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Blockmate Ventures Inc. (the “Company”) (TSX.V: MATE) (FSE: 8MH1) is pleased to announce that it has completed a non-brokered private placement (the “Placement”) for gross proceeds of C$814,667 for the general working capital. In connection with the completion of the placement, the Company issued 16,293,337 units (each, a “Unit”) at a price of $0.05 per Unit. Each “unit” consists of one common share and one common share purchase warrant exercisable to purchase one additional common share at a price of $0.075 until November 17, 2025.

All securities issued under the offering are subject to resale restrictions until March 18, 2023 in accordance with applicable securities laws. No finder’s fee or commission has been paid by the Company in connection with the completion of the Offer.

The Company also announces that Justin Rosenberg has been appointed Chairman and Chief Executive Officer of the Company. Mr. Rosenberg succeeds Dom Carosa who will remain with the company as founder and executive director.

Mr. Rosenberg, who was appointed non-executive director of Blockmate in April 2022, brings to Blockmate more than 20 years of experience in corporate finance, mergers and acquisitions and venture capital and in advisory roles to the companies for publicly traded technology companies in Australia and Canada.

“It has been a pleasure working with Dom and the team over the past few months and I am excited to increase my involvement as the new CEO,” Rosenberg said.

“For a company with a market capitalization of just C$3 million (US$2.3 million), Blockmate has an exceptional team of stakeholders and a great platform to build a significant business. We have a focused strategy to grow assets and secure partnerships to fund their growth at the asset level, giving Blockmate an edge without the need to raise capital. of Blockmate, midpoint.com, provides potential partners with licenses in the UK, Canada and Hong Kong. Thanks to the board for the opportunity.”

Major Shareholder and Executive Director Dom Carosa added, “We are delighted to appoint Justin as CEO and to help grow the Blockmate business, which I believe will result in increased shareholder value in time.

Blockchain World Ltd.

The Company also announces that following the launch of the blockchain.com.au (Australia) and blockchain.eu (Europe) website domains as announced on November 2 n/a 2022 that it has successfully achieved two of the previously established performance milestones (collectively, the ” Milestones “) related to its acquisition of Blockchain World Ltd. (” BWL “). Following the achievement of the milestones, the Company issued 10,000,000 common shares (the ” Performance shares “) to former BWL shareholders as agreed at the time of purchase. The performance shares are subject to resale restrictions until March 18, 2023 in accordance with applicable securities laws. For more information regarding the acquisition of BWL and the associated steps, readers are invited to consult the press release published by the Company on March 15, 2022.

Early Warning Disclosure

Following the achievement of the milestones, Carosa Corporation BV, a holding company controlled by Executive Director Domenic Carosa of Amsterdam, The Netherlands, acquired control and direction of an additional 6,150,000 ordinary shares of the company . The shares represent approximately 6.8% of the issued and outstanding common shares of the Company.

Following the acquisition, Mr. Carosa has control and direction of 12,648,000 common shares of the Company, representing approximately 14.1% of the issued and outstanding common shares of the Issuer, all of which are held by Carosa Corporation B.V.

Mr. Carosa acquired the securities for investment purposes and, as indicated in the attached early warning report, may in the future acquire or dispose of securities of the Company, through the market, by private or otherwise, depending on circumstances or market conditions.

A copy of the alert report filed with the applicable securities authorities regarding the above acquisition will be available on SEDAR ( www.sedar.com ).

About Blockmate Ventures Inc.
Blockmate Ventures is a Web3 business incubator/builder focused on businesses that use blockchain technology and decentralization to provide greater utility, accessibility, and sustainability around day-to-day services. By working with potential founders, incubating projects can benefit from the Blockmate ecosystem which offers technologies, services, integrations, digital assets and guidance to accelerate project incubation to monetization.

The management team of Blockmate Ventures have successfully founded successful technology companies from the Dotcom era to the social media era and see Web3 technology as the vehicle for a democratized future. Learn more about being a Blockmate investor or partner: www.blockmate.com .

Blockmate invites investors to join the company’s mailing list for the latest industry updates and research by signing up at: https://www.blockmate.com/subscribe

ON BEHALF OF THE BOARD OF DIRECTORS

Dom Carosa (executive director)

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.

Forward-looking information
This press release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements and are based on assumptions, expectations, estimates and projections as of the date of this press release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

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