Neptune Digital Assets Corp. — Capital/Financing Update 2021

Mar 3, 2021

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TSX-V: NDA OTC: NPPTF FSE: 1NW

NEPTUNE DIGITAL ASSETS CLOSES PRIVATE PLACEMENT

VANCOUVER, British Columbia – March 02, 2021 – Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (“ Neptune ” or the " Company ") is pleased to announce that it has closed its previously announced non-brokered private placement of units of the Company for $300,000 at $0.325 per unit (the " Private Placement "). Each unit consisted of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of $0.40 per common share for a period of three (3) years from the closing date. The securities sold in this Private Placement will be subject to a four month and one day hold period from the closing date. The Private Placement is subject to the final approval of the TSX Venture Exchange.

The Company intends to use the proceeds from the Private Placement for strategic cryptocurrency acquisitions.

About Neptune Digital Assets Corp.

The Company has a diversified cryptocurrency portfolio with investments made in top market cap tokens, proof-of-stake cryptocurrencies, decentralized finance and associated blockchain technologies.

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO Neptune Digital Assets Corp. www.neptunedigitalassets.com

Neptune Digital Assets Corp. www.neptunedigitalassets.com