CurrencyWorks Responds to NFT Boom with Additional Investment in its Zer00™ Low Carbon Crypto Mining Platform

Los Angeles CA, August 24, 2021. CurrencyWorks Inc. (“CurrencyWorks” or the “Company”), (CSE: CWRK  and OTCQB: CWRK), a full service blockchain platform provider, is pleased to announce that it is investing  an additional $850,000 in its revolutionary Zer00crypto mining platform in the form of a services and loan  agreement with Fogdog Energy Solutions inc. (“Fogdog”) 

As of July 2021, it was being widely reported in the media that the blockchain based NFT market was now  worth approximately $2.5 billion USD worldwide, up from sales of just $13.7 million recorded in the first half  of 2020. (July 6, 2021 Reuters) 

In response to the inquiries and demand for its NFT sales and trading platforms, CurrencyWorks announced  partnerships with Barrett-Jackson for the development of the Motoclub.io, the premier NFT and digital  collectible site for car enthusiasts and the development of the VUELE, a global NFT feature-length  distribution platform in partnership with Enderby Entertainment.  

As part of the CurrencyWorks blockchain platform, it’s Zer00crypto mining solution has been designed  as an answer to the increasing demand for blockchain based innovations and the importance of reducing  the environmental impact required in building environmentally sustainable blockchain technologies and  solutions.  

Zer00™ is a fully scalable system that will use the thermal treatment (non-burning) of Industrial and  Municipal Solid Waste (IMSW) to generate the energy needed to power cryptocurrency mining operations  in an environmentally friendly and sustainable way, which will also benefit communities by reducing the  demand for landfill to manage the disposal off IMSW. 

“CurrencyWorks is committed to providing leading-edge waste management solutions to help provide a  creative solution to enable the reduction of the environmental impact within the blockchain space. Creating  environmentally responsible energy from IMSW, is just the beginning of helping ensure a low carbon  footprint and a zero-energy cost Crypto mining solution.” said Cameron Chell, CurrencyWorks Executive 

Chairman.  

You can learn more about CurrencyWorks’ Zero-Cost Energy Crypto Mining Solution here:  http://www.currencyworks.io/zer00 

The Company will be providing its technology development partner an advance of $850,000 (the “Loan”) to  Fogdog pursuant to a loan agreement with Fogdog dated August 20, 2021. Provided that the Company is  using such power to develop and operate cryptocurrency mining operations, Fogdog will provide the  Company with free of charge access to the electricity power generated from any clean electricity power  generation thermal units built and operated by Fogdog in Canada or the United States. 

The Company has agreed to grant to Fogdog share purchase warrants (the “Warrants”) to acquire up to  250,000 common shares of the Company with the exercise price equal to the market price of the common  shares of the Company on the day prior to the grant of the Warrants. The Warrants will vest and become  exercisable upon repayment in full of the Loan and will expire within five years from the date of issue. 

The Loan bears interest at the rate of ten percent per annum, calculated daily, not in advance, as well after  as before maturity, default and judgment on the basis of a 365 (or in the case of a leap year 366) day year  based on the actual number of days elapsed, on a nominal rate basis and without allowance or deduction 

for deemed reinvestment or otherwise with respect to any amounts from time to time paid to our company  on account of interest under the Loan. 

On the date that is 365 days after the date of advance, Fogdog will pay to the Company an amount equal  to the first year of accrued and unpaid interest on all principal amounts outstanding on the Loan.  Commencing on the date that is 365 days after the date of advance, on the first day of each month Fogdog  agrees to pay to the Company an equal monthly payment of principal (in the amount amortized over 5  years) and a monthly payment of interest on such principal amount of the Loan. Unless demanded or  otherwise due earlier, all obligations are due and payable on August 20, 2027. 

The Loan is secured by a charge on all of the assets owned by Fogdog pursuant to a general security  agreement dated August 20, 2021 between the Company and Fogdog.

About CurrencyWorks

CurrencyWorks Inc. (CSE: CWRK and OTCQB: CWRK) is a publicly-traded company that builds and operates a full-service blockchain platform.

For more information on CurrencyWorks, please visit us at www.currencyworks.io. For additional investor info visit www.currencyworks.io or www.sedar.com and www.sec.gov searching CWRK.

Media Contact
Arian Hopkins
[email protected]

Company Contact
Bruce Elliott, President
Phone: 424-570-9446
[email protected]

Disclaimer for Forward-Looking Statements 

This news release contains “forward-looking statements.” Statements in this news release that are not  purely historical are forward-looking statements and include any statements regarding beliefs, plans,  expectations or intentions regarding the future. Such forward-looking statements include, among other  things: that the Company will develop a Zer00crypto mining platform; that Fogdog will construct and  implement the electricity power generator thermal unit; that the thermal unit will produce sufficient power  per day to operate the Company’s Zer00crypto operations; and that the Company’s Zer00crypto  operations will be developed and become operational.  

The material assumptions supporting these forward-looking statements include, among others, that there  will be no material variations in current regulatory environments in which the Company operates; the  perceived benefits from the Company’s blockchain solutions will be as expected; that the Company will  purchase cryptocurrency mining machines; and the Company will be able to obtain any necessary financing  on acceptable terms. Although management considers these assumptions to be reasonable based on  information currently available to it, they may prove to be incorrect. These forward-looking statements are  only predictions and involve known and unknown risks, uncertainties and other factors, including: the risk  that Fogdog will not be successful in developing its thermal power generation will or that such unit will be  commercially available; the risk that the Company will not be able to purchase cryptocurrency mining  machines at all or at reasonable prices; the risk that the Company will be unable to efficiently build the  blockchain solutions; the risk that there may be negative changes in general economic and business  conditions; the risk that the Company may have negative operating cash flow and not enough capital to  complete the blockchain solutions; the risk that the Company may not be able to obtain additional financing  as necessary; the risk that there may be increases in capital and operating costs as a result of working on  the blockchain solutions; the risk that the blockchain solutions may be subject to fraud and other failures;  the risk that there may be technological changes and developments in the blockchain that make the 

blockchain solutions obsolete; risks relating to regulatory changes or actions which may impede the  development or operation of the blockchain solutions; the risk that other competitors may release similar  blockchain solutions; and other general risks involved in the blockchain solutions. 

Any of these risks may cause the Company’s actual results, levels of activity, performance or achievements  to be materially different from any future results, levels of activity, performance or achievements expressed  or implied by these forward-looking statements. Further, although the Company has attempted to identify  factors that could cause actual results, levels of activity, performance or achievements to differ materially  from those described in forward-looking statements, there may be other factors that cause results, levels  of activity, performance or achievements not to be as anticipated, estimated or intended. These forward looking statements are made as of the date of this news release, and the Company assumes no obligation  to update the forward-looking statements, or to update the reasons why actual results could differ from  those projected in the forward-looking statements, except as required by applicable law, including the  securities laws of the United States and Canada. Although the Company believes that any beliefs, plans,  expectations and intentions contained in this news release are reasonable, there can be no assurance that  any such beliefs, plans, expectations or intentions will prove to be accurate. The Company does not assume  any liability for disclosure relating to any other company mentioned herein.

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