Mr. Lewis Bateman reports

SPIRIT BLOCKCHAIN CAPITAL AND VESTA EQUITY ANNOUNCE STRATEGIC MUTUAL INVESTMENT

Spirit Blockchain Capital Inc. and Vesta Equity Inc. have entered into an agreement for Spirit to make a strategic investment in Vesta Equity. With this investment, Spirit and Vesta Equity intend to collaborate on initiatives focused on innovating the real estate investment sector, enhancing the scope of investment options, and introducing novel opportunities for asset owners and investors.

Vesta Equity's innovative platform is engineered to allow property owners to access their equity without resorting to debt. It offers an opportunity for both individual and institutional investors to purchase tokens that represent equity in residential properties directly. This model not only facilitates property appreciation and additional income through coupons and dividends but also enables the construction of diversified real estate portfolios akin to stock investments.

Lewis Bateman, chief executive officer of Spirit, articulated his enthusiasm for the partnership, stating: "Our collaboration with Vesta Equity is more than strategic; it's transformative. We stand on the brink of unlocking tremendous value in the real estate sector through tokenization, perfectly aligning with our pioneering vision in the digital asset arena."

Echoing Mr. Bateman's sentiments, Michael Carpentier, co-founder and chief executive officer of Vesta Equity, highlighted the alliance's transformative impact: "In partnership with Spirit Blockchain Capital, we are set to modernize the interaction between homeowners and investors in real estate equity. Our platform democratizes access to real estate investment, offering direct, transparent and fractionalized investment opportunities, thus providing liquidity and exceptional risk-adjusted returns."

Under the investment, Spirit will acquire 270,727 common shares of Vesta Equity, which is equal to 2 per cent of its issued and outstanding common shares. Spirit will in turn issue 2,054,722 common shares to Vesta Equity on a private placement basis at a deemed price of approximately 8.5 cents per share. The common shares to be issued to Vesta Equity will be subject to statutory resale restrictions for a period of four months and one day from issuance. The investment is subject to acceptance by the Canadian Securities Exchange.

About Vesta Equity Inc.

Vesta Equity is building the home equity ecosystem for the Web 3.0 economy. They are at the forefront of the tokenization of real estate equity, offering a platform that enables homeowners to access their equity debt-free and investors to participate in the equity of residential properties through tokenization. This innovative approach provides transparency, liquidity and excellent returns, transforming the way real estate equity is accessed and invested in.

About Spirit Blockchain Capital Inc.

Spirit Blockchain Capital is a leading investment company at the forefront of the blockchain industry. Through its operational business line and asset management business, the company provides investors with a range of opportunities for capital appreciation. With a strong focus on innovation, strategic investments and operational excellence, Spirit Blockchain is poised to unlock the potential of the digital economy.

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