File: Attachment 250113 NR MCTO Application.v1.pdf

BlockchainK2 Corp Announces Application for a Management Cease Trade Order For Late Filing of Annual Audited Financial Statements

Vancouver, British Columbia January 13, 2025 - BlockchainK2 Corp(TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) ("BlockchainK2" or the "Company") announces that it has made an application to the British Columbia Securities Commission, Alberta Securities Commission, Manitoba Securities Commission, New Brunswick Financial and Consumer Services Commission, Office of the Superintendent of Securities Service Newfoundland and Labrador, Nova Scotia Securities Commission, Ontario Securities Commission, Prince Edward Island Financial and Consumer Services Division, Autorite des marches financiers and Financial and Consumer Affairs Authority of Saskatchewan to approve a temporary management case trade order ("MCTO") under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"), which, if granted, will prohibit trading securities by the Company by the Chief Executive Officer and Chief Financial Officer of the Company until such time as the Required Filings (defined below) and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public will continue to be able to trade in the Company's listed securities. The MCTO application has been made but there is no guarantee or assurance that the MCTO will be granted.

The Company expects that it will be unable to file its audited financial statements for the financial year ended September 30, 2024 (the "Financial Statements") and the related management's discussion and analysis and Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, with the Financial Statements, the "Required Filings") before the filing deadline of January 28, 2025 (the "Filing Deadline").

The Company's failure to file its Required Filings by the Filing Deadline is due to the Company's auditors requiring additional time to complete the Financial Statements and perform various audit procedures due to capacity constraints at both the staff and partner levels.

The Company anticipates that it will be in a position to remedy the default by filing the Required Filings on or about March 28, 2025. The MCTO, if granted, will be in effect until the Required Filings are filed.

The Company intends to satisfy the provision of the alternative information guidelines set out in sections 9 and 10 of NP 12-203 as long as the Required Filings are outstanding.

ON BEHALF OF THE BOARD OF DIRECTORS Sergei Stetsenko CEO and Director 604 630-8746

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms 2

or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.

Neither 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.