Artificial Intelligence Ventures Incorporated — Capital/Financing Update 2020

Feb 15, 2020

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

BLOCK ONE CAPITAL INC.

1000 – 925 West Georgia Street Vancouver, British Columbia, Canada V6C 3L2

BLOCK ONE RETAINS GRAVITAS SECURITIES AS EXCLUSIVE FINANCIAL ADVISOR TO REVIEW STRATEGIC ALTERNATIVES

VANCOUVER, BRITISH COLUMBIA – February 14, 2020 – Block One Capital Inc. (TSXV: BLOK, OTCQB: BKPPF, Frankfurt: ES3) (the “ Company ” or “ Block One ”), has announced it is pursuing strategic alternatives focused on maximizing shareholder value, including, but not limited to, a possible sale or merger, capital structure changes, or the sale or other disposition of certain of the Company’s investments as part of its strategy to focus on its greatest opportunities. “The Board believes a broad review of strategic alternatives is in the best interests of the Company and our shareholders,” said David Berg, interim Chief Executive Officer. Block One has retained Gravitas Securities Inc. (“Gravitas”) as exclusive financial advisor to assist with its strategic alternatives review. “We are pleased to announce that Block One has hired Gravitas in connection with this initiative,” announced Mr. Berg. “We are excited by the strategic partnerships and strong track record the Gravitas team has established in the technology industry and we look forward to their insights throughout the process.”

There can be no assurance that this process will result in the approval or completion of any strategic alternative or transaction in the future. The Company does not intend to disclose developments or provide updates on the progress or status of the review of strategic alternatives unless and until required or when the Company determines appropriate.

About Gravitas Securities:

Gravitas Securities is a leading wealth management and capital markets firm comprised of tactical individuals known for their sophisticated sector expertise, commitment to excellence, and a global platform committed to integration and innovation. Gravitas provides a wide range of investment services for retail and corporate clients globally with offices in Toronto and Vancouver and is represented in the United States through its FINRA representative, Gravitas Capital International, in New York.

In addition, the Company has granted 2,250,000 options to management and directors at $0.075 for 2 years. The options are subject to TSX Venture Exchange approval.

For more information on Block One please visit the Company’s website at: www.blockonecap.com.

ON BEHALF OF THE BOARD “David Berg” Director

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

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.

FOR ADDITIONAL INFORMATION CONTACT:

Block One Capital Inc.

email: info@blockonecap.com