eXeBlock Technology Corporation announced that Mr. Ken Marshall, a recently appointed member of the Board of Directors (the "Board"), will assume the President & CEO responsibilities from Mr. Jamie Davison. Mr. Davison has served in the capacity of President & CEO since June 2018. During his tenure, he restructured the Company from a decentralized blockchain development company with significant capital requirements to a company with a solid capital structure and low monthly expenditures with the resources to explore new IT opportunities.

Mr. Davison is leaving to pursue other business opportunities but will continue to serve the Company in an advisory capacity. The Board wishes to acknowledge his contribution to the Company over the past year and wishes him the best in his future endeavours. Mr. Marshall has extensive experience in the Information Technology and Telecommunications Sectors, having served in various positions at Rogers Communications over the past 25 years.

Most recently, Mr. Marshall was the Senior VP, National Residential Marketing (Toronto) where he led the Wireline Marketing Group in the launch of Ignite TV, a fully internet-based delivery platform, to new and existing customers. Prior to this, Mr. Marshall served as the Regional President (Atlantic Region) and the Vice President - Enterprise Business Unit for 15 years.