Mr. Cale Moodie reports

NEPTUNE EXPANDS AI AND ROBOTICS EXPOSURE WITH STRATEGIC INVESTMENT IN ATOMS

Neptune Digital Assets Corp. has invested in Atoms, an artificial intelligence and robotics company led by Travis Kalanick, co-founder and former chief executive officer of Uber Technologies Inc.

Atoms is developing intelligent machines and automation systems designed to perform productive work across the physical economy, with applications spanning transportation, mining, food production and other large industrial markets.

"AI is rapidly moving beyond software and into the physical world, creating opportunities to transform some of the world's largest industries," said Cale Moodie, president and chief executive officer of Neptune. "Atoms combines an exceptional founder with the technical ambition and capital required to pursue these opportunities at scale. For Neptune shareholders, this investment provides exposure to a high-quality private technology company at an important stage in its development."

Neptune's $500,000 (U.S.) investment was made as part of Atoms' previously announced $1.7-billion (U.S.) financing, led by Andreessen Horowitz. The investment was completed on an arm's-length basis.

The investment builds on Neptune's strategy of complementing its core digital asset operations with selective investments in private technology companies. The company continues to evaluate opportunities across artificial intelligence, computing and other emerging technologies.

About Neptune Digital Assets Corp.

Neptune Digital Assets is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi) and other associated cutting-edge technology. The company's unwavering commitment to innovation and strategic growth enables the company to continually explore new opportunities and maximize value for its shareholders.

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