Mr. Levy Cohen reports

WELLFIELD TECHNOLOGIES INC. PROVIDES CORPORATE UPDATE

Wellfield Technologies Inc. welcomes a new member of its board of directors, as part of its continuing efforts to enhance corporate governance and position itself for growth and success.

Ed Zabar has been appointed as an independent member of the board. Mr. Zabar is a serial entrepreneur and fintech executive with over 25 years in technology, finance and management. He founded and served as chief executive officer of Verif-y Inc. (since 2017), a privacy-focused digital identity verification platform that enables secure credentialing and onboarding for financial services, governments and enterprises.

Mr. Zabar co-founded and exited two tech start-ups (Solve and Vglue), and worked as a consultant at PwC and Goldman Sachs, then executive vice-president at ViewTrade Securities, while significantly growing their revenues. Mr. Zabar also held managing director roles at National Capital Companies and Oberon Securities (also chief operating officer/chief technical officer), and head of TMT at Fairmount Partners, specializing in M&A (merger and acquisition) and financing for tech/media firms. Mr. Zabar also served as the chief executive officer of Switch Concepts (U.K. digital ad firm), restoring profitability and preparing for sale.

Mr. Zabar holds an MBA from Columbia Business School and BS in finance/IT (information technology) from NYU Stern.

Mr. Zabar has been appointed by the board to serve as a director of the company, as well as the chair of the audit committee of the board until the next annual meeting of shareholders of the company.

The company also announces that Neal Sample has resigned as chair and a director of the board. The board thanks Mr. Sample for his service.

About Wellfield Technologies Inc.

Wellfield Technologies is a leading fintech company specializing in innovative solutions leveraging blockchain technology. The company's platform, Coinmama, provides seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. Wellfield Technologies offers disruptive on-chain and Web 3 secure and friendly self-custody solutions through Coinmama. Additionally, Wellfield Technologies operates Tradewind Markets platform to digitize and trade real-world assets, including the company's flagship VaultChain Gold and VaultChain Silver products.

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