Mr. Richard Zhou reports

BLOCKCHAIN VENTURE CAPITAL INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND RECEIVES SOFTWARE AUDIT REPORTS

Blockchain Venture Capital Inc. intends to complete a non-brokered private placement of up to 2.4 million units at a price of 75 cents per unit for aggregate gross proceeds of up to $1.8-million. Each Unit is comprised of one (1) common share in the capital of the Company ("Common Share") and one (1) common share purchase warrant ("Warrant"), with one Warrant entitling the holder thereof to purchase one (1) Common Share at a price of CA$0.92 per Common Share for a period of 24 months from the date of closing of the Offering.

The Company intends to use the proceeds from the Offering to fund corporate expenditures and general working capital purposes.

All securities issued under the Offering will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable securities laws.

In addition, the Company is pleased to announce that it received software audit reports from CertiK, a smart contract auditor, namely (i) a security assessment of the BVCChain CADT, BVCI's proprietary blockchain platform and distributed ledger technology, and (ii) a security assessment of BVCChain BEP20CADT, BVCI's proprietary blockchain platform and distributed ledger technology. BVCI is working to integrate CertiK's recommendations and has communicated the reports to the Ontario Securities Commission. BVCI is continuing to work toward developing its blockchain technology and obtaining the required regulatory approvals that would permit BVCI to pursue its proposed CADT related businesses.

This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

About the Company

BVCI 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 BVCI'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 online 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 BVCI obtains 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 BVCI will be able to pursue its proposed CADT business or any related BvcPay business that relies on CADT.

Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset if and when traded on secondary markets or that the reserve of assets will be adequate to satisfy all redemptions.

We seek Safe Harbor.