Ms. Taryn Stemp reports

REDWATER SECURES $0.015 KWH GAS SUPPLY AGREEMENT, REDUCING ENERGY COSTS BY APPROXIMATELY 90.91%

Cryptoblox Technologies Inc.'s wholly owned subsidiary, Redwater Acquisition Corp., has secured an advantageous gas supply agreement (the GSA) with the Redwater site owner. The GSA is expected to result in a significant reduction in energy costs, lowering energy expenses by approximately 90.91 per cent, as compared with average market rates reported by EPCOR's regulated rate option (the RRO).

Under the GSA, True North Data Systems Ltd. (TNDS) and Redwater have secured gas at a favourable rate of 1.5 cents per kilowatt-hour (kWh) compared with the average market rate of 16.5 cents per kWh, as reported by the RRO. This achievement not only demonstrates the company's commitment to delivering cost-effective solutions but also highlights its ability to forge strategic partnerships that drive value and enhance long-term success.

"The securing of this gas supply agreement at such an attractive rate is a major milestone for TNDS and Redwater," commented Cryptoblox interim chief executive officer Taryn Stemp. "By reducing our energy costs by approximately 90.91 per cent compared to the average market rate, we have achieved a significant cost advantage. This cost advantage will allow us to provide highly competitive and cost-effective solutions to our clients while maintaining the highest standards of performance, reliability and environmental sustainability."

The negotiated rate of 1.5 cents per kWh, compared with the average market rate of 16.5 cents per kWh (based on the RRO), reflects the company's dedication to delivering affordable and sustainable data centre and crypto mining solutions. By optimizing their operations and passing on the savings to their customers, TNDS and Redwater Acquisition can ensure that clients receive state-of-the-art services at a competitive price.

Ms. Stemp further commented: "Our achievement in negotiating a favourable energy supply rate inspires us to invest further in cutting-edge technologies and infrastructure. We hope this will ensure our data centres and crypto mining facilities remain at the forefront of efficiency and performance."

Redwater remains focused on delivering industry-leading data centre and crypto mining solutions that prioritize cost-effectiveness and environmental sustainability. The favourable GSA not only strengthens its positions in the market but also reinforces its commitment to driving innovation and delivering unparalleled value to its clients.

About Cryptoblox Technologies Inc.

Cryptoblox Technologies is a blockchain technology company with diversified portfolio of fintech blockchain services, blockchain battery technologies and applications, and crypto mining facilities under development. The company's acquisition of Redwater marks a significant milestone in its plan to meet the fast-growing demand for cost-effective cryptocurrency infrastructure in North America. By integrating its mining facilities into power generation facilities in Alberta, and using state-of-the-art operations techniques, the company will be positioned to achieve a high degree of financial optionality and long-term operational certainty that can deliver some of the cleanest and lowest-cost mining operations in the world. The company recently acquired a 100-per-cent interest in Redwater Acquisition, which is a company specializing in air-cooled data centres and advanced heat recapture products. Committed to environmental sustainability, Redwater Acquisition aims to revolutionize the crypto mining sector through innovative technologies that enhance efficiency and reduce the industry's carbon footprint.

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