Vancouver, B.C., July 12, 2021 – Ocean Falls Blockchain Corp. (“OFB” or the “Company“) is a well-capitalized and unified blockchain technology company focused on developing or acquiring relevant and disruptive blockchain applications, in addition to an environmentally conscious boutique cryptocurrency mining operation located in the historic town of Ocean Falls, British Columbia. OFB’s objective is to develop and acquire a portfolio of revenue-generating blockchain technology applications in addition to generating ongoing revenues from its bitcoin mining operations.

The biggest criticism of blockchain technology is the lack of a problem to solve and no clear revenue stream. The Company’s blockchain applications will focus on practical areas that can quickly scale, such as its captive insurance applications which will facilitate a portfolio of property and casualty insurance products including prize indemnity.

OFB’s mining facility is currently completing infrastructure upgrades from 1MW to 2MW+ of capacity with the potential of increasing capacity significantly as required. These upgrades are anticipated to be completed by August 2021. The Company’s mining operations are currently revenue generating with revenues expected to increase substantially once the infrastructure upgrades are completed.

OFB has a strong national presence with a head office in Vancouver, British Columbia, and crypto mining operations situated in Ocean Falls, British Columbia, including a very favorable relationship with green energy power producer Boralex Inc. (“Boralex“), and additional offices and management in Toronto, Ontario. Boralex is a Quebec-based company that owns the Ocean Falls power plant with a market capitalization of over $4 billion and trades on the Toronto Stock Exchange.

Ocean Falls is located at the end of Cousins Inlet, near Bella Bella, British Columbia. The history of the town is unique in that it was once the second largest paper-producing mill on the BC coast, going into operation in 1912 and home to about 4000 people. The town had a K-12 school system, its own hospital, one of the province’s largest hotels and an Olympic swimming pool where many champions trained. The paper mill ceased operations permanently in 1980 and most of the residents moved, leaving little more than 50 people in the entire town in the decades since. The founders of OFB were interested in the history and saw a great opportunity to help revitalize the town while using some of the underutilized hydroelectric power from the original turbines since the shutdown of the mill.

Canadian Public Listing

OFB plans to go public through a non-offering prospectus by way of listing its securities on the Canadian Securities Exchange (“CSE“). The Company anticipates being a publicly listed company in the summer of 2021 with sufficient capital for operations and expansion plans into 2022.

About Ocean Falls Blockchain Corp.

Ocean Falls Blockchain Corp. is a well-capitalized and unified blockchain technology company focused on developing or acquiring relevant and disruptive blockchain applications, in addition to an environmentally conscious boutique cryptocurrency mining operation located in the historic town of Ocean Falls, British Columbia.

For Further information, please contact:

Email:[email protected]

Forward Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. These statements are based upon information currently available to OFB’s management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “will”, “would”, and “should”. Forward-looking statements contained in this news release are based on certain factors and assumptions made by the management of OFB based on their current expectations, estimates, projections, assumptions, and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management’s expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, other factors may cause actions, events, or results to be different than anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.