About ICOx Innovations

ICOx Innovations (TSXV and OTCQB: ICOX) creates and manages digital currencies for innovative brands to grow their businesses - attracting, engaging and retaining their customers through the creation and use of their own digital currency. ICOx enables brands to provide additional payment options at lower costs while owning more of the transactional data chain and driving new models for customer loyalty. ICOx leverages its expertise in blockchain technology and regulatory compliance to deliver branded digital currencies for its clients.

For more information on ICOx Innovations, please visit us at: www.icoxinnovations.com. For additional investor info visit www.icoxinnovations.com or www.sedar.com and www.sec.gov searching symbol ICOX.

Company Contact Bruce Elliott, President Phone: 424-570-9446 Bruce.elliott@icoxinnovations.com

Media Contact ICOx Innovations Arian L. Hopkins Communications, ICOx Innovations arian@icoxinnovations.com Phone: 424-570-9446 ext. 2

Investor Inquiries Phone: 424-570-9446 ext. 8 ir@icoxinnovations.com

PCG Advisory Jeff Ramson / Stephanie Prince jramson@pcgadvisory.com O: 646-762-4518

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Disclaimer for Forward -Looking Statements

This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the statements: that we expect to see more product and customer announcements from Cathio over the coming quarters; that we look forward to further product and project developments in the coming quarters for sBetOne; that Freedom Coin could become one of the most retail-transacted cryptocurrencies in US in the next 12 months; that Ryde Holdings is targeting to add a potential 5000+ cases, 75 potential additional customers and estimated infringement claims of over $5 Million over the next 24 months on the KODAKOne PLP platform; that we expect more and more brands to follow the stable coin model designed for retail audiences, pioneered by ICOx and our partners; and that ICOX is well positioned to partner with the Fortune 5000 brands and large organizations seeking to launch their own branded digital currencies.

The material assumptions supporting these forward-looking statements include, among others, that there will be no material variations in current regulatory environments in which ICOX, its subsidiaries, or any of its partners operate; that Cathio will be able to develop more products and enter into engagements with additional customers over the coming quarters; that sBetOne will be able to create further develop products and projects in the coming quarters; that Cathio, sBetOne, BitRail, and Ryde Holdings will be able to obtain any necessary financing on acceptable terms; the continued rapid expansion of the US regulated sports betting market; that the Freedom Coin platform will be operational on the expected timeline; and that more brands will wish to follow the stable coin model designed for retail audiences.

Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including: the risk that the Freedom Coin platform will not be operational on the expected timeline; the risk that there may be negative changes in general economic and business conditions; the risk that ICOX, its subsidiaries, or its partners may have negative operating cash flow and not enough capital to complete proposed projects; the risk that ICOX, its subsidiaries, or any of its partners may not be able to obtain additional financing as necessary; the risk the cryptocurrency and other trading platforms are relatively new, largely unregulated and may not be accepted by the public as a payment platform; the risk that the Cathio, Freedom Coin, and KODAKOne PLP platforms may be subject to fraud and other failures; the risk that there may be technological changes and developments in the blockchain and cryptocurrencies fields that make the Cathio, Freedom Coin, and KODAKOne PLP platforms obsolete; risks relating to regulatory changes or actions which may impede the development or operation of the Cathio, Freedom Coin, and KODAKOne PLP platforms or the US regulated sports betting market; the risk that other competitors may release platforms similar to the Cathio, Freedom Coin, and KODAKOne PLP platforms; and other general risks involved in the cryptocurrency industry. Any of these risks may cause ICOX’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Further, although ICOX has attempted to identify factors that could cause actual results, levels of activity, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause results, levels of activity, performance or achievements not to be as anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release, and ICOX assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although ICOX believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

Neither 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 release.