Mr. Richard Zhou reports

BLOCKCHAIN VENTURE CAPITAL INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT AND SHARES FOR SERVICES

Blockchain Venture Capital Inc. has completed a non-brokered private placement financing and issued shares for services, as previously approved by its board of directors.

Private placement financing

The company has completed a private placement of 2.75 million common shares at a price of 20 cents per share, for aggregate gross proceeds of $550,000.

The financing consisted of:

• 2.5 million common shares for gross proceeds of $500,000;
• 250,000 common shares for gross proceeds of $50,000.

The private placement was completed pursuant to applicable prospectus exemptions under National Instrument 45-106.

Shares issued for services

In addition, the company issued an aggregate of 800,000 common shares at a deemed price of 20 cents per share in settlement of bona fide services:

• 300,000 shares issued to Lenny Wong for consulting and business development services;
• 500,000 shares issued to Herman Holdings Ltd. for consulting services.

No cash proceeds were received by the company in connection with these share-for-service issuances.

Total issuance

In total, the company issued 3.55 million common shares at a price of 20 cents per share.

Following completion of the issuance, the company now has 41,222,813 common shares issued and outstanding.

Regulatory matters

All securities issued pursuant to the private placement and share-for-service transactions are subject to a statutory hold period of four months and one day, in accordance with applicable securities laws.

The company confirms that the transactions were completed in compliance with Canadian Securities Exchange policies and applicable securities legislation.

No finders' fees were paid in connection with the private placement.

About Blockchain Venture Capital Inc.

Blockchain Venture Capital is a technology-focused investment issuer listed on the Canadian Securities Exchange, focused on opportunities in blockchain, digital assets and emerging financial technologies.

Blockchain Venture Capital is an Ontario-incorporated company registered as a money services business (MSB) with FinTRAC. The company provides blockchain-based financial infrastructure, including:

• BVC Chain, a proprietary blockchain and distributed-ledger platform;
• BVCPay, a mobile wallet enabling digital transactions using bitcoin, ethereum and the CADT stablecoin;
• Trillium Coin, a bitcoin OTC (over-the-counter) trading service.

CADT, Blockchain Venture's native digital currency, is intended to be a Canadian-dollar-backed stablecoin designed for payments, settlements, digital-asset issuance and ledger services. Unless and until Blockchain Venture obtains all necessary regulatory approvals or qualifies for exemptions, there is no assurance that it will be able to proceed with its CADT-related initiatives.

We seek Safe Harbor.