This arrangement would make OFB a global leader in clean energy-powered Bitcoin mining

Vancouver, British Columbia (March 7, 2022) – Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce a Letter of Intent signed with West Coast Marine Terminals (WCMT). This potential partnership would enable Ocean Falls to increase its mining capacity up to 80 megawatts (MW) by the end of 2024, starting with an initial phase one expansion at the start of next year.

Ocean Falls is moving to acquire roughly 21,780 sq. ft. of outdoor container space fully powered by renewable energy resources. Ocean Falls purchased two prototype container units and have been running viability tests since January, in advance of any larger-scale expansion.

“The initial results from the viability tests look great,” said Oded Orgil, CEO at Ocean Falls Blockchain. “We are very excited for this partnership, it would mean a milestone achievement for Ocean Falls’ pursuit of clean energy solutions to support the backbone of decentralized networks like Bitcoin.”

In the last couple of years, the balance of hashing power has slowly shifted toward North American miners. Hydroelectricity is a big part of this, according to Orgil, as it’s an attractive source of energy for bitcoin miners in the face of today’s environmental realities.

Ocean Falls currently operates a 2 MW-plus, clean energy-powered cryptocurrency mining farm in historic Ocean Falls, B.C.

“We believe this potential partnership is a pivotal opportunity for West Coast Terminals to bridge our strategic interests and access to infrastructure in Gold River with the growing Canadian blockchain technology sector,” said Kent O’Neill, General Manager at WCMT.

West Coast Terminal has 240 acres (100 hectares) of usable industrial zoned land, including storage facilities with over 350,000 sq. ft. (32,500 m2) of covered warehouse buildings.

Visit oceanfalls.com for more information on OFB.

About West Coast Marine Terminals

West Coast Marine Terminals is a deep sea port that presents numerous opportunities to support established industry as well as pose as a significant resource to commercial activities. West Coast Marine Terminals is located in a protected inlet on the west coast of Vancouver Island in Nootka Sound and is central to both the Northwest and USA borders.

Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce that it has filed its preliminary prospectus and has received initial comments back from the BCSC. The company is attending to the comments and continues to position itself for a direct listing in the coming weeks.

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.