Mr. Richard Zhou reports

BLOCKCHAIN VENTURE CAPITAL INC. ANNOUNCES CLOSING OF SHARES FOR DEBT

Blockchain Venture Capital Inc. has issued to Hybrid Financial Ltd. common shares in connection with an agreement for the full and final satisfaction of a $305,100 debt. The company issued a total of 540,000 shares at a price of 50 cents per share for gross aggregate value of $270,000. The company will close the shares for debt transaction by making a cash payment to satisfy the remaining $35,100 debt outstanding no later than Dec. 30, 2023.

The company completed the shares for debt transaction to improve its financial position by reducing liabilities.

All securities issued under the shares for debt transaction will be subject to a hold period expiring four months and one day from the date of issuance.

The company retained Hybrid to provide marketing services for an initial period of 12 months commencing Oct. 22, 2022, during which Hybrid was paid a monthly fee of $15,000 and a one-time fee of $90,000, plus applicable taxes. The initial term has been completed. Hybrid was engaged to heighten market and brand awareness for the company and to broaden its reach within the investment community.

Hybrid agreed to comply with all applicable securities laws and the policies of the Canadian Securities Exchange in providing the services.

About Blockchain Venture Capital Inc.

Blockchain Venture is an Ontario incorporated company, and is registered as a money service business with the Financial Transaction and Reports Analysis Centre of Canada (FINTRAC). It is a provider of an innovative technology infrastructure to participants in the emerging blockchain and distributed ledger technology industry. Instrumental to the company's business and growth strategy is BVC Chain, a proprietary blockchain platform and distributed ledger technology, which can operate as a centralized or decentralized ledger. BVC Chain was designed to be a turnkey solution, which can be customized and implemented by organizations wishing to deploy blockchain-platform-based solutions, products or services. BVC Chain will also serve as the platform and infrastructure for BvcPay and CADT. BvcPay is a cloud-based mobile application that is intended to have the capability to function as a digital currency wallet, and which can facilitate point-of-sale and on-line transactions using bitcoin, ethereum and CADT. CADT is the native digital currency of the BVC Chain, and it is intended to be a stablecoin. BVCI's CADT business division is expected to issue CADT, a cryptographic stablecoin supported on a 1:1 basis with an equivalent amount of Canadian dollar held in a custodial account. CADT is expected to support real-time pricing, payment, settlement, digital asset issuance and ledger capabilities.

Unless and until the company receives the necessary regulatory approvals, or unless it can rely on an exemption from the prospectus and registration requirements in furtherance of the issuance and trading of CADT, there is no assurance that the company will be able to pursue its proposed CADT business or any related BvcPay business that relies on CADT.

We seek Safe Harbor.