Blockchain Foundry Inc. Announces Change of Auditor and Change to Board of Directors

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VANCOUVER, May 31, 2018 /CNW/ - Blockchain Foundry Inc. ("BCF") (CSE:BCFN) is pleased to announce that in connection with its previously announced reverse takeover, BDO Canada LLP was appointed as the auditor of BCF. There has been no reportable event (as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations) with the Company's former auditor, Jackson & Company Chartered Professional Accountants.

In addition, the board of directors of BCF has received and accepted the resignation of Mark Schnarr as a member of the board and wish him well in his future endeavours.

About Blockchain Foundry Inc.

Blockchain Foundry Inc. develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology in their businesses. Blockchain Foundry Inc. has developed a proprietary blockchain-based ecommerce solution, Blockmarket, which is a downloadable software application, and has begun development work on a web-based Blockmarket application. Blockchain Foundry Inc. has also added personnel in the area of corporate development and business development to explore other blockchain-based opportunities going forward.

The securities discussed herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

SOURCE Blockchain Foundry Inc.

Christopher Marsh, Chief Financial Officer, [phone]