Mr. Akshay Sood reports

DYNAMITE BLOCKCHAIN CLOSES $2.5M PRIVATE PLACEMENT

Dynamite Blockchain Corp. has successfully closed its previously announced non-brokered private placement for aggregate gross proceeds of $2.5-million.

Through the offering, the company issued an aggregate of 50 million units of the company at a price of five cents per unit. Each unit comprises one common share in the capital of the company and one transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of 10 cents per common share for a period of 24 months from the date of issuance, subject to acceleration in the event the common shares close above 25 cents for a period of five consecutive trading days.

The offering was carried out pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions and, accordingly, the common shares issued pursuant to the offering are not subject to a statutory hold period in accordance with applicable Canadian securities laws. The warrants and any common shares issuable upon the exercise of the warrants are subject to contractual restrictions on resale expiring four months and one day from the date of issuance. The company intends to use the net proceeds from the offering to solidify the company's position as a public company proxy for utility-based digital assets by acquiring additional digital assets, developing the technologies in the company's blockchain ecosystem, paying down loans and payables and for general working capital.

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.