Neptune Digital Assets Announces Appointment of New Auditor

Vancouver, British Columbia--(Newsfile Corp. - November 2, 2021) - Neptune Digital Assets Corp. (TSXV: NDA) (OTC Pink: NPPTF) (FSE: 1NW) ("Neptune" or the "Company"), a cryptocurrency leader in Canada, is pleased to announce that, effective as of November 2, 2021 (the "Effective Date"), it has appointed RSM Canada LLP ("RSM") to serve as the Company's auditor until the next annual general meeting of shareholders of the Company.

"We are very pleased to be working with RSM Canada LLP. RSM brings a wealth of knowledge and expertise in both audit engagements, review engagements and Canadian and US tax compliance, all of which are integral to the growth and success of Neptune. RSM has been auditing companies in the crypto space now for some time and they will be a valuable resource to both Neptune and shareholders, we look forward to working with them as we grow the Company," stated Cale Moodie, Neptune CEO.

RSM replaces Manning Elliott LLP (the "Former Auditor") as the Company's auditor following the Former Auditor's resignation. In accordance with National Instrument 51-102, Neptune will file a change of auditor notice ("Notice") on SEDAR, together with letters from RSM and the Former Auditor, in relation to the foregoing change of auditor within 14 days after the Effective Date.

About Neptune Digital Assets Corp.

Neptune Digital Assets (TSXV:NDA) is one of the first publicly-traded blockchain companies in Canada ‎and is a cryptocurrency and blockchain infrastructure leader with operations across the digital asset ‎ecosystem including bitcoin mining, proof-of-stake mining, decentralized finance (DeFi) and associated ‎blockchain technologies.‎

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX ‎Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

Forward-Looking Statements

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans", "proposes" or similar terminology. Forward-looking statements and information include, but are not limited to, statements with respect to the future completion by the Company's of the required filings pursuant to National Instrument 51-102‎ in relation to a change of auditor. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company's ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101740

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