Mr. Marshall Gunter reports

DATAMETREX COMPLETES SALE OF DMEVS TO GRAPH BLOCKCHAIN

Datametrex AI Ltd. has closed the previously announced (see press release from Nov. 14, 2023) sale of its subsidiary, DataMetrex Electric Vehicle Solutions Inc. (DMEVS) to Graph Blockchain Inc.

Pursuant to an agreement dated Nov. 13, 2023, Graph Blockchain has acquired DMEVS from Datametrex for an aggregate purchase price of up to $3.75-million, consisting of shares and cash earn-out payments.

Graph Blockchain has issued to Datametrex 15 million common shares at a deemed price of five cents per share. In addition, Datametrex's opportunity to receive up to $3-million in cash earn-out payments is contingent upon DMEVS's fulfilment of certain postclosing performance metrics over three years. These earn-out payments incentivize and ensure continued focus on maximizing DMEVS's value under new ownership.

Datametrex filed an early warning report on Nov. 14, 2023, in connection with the execution of an agreement to sell DMEVS to Graph Blockchain. The common shares of Graph Blockchain are listed for trading on Canadian Securities Exchange. Datametrex now holds 18,928,956 common shares of Graph Blockchain, representing approximately 19.66 per cent of the issued and outstanding shares of Graph Blockchain.

A director of Datametrex is also a director and senior officer of Graph Blockchain. The transaction was approved by independent directors of each of Datametrex and Graph Blockchain.

Marshall Gunter commented on the transaction, stating: "The sale of DMEVS to Graph Blockchain marks a pivotal step in Datametrex's growth, aligning us with a partner who shares our vision for innovation in the tech sector. This deal not only benefits our shareholders but also promises continued success and advancement in the electric vehicle industry under Graph Blockchain's stewardship."

About Datametrex AI Ltd.

Datametrex AI is a technology-focused company with exposure to artificial intelligence, machine learning and health care. The company excels in delivering tools and solutions that enhance operational efficiencies and business outcomes. With a commitment to innovation, Datametrex is dedicated to supporting enterprises by setting a new standard for business protocols through cutting-edge technology.

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