Blockchain Power Announces Change of Auditor

TORONTO, April 09, 2019 (GLOBE NEWSWIRE) -- Blockchain Power Trust ("Blockchain Power" or the "Trust") BPWR today announced that the board of directors of Blockchain Power Administrator Inc., as administrator of the Trust, has appointed BDO Canada LLP as the Trust's new auditor, replacing MNP LLP. The Trust has filed a Notice of Change of Auditor in respect of this change under its profile on SEDAR at www.sedar.com.

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About Blockchain Power

The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Trust seeks to provide investors with long-term, stable distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of operational assets, which generate electricity from renewable energy sources, with a focus on solar and hydro power. The Trust intends to qualify as a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax Act"). The Trust will not be a "SIFT trust" (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any "non-portfolio property" (as defined in the Tax Act). All material information about the Trust may be found under Blockchain Power's issuer profile at www.sedar.com.

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