Green Block Mining Corp. — Capital/Financing Update 2020

Sep 10, 2020

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

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C S E: LNK | F R A: LGT | O T C: LGLOF For Immediate Release

• LINK GLOBAL TECHNOLOGIES CLOSES OVER-SUBSCRIBED $1,288,340 NONBROKERED PRIVATE PLACEMENT UNITS OFFERING WITH STRATEGIC INVESTMENTS FROM CO-FOUNDERS OF BLOCK ONE TECHNOLOGY, INC.

• MR. BIJAN ALIZADEH AND MR. MUNAF ALI OF BLOCK ONE TECHNOLOGY, INC., JOINS LINK BOARD OF DIRECTORS

VANCOUVER, BC, CANADA, S EPTMEM B ER 9, 2020, LINK GLOBAL TECH N OLOGIES INC. (CSE: L N K; FRA: L G T; OTC: L G LOF) (“ LINK ” or the “ Company ” ) , a power a n d infrastr u cture solution s provider f o r digital m i ning and data hosting operations, today announced that i t has closed o v ersubscrib e d its seco n d and fina l tranche (t h e “ Final Tranche ”) o f a non-bro k ered private p lacement fi n ancing (th e “ Financing ”) previou s ly announ c ed on July 1 4, 2020, fo r total gross pr o ceeds $1,2 8 8,340. The F inal Tranc h e consisted of 3,274,06 0 units (eac h , a “ Unit ”) o f the Compan y at a price of $0.33 p e r Unit for g ross proce e ds of $1,08 0 ,440. Co-f o unders of B lock One Tec h nology, In c . (“ Block One ”) personally investe d $500,000 e ach into th e Final Tran c he of the Fina n cing.

Each Un i t consists o f one com m on share of the Compa n y (each, a “ Share ”) an d one-half o f one transfer a ble commo n share pur c hase warra n t (each wh o le warrant, a “ Warrant ”). Each W a rrant entitles t h e holder t o purchase o ne additio n al Share at a price of $ 0 .66 per Sha r e for a period of two (2) y ears from t h e closing o f the Financi n g.

The Co m pany also a nnounces i t has exting u ished debt (the “ Debt Settlement ”) in the a m ount of $125, 5 45 owed by the compa n y to two arms’ length c reditors, in exchange f o r the issua n ce of 380,441 s hares of the Company.

All secu r ities issued in connecti o n with the F inal Tranc h e and Debt Settlement will be subj e ct to a statuto r y hold period expiring four months and one d a y after the c losing of t h e First Tra n che.

None of the securiti e s acquired in connecti o n with the Offering o r the Debt S e ttlement w ill be registered under th e United St a tes Securiti e s Act of 1 9 33, as ame n ded, and n o such sec u rities may be o ffered or s o ld in the U n ited States absent regi s tration or a n applicabl e exemption from the regi s tration req u irements. T his news r elease sha l l not const i tute an of f er to sell o r the solicitati o n of an offer to buy n o r shall the r e be any sa l e of the se c urities in a n y jurisdiction in which s u ch offer, so l icitation or s ale would b e unlawful .

New Members of the Board of Directors

The Company is also pleased to announce the addition of Mr. Seyed Mohammad Alizadeh Fard (“ Bijan ”) and Mr. Munaf Ali of Block One joining the Company’s Board of Directors. Mr. Robert Pirooz has also resigned as Chairman and Director of the Company.

Bijan Alizadeh

Mr. Alizadeh is a Co-Founder and Chairman of Block One. Mr. Alizadeh’s passion for innovation and entrepreneurship grew from his early interest in business and technology. After graduating from university with a degree in electrical engineering, Mr. Alizadeh founded, launched, and managed several successful businesses before turning his talents and keen business acumen to pioneering tech industries, including cryptocurrencies and blockchain technology.

When Mr. Alizadeh decided to move into the blockchain space, Mr. Alizadeh developed an innovative platform that delivered cutting-edge technological solutions to clients and outstanding returns to investors. With years of experience establishing facilities in various jurisdictions, Mr. Alizadeh has refined an efficient, streamlined solution for individuals and institutional investors interested in a secure, turnkey crypto mining option.

As the driving force behind Block One, Mr. Alizadeh focuses on innovative solutions and developing new research and development initiatives to create and deliver efficient and state-of-the-art solutions.

Munaf Ali Mr. Ali, a Co-Founder of Block One, is a serial entrepreneur, with over ten years of banking experience, has established numerous ventures with his partners focusing on blockchain, cryptocurrencies, mining and trading. The latest addition to the group of companies is Phoenix Store, which is the exclusive and official distributor of Bitmain in the Middle East region. Mr. Ali also is the founder of Logica Ventures Corp. (TSXV: LOG.P), a Canadian listed Company, where he holds the position of Chairman.

Coming from a financial background, Mr. Ali was Vice President of Capital Markets at Citigroup in London and later Vice President of Capital Markets at Citigroup in Dubai. Having been regulated by the FSA, FMA and the FCA, Mr. Ali. has years of experience in structuring deals and investments for both private and corporate clients.

