Mr. Geoff Balderson reports

DIGITAL ASSET TECHNOLOGIES ANNOUNCES SETTLEMENT AGREEMENT WITH FORMER AUDITOR

Digital Asset Technologies Inc. has entered into a settlement agreement with its former auditor for settlement and termination of a notice of civil claim filed by the auditor in the Supreme Court of British Columbia.

Pursuant to the agreement, the company will pay the auditor $65,000 in cash, payable in five equal instalments of $13,000 each, and will issue 1,917,967 common shares of the company at a deemed price of two cents per settlement share, as approved by the Canadian Securities Exchange, representing an aggregate value of approximately $38,359.

The settlement shares will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the CSE.

The agreement contains standard confidentiality provisions, and does not include any admission of liability or fault by either party. The agreement resolves all claims asserted in or arising from the claim. No further details regarding the settlement will be disclosed. The agreement and the issuance of the settlement shares are subject to certain conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the CSE.

About Digital Asset Technologies Inc.

Digital Asset is a publicly traded investment issuer focused on identifying and making equity investments in global companies that are developing and commercializing technology.

We seek Safe Harbor.