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DMG Blockchain Solutions Provides Bi-Weekly Status Report

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VANCOUVER, British Columbia, Feb. 28, 2022 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSXV:DMGI) (OTC:DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, is providing this default status report pursuant to National Policy 12-203 – Cease Trade Orders for Continuous Disclosure (“NP 12-203”).

As announced in its press release dated January 28, 2020, the Company’s principal securities regulator, the British Columbia Securities Commission, granted a management cease trade order (the “MCTO”) effective as of January 31, 2022 under NP 12-203. As disclosed in the Company’s press release dated January 26, 2022, the Company was advised by its external auditors (the “Auditors”) that they will require additional time to complete its internal review and audit procedures for the Company’s financial year ended September 30, 2021 and consequently the Company had not filed the following continuous disclosure documents prior to the filing deadlines prescribed under National Instrument 51-102 –…

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