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eXeBlock Letter of Intent to Acquire SCI and NRES Cancelled

Newsfile Corp.

Halifax, Nova Scotia--(Newsfile Corp. - December 2, 2019) - eXeBlock Technology Corporation (CSE: XBLK) (the "Company") (listed on the Canadian Securities Exchange - Trading Symbol: XBLK) announces that its Letter of Intent to acquire the shares of SCI Resource Software Inc. ("SCI"), a privately-held software development company, and certain assets of NaturalResource.ca from Media Logic Inc. ("NRES") (collectively, the "Transactions") has been cancelled due to the Company, SCI and NRES not being able to reach mutual agreement on terms under a definitive binding agreement for the Transactions.

For further information, please contact:

Ken Marshall, President & CEO
Phone: (709) 351-4429

ON BEHALF OF THE BOARD OF DIRECTORS

Ken Marshall
President & CEO

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50278