Blox, Inc.

Blox, Inc.

December 22, 2014 17:57 ET

Blox Announces Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 22, 2014) - Blox Inc. ("Blox" or the "Company") (OTCQB:BLXX) is pleased to provide a corporate update with respect to its operations and development plans.

After the successful closing of the Mansounia acquisition, the Company has been working to re-model the project in an effort to seek various alternatives for potential short-term production of the asset. The Company is working with consultants on the ground in Guinea and is hopeful to release its development plans in the coming quarters.

The Company continues to work towards closing its acquisition of Quivira Gold Ltd. (Ghana). The Company still awaits approval from the mining commission in Ghana. Once, closed the Company will be investigating various options for short-term production on its assets.

The Company has deemed it necessary and in the best interest of the Company to cease operations at its Kenderes Biogas Plant ("the Plant") in Hungary due to uneconomic conditions brought on by political and economic forces in Hungary. The Company will be moving the Plant to Africa where the Company will look to provide energy to mining projects. Any assets which the Company deems not economical to move will be sold off. The move is consistent with the Company's plan to "green the mining industry" and is now putting that plan into action.

"The Company purchased the Kenderes Biogas Plant with the intention of acquiring the intellectual knowledge and expertise of running a renewable energy plant," says Blox President and CEO, Robert Abenante. "We are now ready to utilize our assets by applying them in Africa where we can take another step towards reaching our goal of being a green mining Company."

About Blox Inc.

Blox is a diversified green mining company committed to socially and environmentally responsible extraction through fundamental practices founded in sustainability. The Company's pilot renewable energy operation actively converts local organic waste into green energy producing essential data for Blox to apply to its many interests. The Company plans to expand its portfolio with respect to renewable energy in an economic and socially responsible manner. Expansion of projects will focus on the production of minerals.

On behalf of the Board of Directors,

Mr. Robert Abenante, CEO, President & Director


Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Forward-looking statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements are estimates only, as the Company has not completed the preparation of its financial statements for those periods, nor has its auditor completed the audit of those results. Actual revenue may differ materially from those anticipated in this press release. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to The Company's ability to obtain additional financing. The Company undertakes no obligation to publicly update these forward- looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission.

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