DeepMarkit Provides Update on its First Carbon Corp. Subsidiary and the MintCarbon.io Platform

First Carbon Operates in the Tokenization Vertical of the Blockchain  and its Flagship Asset, MintCarbon.io, is a Platform Developed to  Facilitate the Minting of Carbon Credits into NFTs  

Calgary, Canada – February 23, 2022 / CNW / – DeepMarkit Corp., (“DeepMarkit” or the  "Company") (TSXV: MKT) (OTC: MKTDF), a technology company focused on creating new  tools and technologies to aid businesses in sales development and increasing profitability, is  pleased to announce that, subsequent to having its previously announced acquisition of First  Carbon Corp. (“FCC”) approved by the TSX Venture Exchange (“TSXV”), its resumption of trading  on the TSXV today offers investors the unique opportunity to participate in the modernization of  the global carbon credit market through blockchain-based solutions. In addition to DeepMarkit’s  acquisition of FCC, it also recently completed an up-sized, non-brokered, private placement for  total gross proceeds of $2,167,500, as previously announced, which is a complementary  milestone for the Company.  

FCC is a next generation technology platform company focused on democratizing tokenized  access to carbon credits. Its flagship platform, MintCarbon.io, is being developed to offer carbon  offset holders an on-ramp to the blockchain by enabling the minting of a carbon credit into a  decentralized non-fungible token (“NFT”) via the low-emission Polygon network. NFTs minted via  the MintCarbon.io platform are expected to be powered by Ethereum and tradeable in global  decentralized marketplaces based on the blockchain. Further, all minted tokens are being  designed to be ERC-1155-compliant and originate from verified carbon credits, the combination  of which is expected to provide increased transparency, liquidity and security to the carbon offset  market.  

The goal of MintCarbon.io is to make it easier for large carbon emitters to participate in the global  effort to reduce their impacts on the environment through the purchase of tokenized carbon  offsets. The benefits of the platform are expected to include:  

 Access to permissionless trading on decentralized trading platforms (such as OpenSea.io)  that operate on a 24/7/365 basis; 

 Secure and easy access for investors to an emerging asset class;  

 Programmable functionality through smart contracts that enable new types of capital  formation and trading; and  

 A reliable framework designed to increase the flow of capital into carbon reduction  initiatives, thereby helping underfunded companies and their environmentally beneficial  projects.  

The Company has enhanced its product management and business development competencies  that is expected to result in an expedited timeline for the commercialization of MintCarbon.io. The  platform is currently undergoing testing and FCC anticipates an official launch of MintCarbon.io  during the first quarter of 2022.  

Additionally, First Carbon has launched a previously announced MintCarbon.io channel on the  Discord social media platform (“Discord”). With the launch of the Discord channel, carbon offset  holders, investors and other parties interested in the community will be able to communicate  directly with MintCarbon.io representatives. The fostering of communication between FCC and  carbon offset holders, corporate carbon credit purchasers, the NFT community, government  agencies and other stakeholders is a prime objective of the Company.  

Management Commentary  

“The DeepMarkit team is excited to bring FCC into the fold, to develop its innovative MintCarbon.io  platform, and to resume trading on the TSX Venture Exchange. We are grateful for the approval  of our acquisition of FCC in parallel with the closing of our oversubscribed non-brokered private  placement. DeepMarkit is well financed to kick-off this stage in its evolution and FCC is strongly  positioned to offer democratized access, minting, tracking and trading of carbon credits in the  form of tokens or non-fungible tokens on the blockchain to a global marketplace,” said Ranjeet  Sundher, Interim CEO of DeepMarkit.  

ABOUT DEEPMARKIT  

DeepMarkit Corp. is a technology company focused on creating new tools and technologies to  aid businesses in sales development and increasing profitability. Its common shares are listed on  the TSX Venture Exchange under the “MKT” stock symbol. DeepMarkit’s wholly owned  subsidiary, First Carbon Corp. (“FCC”), is a software infrastructure company operating in the  tokenization vertical of the blockchain. FCC's primary asset, MintCarbon.io, is a web-based,  software-as-a-service platform that facilitates the minting of carbon credits into non-fungible  tokens. MintCarbon.io is currently undergoing testing and FCC anticipates an official launch of  the platform in 2022.  

On behalf of:  

DEEPMARKIT CORP.  

"Ranjeet Sundher"  

Ranjeet Sundher, Interim CEO  

For more information, please contact:  

Ranjeet Sundher, Interim CEO 

Tel: 403-537-0067  

Email: corp@deepmarkit.com  

Web: www.deepmarkit.com 

Twitter: @DeepMarkit  

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

CAUTIONARY STATEMENT 

Statements in this press release may contain forward-looking information. Any statements that  are contained in this press release that are not statements of historical fact may be deemed to be  forward-looking statements. The reader is cautioned that assumptions used in the preparation of  any forward-looking information may prove to be incorrect. Events or circumstances may cause  actual results to differ materially from those predicted, as a result of numerous known and  unknown risks, uncertainties, and other factors, many of which are beyond the control of  DeepMarkit. Factors that could cause the actual results to differ materially from those in forward 

looking statements include, but are not limited to, failure to obtain final regulatory approval for  Acquisition, inability to complete the Private Placement, or failure to complete the Acquisition on  the terms proposed, or at all. The reader is cautioned not to place undue reliance on any forward looking information. Completion of the Acquisition is subject to a number of conditions, including  but not limited to, execution of the Definitive Agreement and acceptance by the Exchange.  

The forward-looking statements contained in this press release are made as of the date of this  press release and DeepMarkit does not undertake any obligation to update publicly or to revise  any of the included forward-looking statements, whether as a result of new information, future  events or otherwise, except as required by securities law.