Ocean Falls Blockchain Adds Steve Guan and Dr. William Schmachtenberg to its Board of Advisors

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Vancouver, British Columbia--(Newsfile Corp. - June 30, 2022) - Ocean Falls Blockchain Corp. ("OFB" or the "Company") is proud to announce two new members have been appointed to its Board of Advisors, Steve Guan and Dr. William F. Schmachtenberg.

"Both Steve [Guan] and Dr. Schmachtenberg bring significant value as new members of the board of advisors. Together they have a wealth of experience and decades of knowledge in their respective fields. We are excited and honoured to have such respected members join the Ocean Falls team."

Guan is a software and big data engineering lead at The Walt Disney Company. He brings over 20 years of data management experience across a range of industries, including entertainment, electronics, education, software development, and consumer products. His valuable experience and expertise will be utilized primarily for strategic guidance in the development and implementation of blockchain-specific applications for OFB.

Guan stated, "I am delighted to join such a dedicated and hard-working team as Ocean Falls and feel that I can provide leadership, mentoring, and strategic guidance to effectively architect a future suite of high-level blockchain applications."

Schmachtenberg is joining as an advisor to provide professional guidance to the Company. He is a Ph.D.-level paleontologist that specializes in invertebrates. He taught vertebrate paleontology at Ferrum College, and he is a research associate at Virginia Tech.

Schmachtenberg works with vertebrate paleontologists at the Maryland State Dinosaur Park and the Virginia Museum of Natural History. He is also the founder and CEO of Educational Virtual Worlds.

"I am excited to see where Ocean Falls is going with science simulations. Virtual reality and Web 3.0 technologies appear to be stepping stones in evolving how mankind learns, engages, and interacts in terms of education. It is immersive learning," said Schmachtenberg.

Schmachtenberg has developed virtual reality science simulations for the National Park Service Grand Canyon Centennial celebration and for festivals at the Virginia Museum of Natural History.

With the additions of Guan and Schmachtenburg, Ocean Falls' Board of Advisors now consists of 11 members across a wide range of industries and expertise.

About Ocean Falls Blockchain Corp.
Ocean Falls is a Canadian blockchain technology company that operates a 2MW-plus, clean energy-powered cryptocurrency mining farm in historic 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
oded@oceanfalls.com

Forward-Looking Statements

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. 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/129523

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