File: '\\swfile\EmailIn\20240913 170700 Attachment Pepcap NR (Pepcap Enters into Due Diligence Agreement) September 13, 2024.docx'

PEPCAP ENTERS INTO A DUE DILIGENCE AGREEMENT

Vancouver, British Columbia, September 13, 2024 - Pepcap Resources, Inc. (TSXV:WAV.H) (the "Company") announces that it has entered into a due diligence agreement with Blockmetrix, LLC, a limited liability company organized and existing under the laws of Texas, United States, primarily for the purpose of engaging in the business of mining Bitcoin, a form of currency known as a cryptocurrency, and is also involved in the acquisition and build-out of infrastructure related to Bitcoin mining for the purpose of hosting its Bitcoin mining operations and providing Bitcoin mining hosting to other Bitcoin miners.

As a good faith incentive to complete the due diligence assessment of Blockmetrix by the Company, Blockmetrix is providing a non-refundable deposit of CDN$100,000 to the Company, which non-refundable deposit is not convertible into securities of the Company, whatsoever, or to be paid back by the Company to Blockmetrix or its assignees.

Within 60 days following the completion of due diligence review of Blockmetrix and subject to satisfactory results to the Company of the legal, financial, and business affairs of the due diligence assessment of Blockmetrix, the Company and Blockmetrix will, on a commercially reasonable effort basis, negotiate and enter into a definitive agreement outlining the terms and conditions of the proposed merger transaction.

PEPCAP RESOURCES, INC.

Per: "Richard C. King Jr."

Richard C. King Jr., CEO

For further information: Richard C. King Jr.

Phone: +1 (502) 345-0966

Email: richardckingjr@icloud.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.