Vancouver, BC, May 29, 2025 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (CSE: SPIR) (“Spirit” or the “Company”), a publicly traded investment firm specializing in blockchain infrastructure and digital asset yield solutions, announces key milestones and unaudited financial results for the quarter ending March 31, 2025. **Q1 2025 Highlights:** - **LIFE Offering Completion:** In February 2025, Spirit closed a CAD $2. 11 million Listed Issuer Financing Exemption Offering to enhance its balance sheet and extend operational runway. - **Cash Position:** The company ended the quarter with CAD $1, 118, 585 in cash and cash equivalents, up from CAD $929, 194 at 2024 year-end, and maintained a working capital surplus of CAD $729, 781. - **Debt Conversion:** Spirit converted the entire EOS tranche of convertible debentures ($1, 105, 024 CAD) into equity, removing associated interest and derivative liabilities. - **Product Launch:** On March 27, Spirit Digital AG launched two regulated exchange-traded products—Spirit Ethereum Yield+ ETP and Spirit Solana Yield+ ETP—on SIX Swiss Exchange and Deutsche Börse, offering regulated vehicles for ETH and SOL staking strategies. - **U. S. Market Upgrade:** On April 22, 2025, the company upgraded its listing to the OTCQB® Venture Market under ticker “SBLCF, ” improving accessibility for U. S. investors. - **Leadership & Partnerships:** Inder Saini was appointed CFO to strengthen financial oversight, and Spirit entered a strategic partnership with Astralane to develop a Staked SOL Index. Lewis Bateman, CEO, stated, “Our Q1 achievements demonstrate consistent progress in financing, product launches, and operations.

With a reinforced balance sheet and clear execution milestones, we remain focused on delivering institutional-grade blockchain solutions and increasing shareholder value. ” **About Spirit Blockchain Capital** Spirit Blockchain Capital Inc. is a Canadian publicly traded company offering shareholders exposure to blockchain and digital assets via three verticals: infrastructure yield, blockchain investments, and regulated exchange-listed products. The company maintains a diversified digital asset portfolio, invests in emerging blockchain ventures, and develops proprietary yield-generation platforms. **Investor Contact:** Investor Relations Spirit Blockchain Capital Inc. ir@spiritblockchain. com **Forward-Looking Statements** This release contains forward-looking statements under applicable securities laws, identified by terms such as “expect, ” “anticipate, ” “believe, ” and similar expressions. These statements are based on key assumptions and subject to risks and uncertainties that may cause actual results to differ materially. Readers should not place undue reliance on these statements. Detailed risk factors are described in the Company’s August 8, 2022, long-form prospectus available at www. sedarplus. ca. The Company disclaims any obligation to update these statements except as required by law. The Canadian Securities Exchange has neither reviewed nor approved the content of this news release.