After securing an agreement with Singapore-based wireless technologies company Ammbr to
administer the crowdsale for its network's proprietary crypto token AMR, FORK is pleased to announce
that it will release the whitepaper and launch the crowdsale's website on Monday, November 26, 2018.
The Company also announces that it has appointed Simon Ditner, an experienced software architect and
recognized expert in telecom systems, as FORK's Chief Technologist. Mr. Ditner
will play a lead role in FORK's work with Ammbr.
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2018) - GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink:
GBCHF) ("FORK" or the "Company") announces that it will release the whitepaper and launch the website for the crowdsale of AMR
on Monday, November 26, 2018. AMR is the proprietary crypto asset of Ammbr Foundation Pte. Ltd. ("Ammbr") for its wireless mesh
network. This announcement is made pursuant to the arrangement made between FORK and Ammbr, as announced in the Company's press
release dated October 23, 2018.
Ammbr has developed a network protocol that creates a "wireless mesh" internet access method. By using a distributed network of
routers, Ammbr's network acts as a democratized and trustless equivalent to an Internet service provider. For use on the network,
Ammbr has developed three different router products, including a portable router, an in-home router and a solar-powered outdoor
router. Wireless mesh technology is used extensively by the US military. Further, Google has incorporated the technology into some
of its wireless home products. With many regions of the world having deficient Internet access, wireless mesh networks allow for
Internet connectivity to be made available virtually anywhere on earth. Ammbr's network will be managed by a blockchain-based
application which facilitates transactions on the network, including the buying and selling of Internet bandwidth. Such
transactions will be made using the AMR crypto asset, which enable automated micropayments for seamless transactions.
The AMR crowdsale's supply will be 400,000,000 AMR tokens, or 20% of the total issuance of 2,000,000,000 AMR tokens. Each token
will be priced at US $0.025 each. In exchange for its sale administration and development services, FORK will be paid a lump sum of
241,550,000 AMR tokens, as well as 10% of all proceeds from the public crowdsale. As of this writing, the anticipated launch date
of the Ammbr network will be in Q1 of 2019, aligning with the 2019 Mobile World Congress in Barcelona, at which Ammbr and FORK will
have presence.
As developments with Ammbr's crowdsale and network continue, FORK has brought on Simon Ditner as its Chief Technologist. Mr.
Ditner has a professional background in system design and software engineering, and has worked with major players in the telecom
space and pioneering start-ups. His initial focus will primarily be on streamlining the launch of Ammbr's network to ensure that it
is scalable and easy to use, and that it will be positioned to create value for investors in the AMR token and operators of routers
on the Ammbr network.
"Ammbr is a very exciting project, and we are most pleased to be able to release more information about it to our shareholders
and prospective investors in the crowdsale, as the project progresses," said Shidan Gouran, President and CEO of FORK. "AMR as a
crypto asset stands out because once Ammbr's network is built out, AMR has a nearly infinitely scalable use case. When you consider
that this network will bring the Internet to parts of the world where it is too cost-prohibitive to provide such access through
traditional channels, you're looking at hundreds of millions of potential users, and the AMR cryptocurrency will be the backbone of
this network. We are also thrilled to have brought Simon Ditner on as our Chief Technologist. He produced amazing results in the
telecommunications industry, and a project like Ammbr is right up his alley."
FORK will issue a press release on or before Monday, November 26th, containing links to Ammbr's whitepaper and the website for
the upcoming crowdsale.
On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io
For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io
About Global Blockchain Mining Corp.
Global Blockchain Mining Corp. is a technology company that is engaged in the business of mining blue-chip cryptocurrencies
through the deployment of hardware and associated infrastructure to mine these coins. Investors, through their investment in the
Company, are provided with exposure to these cryptocurrencies without the lengthy, and complicated process that interested
investors must undergo in order to gain exposure to these cryptocurrencies.
The Company is listed on the Canadian Securities Exchange ("CSE") and its common shares trade under the ticker symbol
"FORK". Additional information relating to the Company is available on SEDAR at www.sedar.com,
the CSE at www.theCSE.com as well as on the Company's website at: www.forkcse.com.
Cautionary Note Regarding Forward-Looking Information
Forward-Looking Information: This news release includes certain statements that may be deemed "forward-looking statements". The
use of any of the words "anticipate", "continue", "estimate", "expect","may", "will", "would", "project", "should", "believe" and
similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed onthe
forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated
due to a number of factors and risks including various risk factors discussed in the Company's disclosure documents which can be
found under the Company's profile on www.sedar.com.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility
for the adequacy or accuracy of this release.
