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Neptune Expands Bitcoin Mining Operations Through a Partnership with Luxor Technology Corporation

Vancouver, British Columbia–(May 26, 2021) – NEPTUNE DIGITAL ASSETS CORP. (TSXV: NDA) (OTC: NPPTF) FSE: 1NW) (“Neptune” or the “Company”) is pleased to announce that it has entered into a hashrate management agreement with Luxor Technology Corporation (Luxor). In this partnership, Neptune and Luxor will jointly work on hardware sourcing, mining machine hosting, and physical and virtual management of rigs, while utilizing Luxor’s proprietary mining pool technologies. This agreement enables Neptune to grow its North American Bitcoin mining operations by outsourcing critical hands-on expertise in order to keep internal costs and headcount as low as possible. The Company expects additional ASIC mining machines to come online through this partnership in the next 90 days, while it carefully navigates ASIC price swings during volatile Bitcoin moves.

“We are pleased to launch our initiative with Luxor in the United States and look to grow that relationship and our associated mining operations in the coming weeks and months”, stated Cale Moodie, Neptune’s Chief Executive Officer. “We are excited to leverage Luxor’s deep expertise in Bitcoin mining, ASIC markets, hashrate management, and pool services to build a highly profitable mining program. Neptune is positioned extremely well given $40M in capital was raised towards the near-term market top and now we can secure assets at much lower prices. The market timing has worked in our favor and we reiterate to our shareholders, that in this sector, patience pays off.”

“Luxor is very excited to work with Neptune on growing its mining operations. Neptune’s professional team will combine with our experience in hashrate management and pool services to allow us to maximize hashrate earnings, creating a mutually beneficial relationship,” stated Ethan Vera, Luxor COO.

At the time of this release, Neptune’s staking operations currently generates $360,000 per month and Neptune currently holds $47.1M in cash and digital assets. The Company now holds 100 BTC, 270 ETH, 141,000 ATOM, 2,055 DASH, 1,439,481 FTM, and positions in LTC, DOT, BCH, Stellar, NEO, OMG, and QTUM; as well as its investment in the Protocol Quant Fund. The Company has 298 ASIC S17 Bitcoin mining machines currently hosted with Link Global Technologies.

About Neptune Digital Assets Corp.

Neptune Digital Assets aims to be a cryptocurrency leader with diversified assets and cryptocurrency operations across the digital asset ecosystem including bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi) and associated blockchain technologies.

About Luxor Technology Corporation

Luxor is a fast-growing technology company that is shaping the future of hashrate as a commodity, building the next-generation digital pipelines for computer power. Luxor is backed by notable investors such as Argo Blockchain, Bitnomial, Celsius Network, Routemaster Capital, and more. Luxor also runs Hashrate Index, the leading crypto-mining data website.

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX ‎Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, the anticipated total hash rate of the S17 Bitcoin mining machines; the completion of Pure Digital Power Corp.’s renewable powered Bitcoin mining facility; the future scaling of the Company’s Bitcoin mining operations; the Company’s ability to grow and optimize its proof of stake operations; the Company’s future earnings and operating costs; the Company’s future growth in total assets; the Company’s strategy to purchase crypto currency and optimize its crypto portfolio; the Company’s ability effectively dollar cost average its purchases of crypto currency; and the future outlook of the crypto currency market generally. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

Neptune Commences Bitcoin Mining Operations and Provides Corporate Update

Vancouver, British Columbia — (April 28, 2021) – NEPTUNE DIGITAL ASSETS CORP. (TSXV: NDA) (OTC: NPPTF) (FSE:1NW) (“Neptune” or the “Company”) is pleased to announce that Neptune’s initial purchase of 300 Bitmain S17 Bitcoin mining machines have landed in Calgary, Alberta, have been thoroughly tested and are now being installed within Link Global Technologies’ hosting facilities and will be generating a total hash rate of 15,512 Terahash per second (Th/s). The Company will provide further updates as to the machine economics over the coming weeks and as more machines are received and come online.

Neptune is also pleased to share these additional operational and financial highlights:

Neptune is currently generating approximately $400,000 per month in staking earnings.
Neptune’s balance sheet now has $53M in cash and digital assets.
The Company now holds 91 BTC, 236 ETH, 139,800 ATOM, 2,042 DASH, 1,439,481 FTM, and smaller investments in LTC, BCH, Stellar, NEO, OMG, and QTUM.
The Company’s initial investment of $250,000 in the Protocol Quant fund is now valued at $2.34M based on the Protocol Quant report on March 31, 2021.
Neptune and Link Global have selected two potential sites for Pure Digital Power Corp. to build out it’s renewable powered Bitcoin mining facility.
Neptune’s 50% owned Pure Digital Power Corp. has signed a non-binding LOI for up to 20 MW of solar power at fixed rate pricing.

Neptune’s President and Chief Executive Officer, Cale Moodie, commented: “We are thrilled to inform our shareholders that we have now commenced Bitcoin mining operations. We will push forward to expand our aggregate operating hash rate as mining rigs become available now that we are well capitalized to do so. We remind our shareholders that COVID-19 may impact the logistics and supply of mining units. We are also very pleased with the profits being generated in our proof-of-stake operations and will continue to grow and optimize that business segment.”

Neptune is also pleased to announce that it has granted stock options to certain directors, officers and employees of the Company to purchase an aggregate of 4.2M common shares pursuant to the Company’s share compensation plan with an exercise price of $1.03 per common share. The stock options are exercisable for 10 years from the date of grant.

About Neptune Digital Assets Corp.

