has 76,798,741 common shares issued and outstanding. In addition, options to acquire up to 1,500,000 common shares of the Company that were held by GB UK employees have been cancelled effective July 31, 2023.

Board, Management and Corporate Matters

David Thomas (one of the GB UK Founders) has resigned as the Chief Executive Officer and a director of the Company. In addition, Patrick Bullman (also one of the GB UK Founders) has resigned as a director of the Company.

Mr. Rupert Williams has been appointed as interim Chief Executive Officer and has also been appointed as a director of the Company. Mr. Williams is a financier and since 2015 has been a director of Smaller Company Capital Ltd. In the last nine years, Mr. Williams has been instrumental in raising more than pounds sterling500 million in capital for mining companies and managing key corporate clients. He co-founded Ocean Equities in 2003 to take advantage of rising commodity prices. Mr. William's role at Ocean Equities was to bring in corporate clients and organize fund raisings both primary and secondary. There he led a sales team of six with the support of four research analysts concentrating efforts on junior and mid cap mining companies.

The Board of Directors of the Company is now comprised of the following: Rupert Williams, Trevor Gabriel and Stuart Olley. They will also make up the Audit Committee of the Company.

Operational Information

The Disposition Transaction involved the disposition of all or substantially all of the Company's property, and its remaining assets are cash and the blockchain patents it acquired in February 2021. Accordingly, the Company will need to identify and, if successful, acquire or combine with a new business. The TSX Venture Exchange has advised that the Company's listing will be transferred to the NEX Board of the TSX Venture Exchange on or about August 3, 2023, until the Company is able to so acquire or combine with a new business.

Related Party Transaction

The Disposition Transaction was a non-arm's length transaction because it involved "Non-Arm's Length Parties" (as defined by the TSX Venture Exchange). The GB UK Founders each held more than 10% of the issued and outstanding common shares of the Company prior to the completion of the Disposition Transaction.

Name Change

The Company intends to change its name now that the Disposition Transaction has been completed. The Company will issue additional press release(s) related to this name change and other material information as it becomes available.

ABOUT THE COMPANY

GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK). Following completion of the Disposition Transaction, the Company has no 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.

For further information please contact the Company at:

Stuart Olley, DirectorTelephone: (403) 618-4900Email: stuartolley@outlook.com

The TSX Venture Exchange has in no way passed upon the merits of the Disposition Transaction and has neither approved nor disapproved the contents of this news release.

EARLY WARNING REPORTING

The GB UK Founders, in connection with the Disposition Transaction, have now disposed of and no longer own and control any common shares of the Company as follows:

Mr. David Thomas (c/o 65 Curzon Street, London, W1J 8PE, United Kingdom) transferred to the Company a total of 12,112,500 common shares of the Company in connection with the Disposition Transaction, representing approximately 9.67% of the issued and outstanding shares of the Company immediately prior to completion of the Disposition Transaction. Mr. David Thomas no longer holds or controls any common shares of the Company. The closing price of the Company's common shares prior to (i) announcement of the Disposition Transaction was $0.075 per share, and (ii) announcement of the closing of the Disposition Transaction was $0.175 per share.

Mr. Karl Thompson (c/o 65 Curzon Street, London, W1J 8PE, United Kingdom) transferred to the Company a total of 12,112,500 common shares of the Company in connection with the Disposition Transaction, representing approximately 9.67% of the issued and outstanding shares of the Company immediately prior to completion of the Disposition Transaction. Mr. Karl Thompson no longer holds or controls any common shares of the Company. The closing price of the Company's common shares prior to (i) announcement of the Disposition Transaction was $0.075 per share, and (ii) announcement of the closing of the Disposition Transaction was $0.175 per share.

Mr. Patrick Bullman (c/o 65 Curzon Street, London, W1J 8PE, United Kingdom) transferred to the Company a total of 12,112,500 common shares of the Company in connection with the Disposition Transaction, representing approximately 9.67% of the issued and outstanding shares of the Company immediately prior to completion of the Disposition Transaction. Mr. Patrick Bullman no longer holds or controls any common shares of the Company. The closing price of the Company's common shares prior to (i) announcement of the Disposition Transaction was $0.075 per share, and (ii) announcement of the closing of the Disposition Transaction was $0.175 per share.

Mr. Tim Bullman (c/o 65 Curzon Street, London, W1J 8PE, United Kingdom) transferred to the Company a total of 12,112,500 common shares of the Company in connection with the Disposition Transaction, representing approximately 9.67% of the issued and outstanding shares of the Company immediately prior to completion of the Disposition Transaction. Mr. Tim Bullman no longer holds or controls any common shares of the Company. The closing price of the Company's common shares prior to (i) announcement of the Disposition Transaction was $0.075 per share, and (ii) announcement of the closing of the Disposition Transaction was $0.175 per share.

We seek Safe Harbor.