GlobalBlock Announces Appointment of Chief Financial Officer and Corporate Secretary

London, United Kingdom and Vancouver, British Columbia--(Newsfile Corp. - July 4, 2023) -  GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the "Company") announces that Jim O'Neill has been appointed Chief Financial Officer of the Company and Gordon Chmilar has been appointed Corporate Secretary of the Company.

As the Company works towards closing of its previously announced sale of its digital asset broker business (the "Disposition Transaction") (see the Company's March 23 and May 17, 2023 press releases), having a Canadian based Chief Financial Officer with the public company experience that Mr. O'Neill has, will be a benefit to the Company in identifying and acquiring a new business after the Disposition Transaction has been completed.

The Board of Directors of the Company thanks outgoing Chief Financial Officer, Mr. Samad Wali for his hard work and dedication to the Company and wish him well in his future pursuits.

Mr. O'Neill has over 30 years' experience as a finance executive with multi-national businesses operating in Canada, USA, the UK, Turkey and Kenya. Jim's extensive public company financial management and governance experience includes junior mining exploration, development and operations, in addition to project management, manufacturing and distribution businesses.

Mr. Chmilar is a corporate lawyer with 20 years of experience and is the founder of Modern Finance Law in Calgary, Alberta. Mr. Chmilar frequently represents issuers, underwriters, and investors in public and private securities offerings, and has gained extensive experience in international mining, technology, and oil & gas related financings and transactions and joint ventures. Mr. Chmilar holds a law degree from the University of Calgary and a Bachelor of Commerce degree from the University of Alberta.

ABOUT THE COMPANY

GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose wholly owned operating subsidiary, GlobalBlock Europe, UAB, is a European Union based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app. Following completion of the Disposition Transaction, the Company will not have any operating business. Accordingly, the Company will need to identify and, if successful, acquire or combine with a new business.

For further information please contact the Company at:

Stuart Olley, Director
Telephone: (403) 618-4900
Email: stuartolley@outlook.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information set out in this news release constitutes forward-looking statements or information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things: the proposed timing for completion of the Disposition Transaction; the ability of the Company to complete the Disposition Transaction; and the ability of the Company to successfully identify and complete the acquisition of or combination with a new business. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's most recent management's discussion and analysis, a copy of which is filed on SEDAR at www.sedar.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/172316