Toronto, Ontario--(Newsfile Corp. - April 30, 2019) - Blocplay Entertainment Inc. (CSE: PLAY) (the "Company") announces that it anticipates being late in filing its annual financial statements (the "Financial Statements") and management discussion and analysis ("MD&A") for the year ended December 31, 2018, by the prescribed deadline of April 30, 2019.

Following the recent change of management, the management team immediately commenced the process of requesting and gathering the Company financial records from former officers and directors and auditors of the Issuer, receipt of which took an extensive period of time. Following review of the records of the Company, in consideration of geographic location and in order to facilitate completion of the audit, the Company decided it was in its best interest to effect a change of auditors. On March 25, 2019, the Company changed auditors from Dale Matheson Carr-Hilton Labonte LLP, auditors selected by former management of the Company, to Jones & O'Connell LLP. As a result of these significant changes, the newly appointed auditors require additional time to finalize their review of the financial information and to gain reasonable comfort to complete and file the Financial Statements and MD&A.

The Company has made an application with the applicable securities regulators under National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203") requesting that a management cease trade order be imposed in respect of the anticipated late filing rather than an issuer cease trade order. The issuance of a management cease trade order does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities.

The Company anticipates that it will in a position to prepare and file the Financial Statements and MD&A on or prior to June 30, 2019.

The Company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements to file the Financial Statements and MD&A within the prescribed period of time. The Company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

For further information, please contact:

Blocplay Entertainment Inc.
Tel: 647-776-1209
Email: investors.blocplay@gmail.com

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