Prior to his banking career, Mr. Ali founded and served as Chief Executive Officer of Range Developments, establishing luxury hotels in St Kitts and the Commonwealth of Dominica developing hotels such as the Park Hyatt and Kempinski.

Stephen Jenkins, CEO & Director of Link states:” We are very pleased for the strategic investment and relationship with the Co-Founders of Block One. Link has now commissioned over 6 megawatts (MW) of power at two separate sites in Alberta for Block One’s operations. The team is working tremendously hard to optimize the sites for Block One to ensure efficient, stable operations. We will continue to leverage our expertise and facilities to service our strategic relationships. As previously announced, LINK has access to over 50 MW more of power which allows rapid expansion of revenue generating assets and with our partners we can add up to 15,000 new generation machines to our inventory with this generating capacity in the short term.

In addition, when commenting on the new directors Jenkins added “the Banking, Digital Currency Mining and Engineering expertise of the new directors complements the public markets and energy/regulatory expertise already on the board. We really have a strong team with diverse global views on the energy and digital mining space.”

Mr. Jenkins also states, “we would also like to express our sincere appreciation and gratitude to Mr. Robert Pirooz as he steps down as the Chairman & Director of Link. Robert was instrumental in navigating the Company through its go-public phases and the building of the initial infrastructure of the Company. We would like to wish Robert the very best.”

Bijan Alizadeh, Co-Founder & Chairman of Block One states, “this is a very strategic partnership for Block One and we see scope for this relationship to add value to both parties’ operations and create great value for all shareholders. Block One’s experience and market position when it comes to providing hosting solutions will benefit from a closer working relationship with Link helping it to further cement its position as a leading service provider in the mining and hosting industry.”

Munaf Ali, Co-Founder & Chairman of Phoenix Technology further added, “this investment is an invaluable addition to our platform which we will be rolling out to all of our clients. We will be working closely with Link so that we can both enhance our hosting services to clients while finding innovative ways to reduce costs. Working with Link and our various partners, we aim to explore and develop further hosting sites for our larger corporate clients looking for sites with power in excess of 200MW of power.”

Stock Option and Deferred Share Units

The Company also announces that it has granted an aggregate of 1,500,000 stock options to purchase up to 1,500,000 common shares of the Company to the new directors of Company. These Stock Options will vest immediately and are exercisable for a period of 5 years from the date of grant at a price of $0.42 per common. The options and the common shares issuable upon the exercise of the options held by the optionees are subject to a hold period of four months from the date of grant of the stock options. The Company will also be issuing 1,000,000 deferred share units (DSUs) to two new directors of the Company. Accordingly, the Company will adopt a long-term incentive plan. These DSUs were priced based on September 8, 2020 closing price of the Company's common shares on the Canadian Securities Exchange.

The participation by Bijan Alizadeh and Munaf Ali, each a director of the Company, in the Financing (together, the “ Director Transactions ”) were “related party transactions” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Director Transactions were exempt from the valuation requirement of MI 61-101 by virtue of the exemptions contained in section 5.5(b) of MI 61-101 as the Company’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(1)(a) of MI 61-101 in that the fair market value of the Director Transactions did not exceed 25% of the Company’s market capitalization. As the material change report disclosing the Director Transactions is being filed less than 21 days before the transaction, there is a requirement under MI 61-101 to explain why the shorter period was reasonable or necessary in the circumstances. In the view of the Company it was necessary to immediately close the Director Transactions and therefore, such shorter period was reasonable and necessary in the circumstances to improve the Company’s financial position.

About Block One Technology Inc.

Block One Technology, Inc. (“ Block One ”) is built upon the founders’ numerous years of experience establishing, optimizing, and developing efficient and secure turnkey crypto mining facilities in multiple jurisdictions for individuals and institutions. By utilizing efficient energy supply, Block One controls power usage, which increases profitability and ensures uninterrupted operations. Block One is expanding to build gas power plants to produce energy on demand, and will further optimize Block One’s facilities and increasing its already large warehouse capacity, guaranteeing 99.5% uptime.

About Link Global Technologies Inc.

Link is engaged in the business of providing infrastructure and operating expertise for digital mining operations. Link's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost reliable power and deploying this low-cost power to conduct digital mining and supply energy and infrastructure for other data-hosting services.

On behalf of Link Global Technologies Inc. Stephen Jenkins CEO & Director

For more information visit http://linkglobal.io or contact: Stephen Jenkins steve@linkglobal.io +1-877-770-6545

Investors, please contact: info@linkglobal.io +1877-707-8708

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

DISCLAIMER FOR FORWARD-LOOKING INFORMATION

This news release contains forward-looking information that involves various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as statements that Link will optimize its sites for Block One to ensure efficient, stable operations and will continue to leverage its expertise and facilities to service its strategic relationships; that LINK’s access to over 50 MW more of power allows rapid expansion of revenue generating assets and with its partners can add up to 15,000 new generation machines to its inventory with this generating capacity in the short term; that the Company will adopt a long-term incentive plan; other statements regarding the business relationship between Link and Block One; and other statements regarding the business plans of the Company. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward-looking information, including adverse market conditions. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.