Mr. Christopher Farnworth reports

SPACE KINGDOM DIGITAL CAPITAL CORP. COMPLETES INITIAL PUBLIC OFFERING

Space Kingdom Digital Capital Corp. has completed its initial public offering of two million common shares in the capital of the company at a price of 10 cents per share for gross proceeds of $200,000 pursuant to a prospectus dated May 12, 2023, filed with the British Columbia, Alberta and Ontario securities commissions. The company's shares are expected to commence trading as a capital pool company on Tier 2 of the TSX Venture Exchange on July 31, 2023, under the symbol YSK.P.

Haywood Securities Inc. acted as lead agent for the offering. Pursuant to the offering, the company compensated the agent as follows: (1) a $20,000 cash commission; (2) an $11,500 corporate finance fee; and (3) options to purchase up to 200,000 shares of the company were issued to the agent and members of the agent's selling group at a price of 10 cents per share exercisable for a period of 60 months from the date on which the offering closes, as agreed to by the issuer and the agent. The company also granted to its directors and officers incentive options to acquire up to 200,000 shares at a price of 10 cents per share, exercisable for a period of five years from the date the shares are listed on the exchange.

As of the date hereof, the company has 4.3 million shares issued and outstanding (2.3 million of which are subject to escrow restrictions) and an aggregate of 400,000 shares are reserved for issuance upon the exercise of the agent options and the director and officer options.

About Space Kingdom Digital Capital Corp.

The company is designated as a capital pool company under Policy 2.4 of the TSX-V. The company has not commenced commercial operations and has no assets other than cash. The purpose of the offering is to provide the company with funds to identify and evaluate businesses or assets with a view to completing a qualifying transaction (as defined in the prospectus). Any proposed qualifying transaction must be approved by the TSX-V and, in the case of a non-arm's-length qualifying transaction, must also receive majority approval of the minority shareholders. Until the completion of a qualifying transaction, the company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

We seek Safe Harbor.