Blockmate Ventures Inc.: Important Notice to Shareholders

LONDON and AMSTERDAM, June 16, 2022 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (the “Company”) (TSX.V: MATE) (FSE: 8MH1) Director Mr. Domenico Carosa of Amsterdam, the Netherlands, declares that he controls and directs more than 6,365,000 ordinary shares of the Companyrepresenting approximately 10.02%.

Dominet BV, a holding company controlled by Mr. Carosa, acquired control and direction of over 100,000 common shares of the Company through an acquisition on the TSX Venture Exchange. The shares represent approximately 0.2% of the issued and outstanding common shares of the Company and were acquired at a price of C$0.11 per share.

Following the acquisition, Mr. Carosa has control and direction over 6,365,000 common shares of the Companyrepresenting approximately 10.02% of the issued and outstanding ordinary shares of the Issuerof which 215,000 shares are held by Dominet BV and 6,150,000 shares are held by Carosa Corporation BV, two holding companies controlled by Mr. Carosa.

Mr. Carosa acquired the securities for investment purposes and, as indicated in the attached Early Warning Report, may in the future acquire or dispose of securities of the Company, through the market, by private or otherwise, depending on circumstances or market conditions.

A copy of the alert report filed with the applicable securities authorities regarding the above acquisition is available on SEDAR (www.sedar.com).

The publication of this press release does not constitute an admission that any entity named in the press release owns or controls the securities described or is a joint actor with another named entity.

About Blockmate Ventures Inc.
Blockmate Ventures is a Web3 business incubator/builder focused on businesses that use blockchain technology and decentralization to provide greater utility, accessibility, and sustainability around everyday services. By working with potential founders, incubating projects can benefit from the Blockmate ecosystem which offers technologies, services, integrations, digital assets and guidance to accelerate project incubation to monetization.

Blockmate Ventures’ management team has successfully founded successful technology companies from the Dotcom era to the social media era and sees Web3 technology as the vehicle for a democratized future. Learn more about being a Blockmate at: www.blockmate.com. Watch the latest webinar at: https://www.blockmate.com/videos

Blockmate invites investors to join the company’s mailing list for the latest industry updates and research by signing up at: https://www.blockmate.com/subscribe

For more information or to obtain a copy of the early warning report relating to this transaction, contact:
Dom Carosa, CEO and President
https://twitter.com/dcarosa
Blockmate Ventures Inc.
dom@blockmate.com
https://www.linkedin.com/in/domeniccarosa/
(+1-888-218-6863)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information
This press release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements and are based on assumptions, expectations, estimates and projections as of the date of this press release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

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