Netcents Technology Inc NTTCF

Press Release Just Issued

[Arbutus22]

NetCents Technology Provides DetailRegarding Cease Trade Order

Vancouver, British Columbia--(Newsfile Corp. - May 7, 2021) - NetCents Technology Inc. (CSE: NC)(FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), is seeking to provide additional information to shareholders regarding the cease trade order ("CTO") issued by the British ColumbiaSecurities Commission (the "BCSC"). On May 6, 2021 the BCSC issued a CTO on Netcents sharespending the submission of the audit and Q3 financial statement.Management would like shareholders to know that all of the materials required to complete the audithave been submitted to the auditor for final review.Given the complexity and nature of Netcents' business and other factors at play, Netcents was unable tosubmit the required documents to the auditor with sufficient time for the auditor to conduct a full reviewbefore the BCSC's filing deadline. To prevent this from occurring in the future, Netcents is activelyseeking additional resources.The auditor has estimated that the audit will be completed by May 15, 2021. Once the audit is completedand submitted to the BCSC, the CTO will be vacated. If additional time is required to complete the audit,Netcents will communicate the new time estimate to shareholders

About NetCentsNetCents Technology Inc, the transactional hub for all cryptocurrency payments, equips forward-thinkingbusinesses with the technology to seamlessly integrate cryptocurrency processing into their paymentmodel without taking on the risk or volatility of the crypto market. NetCents Technology is registered as aMoney Services Business (MSB) with FINTRAC.For more information, please visit the corporate website at www.net-cents.com or contact InvestorRelations: [e-mail] Behalf of the Board of DirectorsNetCents Technology Inc."Clayton Moore"Clayton Moore, CEO, Founder and DirectorNetCents Technology Inc.1000 - 1021 West Hastings StreetVancouver, BC, V6E 0C3