Block One Announces Plans to Broaden Investment Scope to Include Other Sectors

Block One Capital Inc. (TSXV: BLOK) (OTCQB: BKPPF) (Frankfurt:ES3) (the “Company” or "

Block One

"), an investment company focussed on high growth opportunities, is pleased to provide an update on its investment strategy. For the last eighteen months Block One has focussed on early stage and high growth opportunities in the blockchain sector. The Company has invested in early stage blockchain technologies and acquired a significant minority stake when possible. Utilizing the technical and operational depth of our leadership team, Block One Capital has attempted to provide investors with a diversified basket of blockchain exposure at attractive valuations.

However, over the last many months, investment in the blockchain sector has been complicated by a number of factors that include, but not limited to: significant sustained declines in crypto-currency valuations, the flight of low cost growth capital from the sector, a shifting and still unclear regulatory environment. These factors have impaired Bock One Capital’s existing portfolio. Bock One Capital believes that it will be challenging to produce to positive results for investors in the near to medium term by allocating its remaining investment capital to the blockchain sector.

As a result, Block One Capital will begin evaluating investment opportunities outside of the blockchain sector to which Block One Capital can allocate its remaining investment capital to optimize investor outcomes.  These sectors include, but are not limited to: Cannabis, Fintech and Healthcare.

The Company will provide additional updates over the coming weeks.

For more information on Block One Capital, please visit the Block One Capital's website at www.blockonecap.com, or contact Block One Capital at [e-mail].

"Sothi Thillairajah"Chief Executive Officer

Neither the 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.