VANCOUVER, B.C., Canada, March 22, 2022 — Ocean Falls Blockchain Corp. (“OFB” or the “Company”) is pleased to announce a Letter of Intent with Gray Wolf AI (“Gray Wolf”), developers of a proprietary crypto-fraud investigation platform. Ocean Falls will be entering an Early Adopter Program as a path to adopting Gray Wolf’s solution for the identification and classification of destructive behaviour in the crypto-sphere.

The goal of bringing on Gray Wolf AI’s software solution into the fold of Ocean Falls suite of tools is to gain relevant insight on the impact of digital asset scams, fraud, and manipulation.

“Gray Wolf’s solution is a future-looking partnership for Ocean Falls,” said Oded Orgil, CEO at Ocean Falls Blockchain. “As we continue to engage in new blockchain verticals, risk protection for our users is a critical piece we wish to ensure.”

Gray Wolf is a custom solution for fraud and investigation within networks and platforms that support the crypto-economy, like exchanges, marketplaces, and more.

“The next phase of our company’s development roadmap is to launch an early adopter program to gather detailed input from industry partners and we believe Ocean Falls can be an ideal fit and partner to advance our software technology,” said Dhirendra Shukla, president, and chairperson at Gray Wolf AI.

Gray Wolf’s platform provides an intuitive environment in which you can control your data and act quickly against crypto-fraud and scams. One of the key features of Gray Wolf’s software technology is its ability to allow swift roll-out of coercive and preventative security measures that help mitigate customer and network fraud risk.

About Gray Wolf AI

Gray Wolf is an intelligence platform for crypto-fraud detection and investigation. Visit graywolfai.com for more information.

About Ocean Falls Blockchain Corp.

Ocean Falls is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in historic Ocean Falls, B.C. Ocean Falls is also creating a new sustainable solution for the captive insurance industry. Visit oceanfalls.com for more information.

For further information, please contact:

[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.