DMG Blockchain signs second MOU with Malahat Nation

Mr. Sheldon Bennett reports DMG BLOCKCHAIN SOLUTIONS ANNOUNCES ADDITIONAL PARTNERSHIP WITH MALAHAT NATION TO ESTABLISH INDIGENOUS-LED REGULATED UTILITY FOR CLEAN ENERGY AND AI INFRASTRUCTURE DMG Blockchain Solutions Inc. has signed a second memorandum of understanding (MOU) with Malahat Nation's Economic Development Corp. (YOS) stating the intent to create the Malahat-DMG Utility Limited Partnership (MDULP) -- a Malahat majority-owned private and regulated utility that will provide electricity and natural gas to emerging clean technology and digital infrastructure projects on Malahat lands. This builds on a prior 2024 MOU with YOS outlining the intent to develop a total of 30 megawatts of sovereign artificial intelligence (AI) data centres, evenly split between the two parties to co-develop Canada's first indigenous-led AI data centres. Both MOUs are expected to result in definitive agreements, which, in tandem, would create the utility that, in turn, powers the AI data centre facility and all community infrastructure located on Malahat Nation lands near Mill Bay, B.C. This agreement would represent a first-of-its-kind indigenous-led regulated utility in British Columbia and a significant milestone in the development of Canada's first indigenous-led AI data centre campus. Under the MOU, Malahat and DMG will jointly develop and operate new energy infrastructure, including substation upgrades, BC Hydro utility interconnections and future natural gas distribution rights in partnership with FortisBC. The initiative will provide stable, sustainable and sovereign power to support AI computing, renewable energy and industrial development on Malahat lands. Further information will be provided if and when the parties enter into definitive agreements. Empowering indigenous energy sovereignty The partnership reflects the shared vision of both organizations: combining Malahat Nation's leadership in indigenous economic development with DMG's expertise in power infrastructure, high-performance computing (HPC), and data centre design. The collaboration will enable long-term job creation, training programs and cultural investments for Malahat members while building the foundation for a new era of indigenous-owned clean energy systems. Gordon Harry, Chief of Malahat Nation, said: "This partnership is about more than infrastructure -- it's about sovereignty. By developing our own regulated utility, Malahat Nation is taking control of its energy future, ensuring that growth on our lands aligns with our environmental values and creates opportunities for our people." Sheldon Bennett, chief executive officer of DMG Blockchain Solutions, added: "We're honoured to work alongside Malahat Nation to design and deploy a Canadian indigenous-led regulated utility. This partnership demonstrates how clean energy generation, digital infrastructure and reconciliation can move forward together." Grant of stock options and RSUs (restricted stock units) DMG announces the granting of stock options and RSUs to employees and directors of the company. A total of 188,170 stock options and 1.25 million RSUs have been granted. The options are exercisable over five years at a price of 53 cents per share, with vesting in 25-per-cent increments on the six-, 12-, 18- and 24-month anniversaries of the grant date. The RSUs vest in one year; these grants are designed to create an incentive structure that aligns longer-term performance with the company's growth. About DMG Blockchain Solutions Inc. DMG is a sustainable, vertically integrated blockchain and data centre technology company that develops, manages and operates comprehensive platform solutions to monetize the blockchain ecosystem. The company's operations are driven by two strategic pillars: Core and Core+, both unified by DMG's commitment to vertical integration and environmentally responsible practices. DMG's subsidiary, Systemic Trust Corp., is focused on custody of digital assets. We seek Safe Harbor.