Mr. Sheldon Bennett reports

DMG BLOCKCHAIN SOLUTIONS PROVIDES BI-WEEKLY STATUS REPORT

DMG Blockchain Solutions Inc. is providing this default status report pursuant to National Policy 12-203 -- Cease Trade Orders for Continuous Disclosure (NP 12-203).

As announced in its press release dated January 28, 2020, the Company's principal securities regulator, the British Columbia Securities Commission, granted a management cease trade order (the "MCTO") effective as of January 31, 2022 under NP 12-203. As disclosed in the Company's press release dated January 26, 2022, the Company was advised by its external auditors (the "Auditors") that they will require additional time to complete its internal review and audit procedures for the Company's financial year ended September 30, 2021 and consequently the Company had not filed the following continuous disclosure documents prior to the filing deadlines prescribed under National Instrument 51-102 - Continuous Disclosure Obligations: (i) its audited annual financial statements for the year ended September 30, 2021 and related management discussion & analysis; and (ii) accompanying CEO and CFO certifications (collectively, the "Annual Filings").

The Company reports that DMG's audit committee met with the Auditors on February 25, 2022 for an update on the progress and the Auditors reported that they have made considerable progress with their internal review and audit procedures for the Annual Filings and expects to be in a position to complete the audit by the middle of March 2022. The Auditors have required additional time to complete its internal review and audit procedures in part as a result of the need to increase the scale of its audit process in response to the growth of the Company's business over the past year. The Company reports that there have been no material changes to the information contained in its last bi-weekly default status report dated February 14, 2022. Furthermore, there is no other material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms that, since its last bi-weekly default status report dated February 14, 2022, there have been no failures by it in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203.

The Company is required to file the Annual Filings on or before March 31, 2022. The Company is required to file bi-weekly default status reports in accordance with NP 12-203 until such time that as the default in filing the Annual Filings is remedied. The MCTO does not affect the ability of shareholders to trade their securities.

About DMG Blockchain Solutions Inc.

DMG is an environmentally friendly, vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. DMG's sustainable businesses are segmented into three main divisions: data center operations, data analytics and forensics, and developing enterprise blockchains. DMG's non-polluting data center operations focus on earning eco-friendly revenues from block rewards and transaction fees by mining primarily bitcoin as well as providing hosting services for industrial mining clients entirely powered by renewable energy. DMG's data analytics and forensic services provide technical expertise software products such as Blockseer Pool, Mine Manager, and Walletscore, as well as working with auditors, law firms, and law enforcement organizations. DMG's permissioned blockchain technology is focused on developing enterprise software for the supply chain management of controlled products. DMG's strategy is to become the domain experts across the business verticals it focuses on. DMG's environmentally committed management team includes seasoned crypto experts, forensic & financial professionals, and blockchain developers with deep relationships throughout the industry and a strong ecological consciousness.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hash rate may materially affect the future performance of DMG's production of Bitcoin, and future operating results could also be materially affected by the price of Bitcoin and an increase in hash rate mining difficulty.

We seek Safe Harbor.