Mr. Cale Moodie reports

NEPTUNE COMPLETES STRATEGIC ACQUISITION OF 26,964 SOLANA AT 67% DISCOUNT TO MARKET PRICE

Neptune Digital Assets Corp. has achieved a growth milestone for its proof-of-stake operations with a new acquisition of 26,964 Solana (SOL) tokens, a leading proof-of-stake (PoS) blockchain protocol.

Neptune Digital Assets has successfully negotiated a strategic purchase of 26,964 Solana, one of the fastest-growing blockchain ecosystems, at $64 (U.S.) per SOL token, resulting in an exceptional 67-per-cent discount to current market value of $192 (U.S.) (at time of writing) per SOL. This investment underscores Neptune's commitment to identifying and capitalizing on high-potential opportunities within the digital asset space. Neptune's new Solana balance is now 31,181 tokens, all of which are staked and earning rewards.

As part of its growth strategy, Neptune Digital Assets has been actively growing its staking business line, where it either delegates tokens or operates nodes to secure PoS blockchain networks and earn rewards. These rewards contribute to Neptune's revenue streams, enhancing value for shareholders. With Solana's PoS mechanism, Neptune anticipates generating approximately a 7.5-per-cent annual yield. The Solana tokens acquired by Neptune will be locked and staked. The tokens will be released as follows:

• 80 per cent will be released linearly on a monthly basis until January, 2028;
• 20 per cent will be released in March, 2025;
• Solana will be staked and earn staking rewards during the lock period (current yield is approximately 7.5 per cent; however, this is subject to fluctuation).

Cale Moodie, chief executive officer of Neptune Digital Assets, commented: "Our growing focus on proof-of-stake cryptocurrencies such as Solana, Polkadot and Atom aligns with our commitment to generating sustainable revenue streams in the rapidly evolving blockchain ecosystem. Solana's staking rewards, combined with its robust infrastructure, present an attractive opportunity for Neptune to generate revenue while contributing to the security and decentralization of the Solana network. This is a remarkable opportunity to grow our assets and revenues at a substantial discount to prevailing market prices."

Solana has emerged as a powerhouse in the blockchain industry, offering lightning-fast transaction speeds and low fees, making it a strong platform for decentralized applications (dApps) and decentralized finance (Defi) projects. With this strategic investment, Neptune Digital Assets positions itself at the forefront of innovation within the blockchain space.

About Neptune Digital Assets Corp.

Neptune Digital Assets is one of the first publicly traded blockchain companies in Canada and is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ecosystem, including bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance and other associated blockchain technologies.

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