Mr. Geoff Balderson reports

DIGITAL ASSET TECHNOLOGIES ANNOUNCES SETTLEMENT AGREEMENT WITH FORMER CEO

Digital Asset Technologies Inc. has entered into an agreement with the former chief executive officer of the company to settle and terminate a court case application. Pursuant to the agreement, the company will pay the employee a gross amount of $125,000 and issue to the employee 6.25 million shares of the company at a deemed price of 3.2 cents per settlement share, as approved by the Canadian Securities Exchange, with an aggregate value of $200,000.

The settlement shares will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation and the policies of the CSE.

The agreement contains standard confidentiality provisions and does not include any admission of liability or fault by either party, and resolves all claims asserted in the claim and pursuant to the dispute. No further details will be disclosed regarding the settlement.

The agreement and issuance of the settlement shares are subject to certain conditions, including receipt of all necessary corporate and regulatory approvals, including from the CSE.

About Digital Asset Technologies Inc.

Digital Asset Technologies is a publicly traded investment issuer that identifies and makes equity investments in global companies that are developing and commercializing technology.

We seek Safe Harbor.