Mr. Justin Rosenberg reports

BLOCKMATE ANNOUNCES DEBT SETTLEMENT

Blockmate Ventures Inc. has reached agreements with David Wong, Justin Rosenberg, Domenico Carosa, Georg Hochwimmer and Konstantin Lichtenwald (directors or officers of the company) and two arm's-length creditors to settle outstanding indebtedness totalling $141,538.03 through the issuance of 2,830,761 common shares at a deemed price of five cents per share. Completion of the debt settlement remains subject to the approval of the TSX Venture Exchange. All common shares issued in connection with the debt settlement will be subject to a four-month-and-one-day statutory holder period in accordance with applicable securities laws.

Mr. Wong, Mr. Rosenberg, Mr. Carosa, Mr. Hochwimmer and Mr. Lichtenwald are directors or senior officers of the company and are considered non-arm's-length parties in accordance with the policies of the exchange. As a result, the debt settlement with the non-arm's-length parties is subject to TSX-V Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. In completing the debt settlement with Mr. Wong, Mr. Rosenberg, Mr. Carosa, Mr. Hochwimmer and Mr. Lichtenwald, the company intends to rely upon Section 5.5(b) of MI 61-101 for an exemption from the formal valuation requirement of MI 61-101 as the securities of the company are not listed or quoted on a specified market and Section 5.7(b) of MI 61-101 for an exemption from the minority shareholder approval requirements of MI 61-101 as the fair market value of the debt settlement with the non-arm's-length parties does not exceed $2.5-million.

About Blockmate Ventures Inc.

Blockmate Ventures is a Web3 incubator/venture creator focusing on businesses that utilize blockchain technology and decentralization to provide greater utility, accessibility and sustainability around everyday services. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations, digital assets and advisory to accelerate the incubation of projects toward monetization.

Blockmate's current platforms include FX (foreign exchange) payments (Midpoint), radically simple Web3 mining (Hivello) and green projects (Blockchain World and others in the pipeline).

The leadership team at Blockmate Ventures has successfully founded successful tech companies from the dot-com era through to the social media era and views Web3 technology as the vehicle for a democratized future. Join the Hivello wait-list for a free passive income app and learn more about being a Blockmate investor on the Blockmate website.

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