Mr. Fred Pye reports

3IQ RECEIVES RECEIPT FOR THE ETHER FUND FINAL PROSPECTUS

The Bitcoin Fund manager 3iQ Corp.'s The Ether Fund has filed with the securities regulatory authorities in all of the provinces and territories of Canada and received a receipt for its final prospectus in relation to an initial public offering of Class A units at a price of $10.75 (U.S.) per Class A unit and Class F units at a price of $10.53 (U.S.) per Class F unit. The Toronto Stock Exchange has conditionally approved the listing of the Class A units under the symbol QETH.U, subject to the fulfilment of TSX requirements. Class F units will not be listed on a stock exchange but will be reclassified as Class A units immediately upon the closing of the offering.

The minimum size of the offering is $20,000,009.50 (U.S.) and the maximum size of the offering is $107.5-million (U.S.). The closing date of the offering is anticipated to be Dec. 10, 2020.

The fund's investment objectives are to provide holders of units with:

1. Exposure to the digital currency ether and the daily price movements of the United States-dollar price of ether;
2. The opportunity for long-term capital appreciation.

3iQ will act as the investment manager and portfolio manager of the fund.

The syndicate of agents for the offering is being led by Canaccord Genuity Corp. and includes Richardson Wealth Ltd., Echelon Wealth Partners Inc., Leede Jones Gable Inc., Mackie Research Capital Corp. and PI Financial Corp.

Ether is the native digital asset to the Ethereum blockchain, a decentralized platform for money and new kinds of financial applications. The concept of Ethereum was developed in Canada in 2013 and subsequently launched by a group of technologists from all over the world. With a market capitalization of over $65-billion as of Dec. 2, 2020, ether is the second largest digital asset behind bitcoin.

3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets. 3iQ manages The Bitcoin Fund, as well as a private fund, the 3iQ Global Cryptoasset Fund. The private fund holds bitcoin, ether and litecoin and is available to accredited investors in Canada or in reliance upon other exemptions from the prospectus requirements.

Founded in 2012, 3iQ is Canada's largest digital asset investment fund manager with more than $400-million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund. Gaining access to digital assets such as bitcoin can be daunting, costly and inconvenient. 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets.

This offering is only made by the prospectus of the fund dated Dec. 1, 2020. The prospectus contains important information relating to these securities. Copies of the prospectus may be obtained from any of the agents or on SEDAR. Investors should read the prospectus before making an investment decision.

We seek Safe Harbor.