Mr. Angus Campbell reports

BLOK DIGITAL COMPLETES NON-BROKERED PRIVATE PLACEMENT

On Jan. 9, 2026, Blok Digital Ltd. completed its previously announced non-brokered private placement for aggregate proceeds of $414,397.10. In connection with the private placement, 3,187,670 common shares of the company were issued at a price of 13 cents per common share.

The company intends to use the net proceeds of the private placement to pursue the acquisition of assets, combination with a business, and/or development and launch of a business that would enable its return to the TSX Venture Exchange, as well as for general corporate and working capital purposes.

The common shares issued in connection with the private placement are subject to a four-month hold period from the closing of the private placement, in accordance with applicable securities laws.

Subject to the final review by the NEX board of the TSX Venture Exchange, the company has agreed to pay a cash finder's fee of $13,799.99 to Haywood Securities Inc. in respect of the aggregate sales to subscribers under the private placement that were introduced by Haywood.

We seek Safe Harbor.