Mr. Sergei Stetsenko reports

BLOCKCHAINK2 CORP PROVIDES UPDATE ON MANAGEMENT CEASE TRADE ORDER

Further to its news release of Feb. 12, 2025, BlockchainK2 Corp. has provided an update with respect to the management cease trade order dated Jan. 29, 2025, issued by the British Columbia Securities Commission in connection with the delay by the company in filing its audited annual consolidated financial statements for the financial year ended Sept. 30, 2024, the related management discussion and analysis, and chief executive officer and chief financial officer certificates for the same period before the filing deadline of Jan. 28, 2025.

The company has been working closely with its auditor and expects to file the required filings by March 31, 2025.

The company's failure to file the required filings by the filing deadline is due to the company's auditor requiring additional time to complete the financial statements and perform various audit procedures due to capacity constraints at both the staff and partner levels.

As previously announced, pursuant to the MCTO, the CEO and CFO of the company may not trade securities of the company until such time as the company files the required filings and the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders of the company to trade their securities. The company is providing this updated status report in accordance with National Policy 12-203, Cease Trade Orders for Continuous Disclosure Defaults. Until such time as the company files the required filings and the MCTO has been revoked, the company intends to the follow the provisions of the alternative information guidelines set out in NP 12-203, including the issuance of biweekly default status reports in the form of news releases.

Pursuant to the provisions of the alternative information guidelines specified in NP 12-203, the company confirms that, as of the date of this news release and except as noted above: (a) there have been no material changes to the information contained in the MCTO that would reasonably be expected to be material to an investor; (b) there have been no failures by the company to fulfill its stated intentions with respect to satisfying the provisions of the alternative reporting guidelines under NP 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the first MCTO update; and (d) there is no other material information concerning the affairs of the company that has not been generally disclosed.

We seek Safe Harbor.