Tanjea launches its first Play-to-Earn NFT game to the App Store and Google Play Store

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Vancouver, British Columbia–(Newsfile Corp. – June 7, 2023) – Snowy Owl Gold Corp. (CSE: SNOW) (FSE: 84L) (“Snowy Owl” or the “Company”) is pleased to announce that Bluecorp Capital Corp., which is in the process of being acquired by Snowy Owl, has released its first play-to-earn (“P2E”) NFT-based game, Tanjea – Race to Riches, on the Google Play Store and the Apple App Store. This achievement likely makes Tanjea the second game allowed in the Apple App Store to use externally purchased NFTs. Axie Infinity, a multi-billion dollar ($AXS) P2E game, claimed to be the first game to achieve this feat in a Tweet in late May.

Tanjea, the main project of Boba Mint Co. Inc. (the wholly-owned operating company of Bluecorp Capital), represents a new approach to revolutionize the hyper-casual mobile gaming space by integrating P2E and NFT. Once the proposed transaction is completed, Snowy shareholders will gain exposure to the mobile gaming, metaverse and NFT sectors through Tanjea’s NFT and token-based economy. Leading Tanjea and Snowy will be Boba Mint Co. Inc.’s Acting CEO, Michael Zon, an early adopter of Bitcoin, Ethereum, Cryptopunk and Bored Ape NFT. The founding team also includes CTO Alex Ianovski, who met Michael during his PhD in biomedical engineering, when they both completed their engineering degrees in the same lab. In addition to being active blockchain investors, Alex and Michael previously collaborated on various blockchain projects before joining Boba Mint Co. Inc. and Bluecorp Capital.

“Boba Mint is focused on developing innovative and entertaining blockchain mobile games for its players,” said Michael Zon, acting CEO of Boba Mint. “By delivering an amazing experience to our player base, we aim to drive user growth, ad revenue and in-app purchases, ultimately benefiting our investors. We’re thrilled to have been accepted into the App Store far beyond expectations ours.”

P2E gaming is considered one of the best product markets suitable for blockchain technology. Axie Infinity essentially invented this sector over the past five years, driving it from having a non-existent market cap in the crypto space to becoming a multi-billion dollar industry. This new P2E sector aims to revolutionize gaming by allowing players to earn income through in-game currencies and NFTs, unlike traditional Web2 games where players receive minimal rewards for their time and effort.

Boba Mint will continue to focus on improving its recently released mobile game, Tanjea, to drive user growth and retention. Initially, the company plans to monetize its game assets through advertising revenue, followed by a focus on in-app purchases as additional data reveals which core features players interact with the most.

In addition, Boba Mint Co. Inc. actively seeking out other opportunities in the blockchain space. As the blockchain industry evolves rapidly, Bitcoin’s network recently introduced its own version of NFTs called Ordinals, which now boast millions of dollars in daily trading volume. “Given that Bitcoin is the dominant token by market cap in the sector, we are closely monitoring the emerging Ordinals sector. As active participants in the blockchain space since 2016, shareholders can trust that we will stay informed of these emerging trends,” commented Boba Mint’s Acting CEO, Michael Zon.

About Boba Mint Co. Inc.

Boba is a privately owned technology company that focuses on the development and monetization of Web 3.0 products. Boba specializes in the development, sale and integration of ERC1155 and ERC721 Non-Fungible Tokens (“NFTs“) into sectors ranging from gaming to art. In addition to NFTs, Boba has developed solutions for the development and implementation of ERC20 tokens on Ethereum. In light of recent trends to reduce costs, Boba has expanded its offering to include bridging tokens to polygon and bridging NFTs to layer 2 protocols such as Immutable X. Although these web3.0 solutions are built for internal products, infrastructure is in place to offer these solutions to other interested parties in the future and integrate said products into their front-end web2.0 pages. Boba’s registered office is in Vancouver, BC and business is in Ontario. Boba currently has three product lines with a main focus on blockchain games. For more information please visit bobamintco. com.

Keep up to date with Boba Mint Co. Inc. main project Tanjea by following Tanjeaverse on Twitter.

About Tanjea

Tanjea – The first game to serve mobile metaverse blockchain game

Tanjea is a revolutionary blockchain-connected mobile gaming ecosystem that allows players to earn cryptocurrency and NFTs while playing. Players capture NFT creatures called Jeas and use them to earn ERC20-based $TNJ tokens through mini-games and battles. An advanced financial metagame allows players to compete for tokens and use them to upgrade NFT Jea. Tanjea focuses on abstracting the complexity of blockchain technology away from players to provide a seamless experience for users and bring cryptogaming to the masses. For more information please visit Tanjea.com.

Investors are cautioned that, except as disclosed in the disclosure documents to be prepared in connection with the proposed transaction, any information released or received in connection with the proposed transaction may not be accurate or complete and should not be relied upon.

Trading in the Company’s securities is currently suspended and is expected to remain suspended until the proposed transaction closes or is terminated (described here).

CSE has in no way advanced the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

About Snowy Owl Gold Corp.

Snowy Owl Gold Corp. is a mineral exploration company focused on acquiring, exploring and developing gold projects in Quebec, Canada. The Company has a 100% interest in the Panache Property, which consists of 12 map-designated claims covering a total of 678 hectares, and the Golden Eagle Property, which consists of 161 map-designated claims covering a total of 8,887.65 hectares (88.87 km2) within the Abitibi region located in Quebec, Canada. Additional information about Snowy Owl Gold Corp. is available at http://www.snowyowlgold.com.

On behalf of the board,

SNOWY OWL GOLD CORP.

Raymond Wladichuk

CEO

For further information, please contact:

Elyssia Patterson – CFO

Phone: +1 (877)797-6699

Email: [email protected]

Neither the Canadian Securities Exchange nor its Regulatory Services Provider (as that term is defined in the CSE Guidelines) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This news release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause Snowy Owl Gold’s actual results, performance or achievements, or industry trends, to differ materially from the expected results, performance or achievements expressed or implied by such forward . -see statement. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “assumes,” “believes,” “intends,” “estimates,” “projects,” ” “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Such statements include those relating to the terms of the proposed transaction, the value of Boba, the value of the consideration to be paid by the Company in connection with the proposed transaction, the ability to negotiate a definitive agreement, the nature and satisfaction of the conditions to consummation of the proposed transaction, and the ability of the Company and Boba to secure the consent of the holders of their respective securities in connection with the proposed transaction and the company’s expectations and plans after completion of the proposed transaction.

Although Snowy Owl Gold believes that the forward-looking information in this press release is reasonably based on information available on the date hereof, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements, or other future events, shall be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties relating to general economic conditions; The Covid-19 pandemic; adverse events in the industry; future legal and regulatory developments in the mining sector; the company’s ability to access sufficient capital from internal and external sources, and/or the inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; Snowy Owl Gold’s ability to implement its business strategies; competition; and other assumptions, risks and uncertainties.

The forward-looking information in this news release represents the expectations of the company as of the date of this press release and may accordingly change after this date. Readers should not place undue emphasis on forward-looking information and should not rely on such information as of any other date. In particular, the completion of the proposed transaction with Boba is subject to the satisfaction of certain conditions and uncertainties (including those set forth above), and the Company can offer no assurance that the proposed transaction will be completed in accordance with the terms, conditions and timelines expected by the company or at all. Although the Company may choose to do so, it does not undertake to update this information at any particular time, except as required by applicable law.

We seek safe haven.

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