BlockMint Elects to Terminate Agreement to Purchase Cryptocurrency Mining Facility in Canada

Vancouver, British Columbia--(Newsfile Corp. - August 18, 2021) - BlockMint Technologies Inc. (TSXV: BKMT) ("BlockMint" or the "Company") has elected to terminate its agreement to acquire a cryptocurrency mining facility in Canada that was announced on June 17, 2021. The reason was the Vendor's inability to satisfy the conditions for closing.

BlockMint's CEO, Nelson Ijih, commented: "We regret that this acquisition did not close as anticipated but continue to evaluate additional opportunities to acquire cryptocurrency mining capacity."

About BlockMint Technologies Inc.

BlockMint, through its wholly owned subsidiary, Blockmint (USA) Technologies Inc., develops distributed systems and networks that enable a more decentralized deployment of blockchain based applications such as cryptocurrency mining. The Company's Minter browser allows users to use their spare computing power to mine cryptocurrencies to earn either: (i) carbon credits to help offset their carbon footprint; or (ii) fractional ownership in a NFT. The current version of Minter is for use on desktops and laptops with a Windows operating system and is available at getminter.com.

On behalf of
BLOCKMINT TECHNOLOGIES INC.

Nelson Ijih

Nelson Ijih, CEO
info@blockmint.ai

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the business strategy and objectives of BlockMint. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. There is further no assurance that the Company will be successful in developing, commercializing or profitably operating its new business in the manner described. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93551

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