Neptune Digital Assets aims to be a cryptocurrency leader with a diversified portfolio of investments and cryptocurrency operations across the digital asset ecosystem including bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (defi) and associated blockchain technologies.

ON BEHALF OF THE BOARD

Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com

Forward-Looking Statements

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Neptune Digital Closes Cdn$40 Million Institutional Capital Raise to Accelerate Growth

VANCOUVER, British Columbia, April 16, 2021 — Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (the “Company”) is pleased to announce that it has closed its previously announced sale to U.S. and foreign institutional investors of its common ‎shares (“Common Shares”) and warrants to purchase Common Shares (“Warrants”) for aggregate ‎gross proceeds to the Company of approximately Cdn$40 million (the “Private Placement”). ‎Pursuant to the Private Placement, the Company issued 29,630,002 Common Shares and Warrants to ‎purchase up to 14,815,001 Common Shares at a purchase price of Cdn$1.35 per Common Share and ‎associated half Warrant. Each whole Warrant entitles the holder thereof to purchase one Common ‎Share at an exercise price of Cdn$1.75 per Common Share at any time on or before April 16, 2024 ‎‎(totaling another approximately Cdn$26 million once exercised)‎.

‎“We are very pleased to complete this equity financing well above our 20-day volume weighted average price. We have held back from doing any major financing since 2018 in order to minimize dilution to our shareholders. This equity financing marks an important milestone in the growth trajectory for Neptune and this capital will enable Neptune to rapidly advance its business plan, substantially grow our earnings and pursue a variety of new and exciting projects in both proof-of-stake and proof-of-work mining. We are also very pleased to expand our ‎institutional shareholder presence in the United States and abroad”, commented Cale Moodie, President and CEO, who managed this process for Neptune.‎

H.C. Wainwright & Co. acted as the exclusive placement agent for the Private Placement.‎

H.C. Wainwright & Co. received (i) a cash commission of approximately Cdn$2.8 million (equal to ‎‎7.0% of the gross proceeds of the Private Placement) and (ii) 2,222,250 non-transferable ‎compensation warrants (the “Agent Warrants”). Each Agent Warrant entitles the holder thereof to ‎purchase one Common Share at an exercise price of Cdn$1.6875 per Common Share at any time on or ‎before April 16, 2024.‎

The Company intends to use the net proceeds of the Private Placement to fund the development of a 5MW clean tech Bitcoin mining facility (i.e., negotiate property leases, purchase mining hardware, purchase containers for mining equipment, negotiate power purchase agreements with renewable energy providers and build out facilities and power infrastructure), to complete one or more purchases of Bitcoin mining ‎servers over the course of 2021‎, to invest in proof-of-stake mining (such as blockchain infrastructure and their ‎associated token ecosystems) and for ‎working capital and general corporate purposes. Details as to the intended specific allocation of the proceeds are ‎disclosed in the Prospectus Supplement referred to below and further business development ‎announcements will be made by Neptune in due course as they arise.‎

The Common Shares and Warrants issued under the Private Placement were qualified by way of a ‎prospectus supplement dated April 14, 2021 under the Company’s base shelf prospectus dated ‎April 12, 2021 (collectively, the “Prospectus Supplement”) which was filed in the province of British Columbia, copies of which are available under the Company’s profile at ‎www.sedar.com.

The Common Shares‎ and Warrants were offered and sold in the United States on a private placement basis pursuant to ‎exemptions from the registration requirements of the United States Securities Act of 1933, as ‎amended (the “U.S. Securities Act”) and all applicable state securities laws, and in certain other ‎jurisdictions in accordance with applicable securities laws. No securities were offered or sold to ‎Canadian purchasers.‎ The Private Placement remains subject to the final acceptance of the TSX Venture Exchange.

The securities issued under the Private Placement are subject to resale restrictions in the United States ‎under applicable U.S. federal and state securities laws with no resale restrictions in Canada.‎

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall ‎there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be ‎unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This ‎news release shall not constitute an offer of securities for sale in the United States. The securities ‎being offered have not been, nor will they be, registered under the U.S. Securities Act and such ‎securities may not be offered or sold within the United States absent registration under U.S. federal ‎and state securities laws or an applicable exemption from such U.S. registration requirements.‎

About Neptune Digital Assets Corp.

Neptune Digital Assets is a cryptocurrency and digital finance leader with a diversified portfolio of investments and cryptocurrency operations across the digital asset ecosystem including Bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi), and associated blockchain technologies.

ON BEHALF OF THE BOARD
Cale Moodie, President and CEO
Neptune Digital Assets Corp.
1-800-545-0941
www.neptunedigitalassets.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans”, “proposes” or similar terminology. Forward-looking statements and information include, but are not limited to, the future exercise of the Warrants and Agent Warrants; the rapid advancement of the Company’s ‎business plan; the future growth of the Company’s earnings;‎ the use of the net proceeds of the Private Placement including the future development of a 5MW clean tech Bitcoin mining facility,, the purchase of one or more ‎ Bitcoin mining servers, Proof-of-Stake investments and general and administrative expenses; the completion of one or more purchases of Bitcoin mining servers over the course of 2021‎; the anticipated timing for the Company receiving ASIC Bitcoin mining machines; the Company’s agreement with third-parties with respect to developing a 5MW clean tech Bitcoin mining facility, including with respect to the anticipated power supply therefor; the final acceptance of the Private Placement by the TSX Venture Exchange; and the potential for Neptune becoming a cryptocurrency leader‎. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the inherent risks involved in the cryptocurrency and general securities markets; the Company’s ability to successfully mine digital currency; revenue of the Company may not increase as currently anticipated, or at all; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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