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LONDON and AMSTERDAM, June 16, 2022 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (the “Company”) (TSX.V: MATE) (FSE: 8MH1) Director Mr. Domenico Carosa of Amsterdam, Netherlands reports he has control and direction over 6,365,000 common shares of the Company, representing approximately 10.02%.

Dominet B.V., a holding company controlled by Mr. Carosa, has acquired control and direction 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 Cdn$0.11 per share.

Following the acquisition, Mr. Carosa has control and direction over 6,365,000 common shares of the Company, representing approximately 10.02% of the issued and outstanding common shares of the Issuer, of which 215,000 shares are owned by Dominet B.V. and 6,150,000 shares are owned by Carosa Corporation B.V., both holding companies controlled by Mr. Carosa.

Mr. Carosa has acquired the securities for investment purposes and, as disclosed in the accompanying Early Warning Report, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.

A copy of the Early Warning Report filed with the applicable securities regulators regarding the above acquisition is available on SEDAR (www.sedar.com).

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

About Blockmate Ventures Inc.
Blockmate Ventures is a Web3 incubator/venture creator focussing on businesses that utilise blockchain technology and decentralization to provide greater utility, accessibility and sustainability around everyday services. Working with prospective Founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations, digital assets, and advisory to accelerate the incubation of projects towards monetization.

The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era and view Web3 technology as the vehicle for a democratised future. Learn more about being a Blockmate at: www.blockmate.com. Watch the latest webinar at: https://www.blockmate.com/videos

Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at: https://www.blockmate.com/subscribe

For further information or to obtain a copy of the Early Warning Report related to this transaction, contact:
Dom Carosa, CEO & President
https://twitter.com/dcarosa
Blockmate Ventures Inc
[email protected]
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 policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Forward-Looking Information
This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news 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 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 because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

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