Mr. Angus Campbell reports

GLOBALBLOCK ANNOUNCES EFFECTIVE DATE FOR NAME CHANGE AND SHARE CONSOLIDATION

Effective Oct. 24, 2025, Globalblock Digital Asset Trading Ltd. will implement its previously announced name change to Blok Digital Ltd. and a share consolidation on the basis of one postconsolidation common share for every 4.8 preconsolidation common shares. The company has received approval for the name change and consolidation from the TSX Venture Exchange.

Following the name change and consolidation, the common shares of the company are scheduled to begin trading on a postconsolidation basis at market open on Friday, Oct. 24, 2025. The company's stock symbol, BLOK.H, will not change. The new Cusip number will be 055503106 and the new ISIN (international securities identification number) will be CA0555031065. Following the consolidation, the company will have approximately 17,982,029 common shares issued and outstanding prior to rounding for fractional shares.

No fractional shares will be issued as a result of the consolidation. The number of postconsolidation 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 postconsolidation 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 postconsolidation common share, provided that no shareholder shall be entitled to more than one such rounding up.

Registered shareholders holding share certificates of the company will be mailed a letter of transmittal from the company's transfer agent, Odyssey Trust Company, as soon as practicable after the effective date advising of the name change and consolidation and instructing them to surrender and exchange their share certificates or direct registration system (DRS) statements evidencing their preconsolidated common shares for new share certificates or new DRS statements representing the number of postconsolidated common shares to which they are entitled. A copy of the letter of transmittal will be posted on the company's issuer profile on SEDAR+. Non-registered shareholders holding common shares of the company through an intermediary (a securities broker, dealer, bank or financial institution) should be aware that the intermediary may have different procedures for processing the consolidation than those that will be put in place by the company for registered shareholders. If shareholders hold their common shares of the company through intermediaries and have questions in this regard, they are encouraged to contact their intermediaries.

The exercise or conversion price of and the number of common shares issuable under any convertible securities of the company will be proportionately adjusted upon the completion of the consolidation.

We seek Safe Harbor.