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Skychain Technologies Inc. Capital/Financing Update 2021

Mar 25, 2021

43833_rns_2021-03-25_5a318f4b-5291-45c1-8c31-9af805000fa5.pdf

Capital/Financing Update

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Skychain Received Loan for Edge Computing Project

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2021) - Skychain Technologies Inc. (TSXV: SCT ) announces that the company received a private loan of $250,000 CAD for completion of Edge Computing project PoC (Proof of Concept), as approved by the Board of directors. The loan was provided by the CEO from his personal funds at the annual interest rate of 6%. The repayment of the principal amount and interest are to be made within a 1-month period time.

About Skychain Technologies

Skychain Technologies is a Vancouver based company providing Blockchain Infrastructure services and power solutions. To learn more, visit www.skychaintechnologies.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Bill Zhang President and CEO

Contact: 604-688-5464 [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company's control.

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATON INTO THE USA