Mr. Akshay Sood reports

DYNAMITE BLOCKCHAIN TO ACQUIRE MPWR TOKENS

Dynamite Blockchain Corp. has entered into an asset purchase agreement, dated Oct. 2, 2025, to acquire 10 million mPWR utility tokens in an arm's-length transaction from a group of vendors in consideration for five million common shares of the company at a deemed price of 7.5 cents per share and $50,000 to be paid in cash, for aggregate deemed consideration of $425,000.

An acquisition with intended built-in utility

The acquisition will expand Dynamite's digital asset holdings into the emerging-market mobile phone and digital finance segments, without the significant capital expenditures typically required to gain exposure to these market segments. The company is taking a strategic stake in mPWR tokens prior to the widely anticipated launch of mPWR Inc.'s mPWR phone, which is planned to be the cornerstone of the mPWR ecosystem. As part of the mPWR strategy, users of the mPWR phone will be required to pay all their fees using only the mPWR token, with the intent to create built-in utility to the mPWR token while aggressively marketing the mPWR phone in emerging markets. The company believes that the launch of the mPWR phone will not only serve as a catalyst for growth in the value of the mPWR token but also as a potential user base for the products and services in Dynamite's blockchain ecosystem.

How mPWR fits into Dynamite's blockchain ecosystem

Beyond being part of its holdings division, the company intends to vertically integrate mPWR's phone and token into its entire blockchain ecosystem. The company will initially seek to achieve this by investigating a fit for the company's revamped IMME wallet -- which is expected to be rebranded and launched later this year -- onto the mPWR phone. The company further believes that there is a natural synergy between the mPWR phone and the Dynamite blockchain ecosystem since many of the company's products and services could potentially be embedded directly into the phone in a similar fashion to the IMME wallet. This would potentially result in a win-win for both Dynamite and mPWR as the company could benefit from increased users of its products and services while mPWR could benefit from expanded offerings for its phone. Furthermore, this collaboration could strengthen demand for the mPWR token, which would benefit both parties.

Closing conditions

Completion of the acquisition is subject to customary conditions, including Canadian Securities Exchange acceptance, the company's board approval and delivery the of the mPWR tokens by the vendors.

About Dynamite Blockchain Corp.

Dynamite Blockchain is a blockchain technology and infrastructure company focused on building shareholder value through its blockchain ecosystem strategy, which comprises three primary divisions: holdings, products and services. The holdings division is the foundation, which focuses on acquiring utility-driven tokens that combine scarcity with real-world adoption and monetization. The products and services divisions are intended to drive utility into the digital assets in the holdings division by the development and acquisition of products and services that will be compatible with the digital assets in the company's holdings division. Working in strategic harmony, the vertically integrated blockchain ecosystem not only offers shareholders ownership in rare and unique digital assets but also provides them with a unique investment vehicle that has utility generation built into its business model.

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