Calgary, Alberta--(Newsfile Corp. - September 18, 2025) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK.H) (OTC: BLVDF) (FSE: BD4) (the "Company") announces that it intends to change its name to "BLOK Digital Ltd." (the "Name Change") and to consolidate its share capital on the basis of 4.8 pre-consolidation common shares for each one (1) post-consolidation common share (the "Consolidation"). The Company's Board of Directors have approved the Name Change and Consolidation, and shareholders approved the same at the Company's annual general and special meeting held on August 13, 2025. The Company's stock symbol will remain "BLOK".

The Consolidation and Name Change remain subject to the approval of the TSX Venture Exchange. The Company will issue a further news release notifying shareholders as to when the effective date of the Consolidation and Name Change will occur.

The Company currently has 86,313,741 common shares issued and outstanding. After completion of the Consolidation, the Company expects to have approximately 17,982,029 common shares issued and outstanding. No fractional shares will be issued as a result of the Consolidation. The number of post-Consolidation common shares issuable to a shareholder shall be rounded up in the event that said shareholder was entitled to a fractional share equivalent to one-half or more of a post-Consolidation common share and shall be rounded down in the event that said shareholder was entitled to a fractional share equivalent to less than one-half of a post-Consolidation common share, provided that no shareholder shall be entitled to more than one such rounding up.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information set out in this news release constitutes forward-looking statements or information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, TSX Venture Exchange approval of the Consolidation and Name Change, and the timing of any Consolidation and Name Change. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's most recent management's discussion and analysis, a copy of which is filed on SEDAR+ at www.sedarplus.ca, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266888