Mr. Cale Moodie reports

NEPTUNE INCREASES CREDIT LINE WITH SYGNUM BANK TO US$25 (CDN$36)-milliON

Neptune Digital Assets Corp. has increased the size of the previously announced strategic borrowing relationship with Sygnum Bank, a Swiss bank specializing in servicing crypto-native companies, from $20-million (U.S.) to $25-million (U.S.).

The company intends to use the funds to expand and purchase bitcoin and other crypto-related assets, in addition to supporting strategic investments. The loan will be secured against the company's bitcoin holdings. There is no minimum balance requirement, and Neptune may draw on the facility as needed. As of the date of this news release, the company has not drawn on the line of credit.

"We are happy to have increased this line of credit. The increase to $25-million (U.S.) from the previously announced $20-million (U.S.) required an additional set of approvals from Sygnum Bank management and we are pleased this was accepted," stated Cale Moodie, Neptune's chief executive officer.

"We are excited to support Neptune in expanding its broad digital asset portfolio," said Benedikt Koedel, head of credit and lending at Sygnum Bank. "With this collaboration, we continue to support the growth of the crypto ecosystem in a secure and regulated environment."

About Sygnum

Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. Sygnum empowers professional and institutional investors, banks, corporates and digital ledger technology (DLT) foundations to invest in digital assets with complete trust.

About Neptune Digital Assets Corp.

Neptune Digital Assets is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi) and other associated cutting-edge technology.

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