Mr. Akshay Sood reports

DYNAMITE BLOCKCHAIN ANNOUNCES PRIVATE PLACEMENT

Dynamite Blockchain Corp. has arranged a non-brokered private placement of a minimum of 50 million units of the company at a price of five cents per unit for aggregate gross proceeds of $2.5-million. Each unit will consist of one common share in the capital of the company and one transferable share purchase warrant, with each warrant to entitle the holder to purchase one additional common share at an exercise price of 10 cents per common share for a period of 24 months following the closing of the offering, subject to acceleration in the event the common shares close above 25 cents for a period of five consecutive trading days.

The offering will be completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and therefore the common shares underlying the units issued in the offering to Canadian subscribers will not be subject to a hold period in accordance with applicable Canadian securities laws. The warrants underlying the units issued in the offering and any shares issued upon exercise thereof will be subject to contractual restrictions on resale, expiring four months and one day from the date of issue of the warrants. There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The offering is expected to close on or about Sept. 23, 2025, and completion of the offering is subject to certain conditions, including, but not limited to, receiving adequate subscriptions for the offering and the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

Use of funds

The company intends to use the net proceeds from the offering to solidify the company's position as a utility-based digital asset proxy public company by using proceeds to settle loans and payables, purchase utility coins in the market, and develop the company's technologies to bolster its blockchain ecosystem, all as further set out in the offering document.

"Through this offering, we plan to significantly clean up our balance sheet and strategically position ourselves to be on the path to become the utility-based digital asset proxy by providing shareholders exposure to select utility-focused digital assets," commented Akshay Sood, chief executive officer of Dynamite.

Dynamite's blockchain ecosystem summary:

• Holdings -- acquire utility-based digital assets (such as KAS and MOT) that can be integrated into the blockchain ecosystem;
• Products -- acquire or develop products (such as the IMME non-custodial wallet) that amplify digital asset utility and adoption of the holdings;
• Services -- acquire or develop services that monetize user activity and add utility to the holdings.

Why utility-based digital assets and why now:

1. Scarcity and utility: Unlike bitcoin-proxy companies, Dynamite is one of the only public companies to focus on a utility-based digital asset strategy.
2. Regulatory alignment: Utility tokens -- when properly structured -- do not constitute securities, reducing compliance friction while regulators accelerate bespoke frameworks.
3. Public market liquidity: As a regulated public company, Dynamite allows retail and institutional investors to access diversified utility-token exposure.
4. Selection discipline: Unique digital asset selection framework screen for all digital assets that enter the company's holdings.

About Dynamite Blockchain Corp.

Dynamite Blockchain is a blockchain technology infrastructure company focused on building a diversified blockchain ecosystem focused on Kaspa. The company operates Kaspa mining assets, develops Kaspa-enabled products and services such as the IMME wallet, and selectively acquires high-utility digital assets that enhance shareholder value through diversification.

We seek Safe Harbor.