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Block One Capital Inc. (TSXV: BLOK, OTCQB: BKPPF Frankfurt: ES3) (the “Company” or “Block One”), an investment company focused on early stage and high growth opportunities in the blockchain sector, is pleased to provide the following corporate update.

Block One has named Mr. Sivakumar V. Arumugam as Director of Research.

Mr. Arumugam is currently an affiliate with the Department of Philosophy of Science at Cambridge University, researching the contemporary uses of data science in industry. He was previously a Mellon Postdoctoral Research Fellow at University of Chicago researching technologies underpinning the rise of data science, big data, and machine learning. Mr. Arumugam completed his PhD at Columbia University analyzing the use of technologies to regulate and optimize commercialized contemporary sports. He is active in the cryptocurrency space and as a market-maker in both the spot and futures markets. Mr. Arumugam began his career on the US Treasuries market-making desk at PaineWebber, now part of UBS, before pursuing a career in academia. He has published and presented numerous papers on the history and culture of probability, financial markets and scientific disciplines.

“With artificial intelligence and machine learning being critical elements of the next generation in blockchain architecture and application development, having Sivakumar on the Block One team helps us effectively evaluate investment opportunities in these areas,” said Mr. Sothi Thillairajah, CEO of Block One.

For more information on Block One please visit the Company’s website at: www.blockonecap.com.

“Sothi Thillairajah”Chief Executive Officer

Forward-Looking StatementsThis news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the prospects of developing a formal agreement with a leading provider of risk management software and a residential whole loan exchange; the prospects of developing formal arrangements with additional housing GSEs, including those involved in the US residential mortgage market, and a European headquartered international financial management company; and Shopin's business plans and ability to expand awareness of its business. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include general economic, market or business conditions, including the general acceptability of blockchain, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary TSX Venture Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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.

FOR ADDITIONAL INFORMATION CONTACT: Block One Capital Inc.Office: 604-398-4485; email: info@blockonecap.com