Mr. Paul Haber reports

GRAPH BLOCKCHAIN COMPLETES ACQUISITION OF DMEVS FROM DATAMETREX

Graph Blockchain Inc. has successfully acquired Datametrex Electric Vehicle Solutions Inc. (DMEVS) from Datametrex AI Ltd. This acquisition (see press release Nov. 14, 2023) marks a significant expansion of Graph Blockchain's portfolio by entering into the electric vehicle (EV) technology business.

In this strategic move, Graph Blockchain issued 15 million common shares to Datametrex at a deemed price of five cents per share. Additionally, Datametrex stands to receive up to $3-million in cash earnout payments, subject to DMEVS meeting specific performance metrics over the next three years with a total consideration of up to $3.75-million.

As a result of this transaction, Datametrex now holds approximately 19.66 per cent of Graph Blockchain's issued and outstanding shares, signifying a strong continuing partnership between the two companies. This acquisition was overseen and approved by independent directors from both Datametrex and Graph Blockchain.

Paul Haber, chairman and chief executive officer of Graph Blockchain, commented on the acquisition, stating: "We are thrilled to welcome DMEVS into the Graph Blockchain family. This strategic acquisition is more than a business transaction; it's a step towards the future of EV technology. By integrating DMEVS's innovative solutions and the existing infrastructure into our portfolio, we are poised to make significant strides in the EV sector. We are confident that this synergy will not only enhance our product offerings but also drive substantial growth and value for our shareholders."

About Graph Blockchain Inc.

Graph Blockchain is at the forefront of electric vehicle (EV) and blockchain technology. The company's portfolio includes Babbage Mining Corp., specializing in proof-of-stake mining, enhancing its role in the expanding EV market. Additionally, Graph Blockchain has interests in the cryptocurrency space through Beyond the Moon Inc., aiming to deliver a broad spectrum of investment opportunities to shareholders by capitalizing on the transformative power of EVs and blockchain.

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