Mr. Akshay Sood reports

CRYPTOBLOX SIGNS LOI FOR MODULAR RENEWABLE ENERGY POWERED MINING INFRASTRUCTURE

Cryptoblox Technologies Inc. has signed a non-binding letter of intent (LOI) with Crypto Green Tech Inc. for a strategic partnership, whereby Cryptoblox will acquire the rights to Crypto Green's patent-pending modular, renewable-energy-powered crypto mining infrastructure.

About Crypto Green Tech

Crypto Green is a technology company aiming to revolutionize the digital realm by merging state-of-the-art technology with eco-friendly practices. By embedding renewable energy at the core of their innovations, Crypto Green is part of a global transition towards environmentally conscious digital solutions. Crypto Green's innovations involve the fusion of the sustainable principles of green energy with the transformative potential of decentralized finance. Their technology, which is patent pending, pertains to a modular renewable energy-powered device that allows users to mine digital assets by generating electricity through a series of solar panels and wind turbines, all built in a way that maximizes efficiency.

"We are extremely excited to bring the Crypto Green technology to as many people as possible in our journey towards a greener future" says Akshay Sood, Chief Executive Officer of Cryptoblox.

Cryptoblox Strategy

With the recent acquisition of Redwater Acquisition Corp. ("Redwater"), a modular air-cooled data center facility, powered by flared gas in Sturgeon County, Alberta, Cryptoblox began rolling out an off-grid mining strategy that utilizes alternate energy (such as flare gas in Redwater's case) to power digital asset mining operations. The Company looks to expand its alternate energy powered off-grid digital asset mining operations with the acquisition of exclusive rights to Crypto Green's technology that enables modular, renewable energy-powered mining infrastructure development and deployment world-wide.

"Cryptoblox is looking to shape the next paradigm of digital asset mining and we hope that having a company like Crypto Green as strategic partner will allow us to do so at an accelerated pace" added Mr. Sood. Industry Disruption

Acquiring rights to the patent pending technology and its exclusive world-wide development and distribution is expected to allow Cryptoblox to extend their off-grid mining infrastructure to retail users while further developing hyper-modular digital asset self-mining farms using the technology. Beyond digital asset mining, the Crypto Green technology can be used in many ways. Users can charge their electric car, use the stored power as a backup for their house or monetize the energy generated (without 3rd parties) through digital asset mining. Traditionally, to monetize excess energy generation via renewables, users are required to sell that energy back to the grid operator/utility company at a fraction of the electricity market rate. However, through the innovative design of Crypto Green's technology and the fundamentals of blockchain technology, the need for an intermediary regarding monetization has been eliminated. Subject to applicable regulatory regimes, users can monetize more profitably as they keep 100% of all their mining revenue while also accruing carbon credits which can then be further monetized in the future.

The exclusive development and distribution rights granted to Cryptoblox would strengthen the Company's position in the alternate energy powered off-grid mining space - further compounding on their existing alternate energy powered digital asset mining strategy. The Company plans to additionally scale through the incorporation of stranded energy assets that provide cheaper energy. This development comes at a crucial time when climate change is causing energy crises globally. Emergency grid mandates that we have seen in recent years pose a significant risk to all energy-intensive operations, including digital asset mining powered by on-grid electricity. The Company's aim is to reduce its and its customers' reliance on on-grid energy and the associated intermediary risks by investing in stranded/renewable energy assets.

The closing of the transaction with Crypto Green is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board of directors of both Cryptoblox and Crypto Green.

About Cryptoblox Technologies Inc.

Cryptoblox Technologies Inc. is a blockchain technology company focusing on building out clean energy powered digital asset mining infrastructure enhanced with artificial intelligence, along with a diversified portfolio of fintech blockchain products and services. The company will be focused on powering digital asset mining operations through flare gas operations throughout North America - with the first acquisition being in Redwater, Alberta. By using alternative energy sources and state-of-the-art operations techniques powered by AI, the Company will be positioned to achieve a high degree of financial optionality and long-term operational certainty, which can result in some of the cleanest and lowest-cost digital asset mining operations in the world.

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