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Green Block Mining Corp. Capital/Financing Update 2021

Feb 19, 2021

47735_rns_2021-02-19_af05b9b8-1a3d-40cf-872b-b4fd2f81b0ed.pdf

Capital/Financing Update

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NOT F OR DISTR I BUTION TO U.S. NEWS W IRE SERVI C ES OR FO R DISSEMIN A TION IN T H E UNI T ED STATE S

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----- Start of picture text ----- C SE: LNK | F R A: LGT | OT C : LGLOFFor Imme d iate Release----- End of picture text -----

LINK GLOBAL TECHNOLOGIES ANNOUNCES CLOSING CAD $1,314,798 OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT UNITS OFFERING

VANCOUVER, BC, CANAD A , FEBRU A RY 17, 20 2 1, LINK G LOBAL T E CHNOLO G IES INC. (C S E: LNK; F R A: LGT; O TC: LGLO F ) (“LINK” or the “Co m pany”), an i nnovative p ower and infr a structure so l utions prov i der for Bit c oin mining a nd data ho s ting operat i ons, is plea s ed to announc e the closi n g of its n on-brokere d private p l acement (t h e “ Financing ”) previously announc e d on Febru a ry 10, 202 1 , by issuin g 2,191,329 units (each, a “ Unit ”) a t a price of CAD $0.60 p e r Unit for the total g r oss procee d s of CAD $1,314,798 . Each Uni t consists o f one common share of t h e Compan y (each, a “ Share ”) an d one-half o f one tran s ferable co m mon share pu r chase warr a nt (each w h ole warran t , a “ Warrant ”). Each W arrant ent i tles the hol d er to purchase one additional Share a t a price of C AD $0.90 p er Share fo r a period o f 19 months from the date of closing o f the Finan c ing. The C ompany al s o announc e s it has ext i nguished d e bt in the amo u nt of $12,6 0 0 owed by t he compan y to arms’ l e ngth third party vendor s , in exchan g e for the issua n ce of 21,0 0 0 Units.

The Co m pany paid f inders’ fee s of CAD $ 4 9,056 and i ssued 81,7 6 0 finders’ w arrants, e a ch of which e n titles the h o lder to pur c hase one S h are at a pri c e of CAD $ 0.90 for 19 months fro m the date of c losing of t h e Financin g . All secu r ities issued in the Fin a ncing are s ubject to a fourmonth h o ld period e x piring June 18, 2021.

Link int e nds to use t h e net proceeds from th e Financing f or:

  • T he commis s ioning of n e w 10 Mega w att (MW) p ower sites i n Alberta. L ink is gene r ating power from d ormant an d stranded n a tural gas assets, and su p plying this power via f ixedp r ice contracts to its cli e nts, which i nclude Bit c oin miners and data h o sting opera t ions. T his site wil l generate a n additiona l revenue o f USD $35 0 ,000 per m o nth for Li n k, as p r eviously a n nounced in a press rele a se dated Ja n uary 4, 20 2 1.

  • Marketing and general working capital purposes.

Link President and Chief Executive Officer Stephen Jenkins commented, “We are very pleased with the level of interest in Link’s latest financing, and we appreciate the support from our new and existing shareholders. We are executing on our business plan as previously outlined in March 2020, and have since secured over 20 Megawatts (MW) of power-generating assets, of which 8.75 MW has been in operation since 2020, generating revenues in excess of USD $1.5 million (unaudited) for the Company. Along with hosting of machines we begin to mobilize our own fleet of mining machines to self-mine for Bitcoin, with the added advantage of leveraging our growing supply of low-cost, reliable power, generated from dormant and stranded natural gas assets. Link has substantial experience in operating crypto mining machines and the Company looks forward to commencing its Bitcoin mining operations on February 21, 2021.”

None of the securities acquired in connection with the Financing will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Link Global Technologies Inc.

Link is engaged in the business of providing infrastructure and operating expertise for digital mining and data hosting 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 lowcost power to conduct digital mining and supply clean energy and infrastructure for other datahosting services.

On behalf of Link Global Technologies Inc.

Stephen Jenkins Chief Executive Officer & Director

For more information visit http://linkglobal.io/ or contact: Steve Jenkins [email protected] +1-877-770-6545

Investors please contact: [email protected]

+1-833-707-8708

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION.

This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “would”, “could”, “should” or “might” occur. Forward-looking statements made in this news release include, but are not limited, to: the intended use of the net proceeds from the Financing; that the Company’s new site will generate an additional revenue of USD $350,000 per month for Link; that the Company is in a position to mobilize its own fleet of crypto mining machines to self-mine for Bitcoin, with the added advantage of leveraging its growing supply of low-cost, reliable power, generated from dormant and stranded natural gas assets; and that the Company looks forward to commencing its Bitcoin mining operations in the near future.

All such forward-looking statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation: that the Company may use the net proceeds from the Financing for uses other than those set out in this news release; those set out in the Company’s most recent MD&A, fluctuations in the price of electricity, fluctuations in the price of digital currencies/Bitcoin, the future potential halving of Bitcoin, increases in the network difficulty rate and price of digital currencies/Bitcoin, negative changes in the level of digital currency/Bitcoin rewards per block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, unanticipated changes in laws, regulations or other industry standards affecting the business of the Company, reliance on key management personnel, the Company’s ability to implement its business plan, litigation risk, stock price volatility, the effects of general economic and other factors beyond the control of the Company, and other matters that may occur in the future. Given these risks, undue

reliance should not be placed on these forward-looking statements, which apply only as of the date hereof. Other than as specifically required by law, the Company undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.

This news release contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about Link’s prospective results of operations, including revenue, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this news release was made as of the date of this news release and was provided for the purpose of providing further information about Link’s future business operations. The Company disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, except as required by securities law. Investors are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.