NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

BTL GROUP LTD. (TSX VENTURE:BTL) (“BTL”) announces a proposed non-brokered private placement of up to 1,000,000 equity units of BTL (“Equity Units”) at a price of CAD$2.70 per Equity Unit for gross proceeds of up to CAD$2,700,000 (the “Private Placement”).

Each Equity Unit will be comprised of one (1) common share of BTL and one-half of one (1/2) common share purchase warrant of BTL (a “Warrant”). Each whole Warrant will entitle the holder to acquire one (1) common share of BTL for a period of 24 months from the date of issuance of the Warrant, at an exercise price of CAD$3.25 per share.

The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws.

BTL intends to use the proceeds from the Private Placement in connection with acceleration of the development of Interbit, BTL’s proprietary blockchain platform and towards general and administrative expenses.

Guy Halford-Thompson, Co-Founder and Chief Executive Officer of BTL said, “The past year has seen our blockchain platform, Interbit, successfully tested and piloted by some of the world’s largest companies in finance and energy. We now need to take what we’ve achieved so far to the next level as we get closer to rolling out a commercial product. This will include expanding our business development team in the UK and technical team in Calgary. We are very excited about the future prospects of our Interbit platform and these new funds will greatly assist us with our expansion plans.”

BTL may pay a commission or finder’s fee to eligible parties in connection with the Private Placement, subject to the approval of the TSX Venture Exchange and compliance with applicable securities laws.

ABOUT BTL GROUP LTD.

Operating from both Canada and the UK, BTL offers blockchain solutions to businesses across multiple industries, in particular the finance, energy and gaming sectors. BTL has built prototypes that showcase the capabilities of its Interbit platform, a proprietary blockchain based interbank payment network and settlement and asset trading solution.

Interbit is an open, multi-chain, asset settlement platform with a suite of APIs and smart contracts that allow businesses from across the world to provide global access to fast, secure, and auditable financial and asset trading services.

With offices in Vancouver and Calgary, Canada and London, United Kingdom, BTL is positioning itself as a front-runner in the blockchain ecosystem, providing advice and knowledge to industry leaders.

Website: www.btl.co
Twitter: https://twitter.com/blockchainltd

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Private Placement and has neither approved nor disapproved the contents of this press release.

Certain statements in this release are forward-looking statements, which include completion of the proposed Private Placement, the anticipated use of the proceeds of the Private Placement, the development and launch of BTL’s technologies and products, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of BTL’s technologies and products, and other factors, many of which are beyond the control of BTL. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BTL disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BTL undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Not for dissemination in the United States of America)