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Corporate Update to the Postponement of Filing Annual Statements

Tortola, British Virgin Islands – Blockchain Holdings Ltd. (the “Company”) (CSE: BCX), today provides an update to the news release dated April 29, 2020, announcing the postponed filing of the Company’s annual consolidated financial statements, accompanying management's discussion and analysis, as well as related CEO and CFO certificates for the financial period ended December 31, 2019, (collectively “Annual Filings”) in accordance with Ontario Instrument 51-502 - Temporary Exemption from Certain Corporate Finance Requirements.

The Company confirms that it intends to continue to satisfy the alternative information guidelines found in National Instrument Policy 12-203 (Management Cease Trade Orders) also confirms that management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207.

Additionally, the Company confirms that as of the date hereof, it is not aware of any other material information concerning its affairs which has not generally been disclosed.

The Company continues to work with its auditors toward completing the Annual Filings by the extended filing deadline of June 15, 2020, as previously indicated.

About Blockchain Holdings

Blockchain provides investors and fund managers with unique insights into the growing ecosystem of crypto-assets. BCXdata.com captures and aggregates data from different blockchains for use and analysis with a clean and approachable API. With a portfolio of proprietary tools, Blockchain is giving users an institutional-grade analysis package that forms the basis for an extended suite of product offerings in the future.

For further information, please contact:

Wayne Lloyd, CEO

+1 604 629-9975

wayne@blockchainholdingsltd.com

Alan Tam, CFO

+1 604 377‐7575

alantamca@gmail.com

Disclaimer

The Canadian Securities Exchange has in no way approved or disapproved the contents of this newsrelease.

Statements in this news release may contain forward-looking statements that are based on TraceSafe’sexpectations, estimates and projections regarding its business and the economic environment in which itoperates, including with respect to expectations regarding the TraceSafe assets and their application,future business plans and relationships, future developments in respect of COVID-19 and solutions adoptedin response to the virus, and the deployment and acceptance of the TraceSafe technology. AlthoughTraceSafe believes the expectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of future performance and involve risks anduncertainties that are difficult to control or predict, including the suitability of our products to helpbusinesses and governments reopen, competition, the spread or containment of COVID-19 andgovernment responses thereto and general economic and market conditions. Therefore, outcomes andresults may differ materially from those expressed in these forward-looking statements and readers shouldnot place undue reliance on such statements. These forward-looking statements speak only as of the dateon which they are made, and TraceSafe undertakes no obligation to update them publicly to reflect newinformation or the occurrence of future events or circumstances unless otherwise required to do so by law.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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