Toronto, Ontario–(Newsfile Corp. – July 26, 2023) – Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the “Company” or “Wellfield”) today announced that it has signed a definitive agreement (the “Definitive Agreement”) with Brane Inc. (“Brane”) and Big Index Inc., a wholly owned subsidiary of Brane (together with Brane, the “Vendors”) to acquire all of the issued and outstanding securities of Brane Trust Company Ltd. (“Brane Trust”), and certain other assets, including but not limited to, all of the owned intellectual property, of the Vendors (collectively, the “Purchased Assets”), aiming to establish and operate Canada’s second qualified digital asset custodian (the “Transaction”). Brane Trust, a wholly owned subsidiary of Brane Inc., is a trust company regulated by the Alberta Ministry of Treasury Board and Finance (the “Alberta Government”) for the purpose of digital asset custody.