Ocean Falls Blockchain Engages Award-Winning Planning and Design Firm to Explore Digital Twinning Initiative

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2022) - Ocean Falls Blockchain Corp. ("OFB" or the "Company") is pleased to announce it has engaged award-winning planning, urban design and landscape architecture firm, Fotenn, to explore the design and virtual recreation of a digital twin of OFB's B.C. facility.

"We are excited at the opportunity to bring our land use planning and urban design expertise to the forefront and to collaborate with Ocean Falls. Our shared goal of implementing a strong virtual environment for all users has enriched our joint efforts," said Ute Maya-Giambattista, Principal at Fotenn Planning + Design.

Fotenn is an award-winning firm with extensive experience in real-world land-use planning and urban design

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This initiative will strengthen OFB's offering to its hosted clients. Fotenn will work with the Company to help design a digital replica of Ocean Falls' mining facility where clients will be able to view and manage their hardware in a virtual environment.

In this virtual setting, hosted miners will be able to view critical information like their unit's running temperature, perform reboots, shutdowns, and other diagnostic procedures through controls connected via an API to their real-world counterparts.

"We are excited to be working with such an esteemed and renowned Canadian firm as Fotenn. Ocean Falls continues to work to bolster its mining operations to best support clients, and this includes creating cutting edge tools that make hosting with Ocean Falls Blockchain easier and more convenient," said Oded Orgil, CEO at OFB.

Fotenn has extensive experience in real-world land-use planning and urban design, working on projects such as the Glen Abbey Master Plan in Oakville, the Tannery District in Cobourg, ON, Gibbard District in Napanee, ON, and the 34-hectare Lock 18 Master Plan in Cornwall, ON, among other developments.

Ocean Falls will also explore a digital twinning application for golf courses in association with the Company's decentralized captive insurance solution, SuretyBlock. SuretyBlock aims to provide trade associations, organizations, and event organizers with the option to insure themselves against various liabilities using the power of blockchain technology to pool and distribute funds.

The first decentralized product from SuretyBlock, called Eagle1, will be launching this month. Eagle1 is a Hole-in-One insurance platform for the golf industry, making it easier, quicker, and more efficient for hole-in-one prizes to be obtained and issued on golf courses.

About Fotenn Planning + Design
Fotenn is an award-winning planning, urban design, and landscape architecture firm with offices in Ottawa, Kingston, and Toronto. Established in 1992, Fotenn is committed to a responsive and personal approach and to the honest and fair treatment of its clients and the communities in which it operates. Visit fotenn.com for more information.

About Ocean Falls Blockchain
Ocean Falls is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in the historic coastal town of Ocean Falls, B.C. Ocean Falls is also creating a new sustainable solution for the captive insurance industry. Visit oceanfalls.com for more information.

For further information, please contact:
Oded Orgil
Chief Executive Officer of OFB
[email protected]

Forward-Looking Statements

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to: offering of secure assets custody and management of funds, improvement of wallet security and custodial capabilities and future changes that may be implemented as a result of integration of the Fireblock Network and MPC protocols. These statements are based upon information currently available to OFB's management. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements may be identified by the use of terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and "should". Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of OFB based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and OFB does not provide any assurance that actual results will meet management's expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Although OFB has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking information. OFB does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127975