Mr. Akshay Sood reports

CRYPTOBLOX CONVERTS DEBTS AT $0.55 PER SHARE

Cryptoblox Technologies Inc. has agreed with certain of its creditors to issue an aggregate of 109,090 common shares to such creditors in exchange for outstanding accounts payable in the aggregate amount of $60,000 owing to certain creditors. The settlement shares are being issued at a price of 55 cents in accordance with the policies of the Canadian Securities Exchange.

The company is completing the shares for debt transaction to improve its financial position by reducing its existing liabilities. All settlement shares will be subject to a four-month-and-one-day hold period. The shares for debt transaction remain subject to CSE acceptance. No new control person of the company will be created pursuant to the shares for debt transaction.

"I wanted to lead by example in converting my debts into shares of the company at 55 cents per share, which was the same price as our last acquisition," stated Akshay Sood, chief executive officer of Cryptoblox.

"This debt conversion makes it clear that our debtors, stakeholders and I believe in the long-term value of Cryptoblox and envision that we will be a top performer within the industry as we have just begun to execute on our diversified blockchain ecosystem strategy," added Mr. Sood.

The shares for debt transaction constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) as it is anticipated that Mr. Sood, will be issued settlement shares in connection with the debt settlement. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the shares for debt transaction with the forgoing insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. The company did not file a material change report in respect of the related-party transaction at least 21 days before the closing of the debt settlement, which the company deems reasonable in the circumstances as the company wishes to improve its financial position by reducing its existing liabilities.

About Cryptoblox Technologies Inc.

Cryptoblox Technologies is a blockchain technology infrastructure company focusing on building out its diversified blockchain ecosystem strategy that consists of infrastructure and sustainable digital asset mining, sustainable mining products and technology, and structured digital asset products and blockchain payments.

We seek Safe Harbor.