Cryptobloc Technolgies Clarifies News Release Letter of Intent to Acquire 5000 Cryptomining Machines

VANCOUVER, British Columbia, April 27, 2018 (GLOBE NEWSWIRE) -- Cryptobloc Technologies Corp. ("Cryptobloc" or the "Company") CRYP CRYBF (Frankfurt Stock Exchange:GR9), at the request of IIROC, Cryptobloc Technologies would like to further clarify the details of the Letter of Intent with Milson, the agreement includes a base average price of $1400 USD for the Cryptomining units; however, there will be discounts and incentives for bulk purchasing. The agreement will be completed in multiple tranches beginning with an initial order of no less than 400 Avalon 821 and/or Avalon 841 machines purchased with an allocation of company shares to be completed in the next 4 weeks. Following the successful delivery and setup of the first order, future orders will be completed with a mix of cash and/or shares. The exact mix will be determined as future financing options are explored. The agreement envisions an estimated 8 to 12 orders to be completed over the next 12 months.

As per the Letter of Intent - the terms for the first order are still being finalized; however, both parties agree that an allotment of shares equaling the principle value of the equipment plus 20% will be used to secure the machines. Repayment terms for the principal and interest will be dependent on the value of Bitcoin, and thus the efficacy of the machines, over a 12-month period.

About Cryptobloc Technologies Corp.

Based in Vancouver, BC - Cryptobloc Technologies Corp. is focused on developing and implementing Blockchain, Distributed Ledger, Closed Loop, and Cryptocurrency services for Government and commercial partners. Cryptobloc is committed to developing innovative and disruptive solutions that constantly improve active business practices for our partners.

Cryptobloc Technologies Corp. is a public company, traded in Canada, U.S. and Germany under the symbols CSE:CRYP, OTCMKTS:CRYBF, and FRA:GR9.

On behalf of the Board of Directors
Neil Stevenson-Moore, CEO

Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, www.cryptobloctech.com

Contact: Neil Stevenson-Moore
Email: neilsm@cryptobloctech.com
Website: www.cryptobloctech.com

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including in regards to the expected benefits of the Company's acquisition of 1Linx, completion of the Financing, CSE acceptance of the Listing Statement, completion of the Company's name and symbol change, the Company's ability to provide clients with cutting edge security and process development software and the hope that such offerings will increase its partner profit margins and decrease such partners' liability. Although the Company's management believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward- looking information because the Company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.