LGLOF - Link Global Technologies and Part Niroo Shirvan Company (PNS) Sign Agreement to Co-Develop Large-Scale Projects to Produce Clean Energy and Eliminate Greenhouse Gases

(TheNewswire)

VANCOUVER, BC, CANADA - TheNewswire - November11, 2020, Link Global Technologies Inc. (CSE:LNK )(CNSX:LNK.CN) ( FRA:LGT ) ( OTC:LGLOF) ("Link"or the "Company"), a clean energy and infrastructuresolutions provider catering to energy-intensive industries, is pleasedto announce it has entered into a non-binding Memorandum ofUnderstanding (the "Agreement ") dated November 7, 2020 withPart Niroo Shivran Company ("PNS"), an arm's length privateentity organized under the laws of Iran, to develop clean energygeneration projects in Canada and Iraq.

According to the terms of the Agreement, the two companies will worktogether to generate up to five gigawatts of clean energy from flaregases vented from existing oil refineries in Iraq, and generate morethan 200 MW of electricity for semi-mobile data centres in Canada.This initiative will also eliminate Greenhouse Gases (GHG) equivalentto an amount produced by a small city.

PNS, established in 2002, is a market leader in supplying dieselgenerators and provides comprehensive solutions for deliveringreliable and secure electrical energy in Iran. PNS is a multifacetedcompany specializing in engineering, procurement and construction(EPC) of energy, as well as energy consulting, installation,commissioning, and sales.

The terms of the Agreement are highlighted below:

• - The generation of up to 5,000 MW (5 Gigawatts) of clean energyconverted from flare gas vented from existing oil refineries in Iraq,with potential annual Greenhouse Gas (GHG) reductions of 3 tons perMW, in accordance with the United Nations Clean Development Mechanism("CDM") AM0037. Link has significant expertise ininternational projects and government relationships which will assistthe development of these projects.

• - Link and PNS have planned the provision of power and infrastructureto generate over 200 MW of electricity for semi-mobile data centers inwestern Canada, where Link already has clients and operations. PNSwill supply generators for the above-mentioned projects, and willassist Link with the on-site development and optimization of theirclean energy solutions for sites in Canada.

• - Both initiatives are slated to begin implementation in fiscal Q12021.

The parties have agreed to enterinto a definitive partnership agreement on or prior to November 15,2020, which would replace and supersede the Agreement. The partieshave also agreed to an exclusivity period in respect of the subjectmatter of the Agreement until January 31, 2021.

Stephen Jenkins, CEO and President of Link commented, "Thispartnership makes sense not only economically, but alsoenvironmentally. We are creating power delivery systems that captureand utilize wasted energy, while significantly decreasing volumes ofcarbon dioxide emissions in the process. With this partnership, welook to rapidly expand our footprint of clean energy solutions fromCanada to an international market. This model is scalable withworldwide potential. The team at PNS is highly skilled with a solidfoundation of international experience, allowing us access to numeroustechnologies ensuring that we remain agnostic with respect totechnology. Each individual site condition, as well as the locallyavailable waste, will drive our solutions forward."

About Link Global TechnologiesInc.

Link is engaged in the business of providing infrastructure andoperating expertise for digital mining and data hosting operations.Link's objectives include locating and securing, for lease and optionto purchase, properties with access to low-cost reliable power, anddeploying this low-cost power to conduct digital mining and supplyclean energy and infrastructure for other data-hosting services.

On behalf of Link Global Technologies Inc.

Stephen Jenkins

Chief Executive Officer & Director

For more information visit http://linkglobal.io/ or contact:

Steve Jenkins

stephen@linkglobal.io

+1-877-770-6545

Investors please contact:

info@linkglobal.io

+1-833-707-8708

The CSE has not reviewed and does not accept responsibility for theadequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION. This news release contains"forward-looking statements" within the meaning ofapplicable Canadian securities legislation. Forward-looking statementsconsist of statements that are not purely historical and include anystatements regarding beliefs, plans, expectations or intentionsregarding the future. Often, but not always, forward-lookingstatements can be identified by the use of words such as"plans", "expects", "is expected","forecast", "budget", "scheduled","estimates", "forecasts", "intends","anticipates", or "believes", or variations(including negative variations) of such words and phrases, orstatements that certain actions, events or results "may","would", "could", "should" or"might" occur. Forward-looking statements made in this newsrelease include, but are not limited, to: statements with respect tothe Agreement and the terms and potential benefits thereof; that theparties will enter into the definitive partnership agreement and theterms thereof, including the timeline for same; that Link'ssignificant expertise in international projects and governmentrelationships will assist the development of these projects; and thatthe initiatives are slated to begin implementation in fiscal Q1 2021.All such forward-looking statements are based on factors orassumptions that were applied in drawing a conclusion or making aforecast or projection, including assumptions based on historicaltrends, current conditions and expected future developments. Sinceforward-looking statements relate to future events and conditions, bytheir very nature they require making assumptions and involve inherentrisks and uncertainties. The Company cautions that although it isbelieved that the assumptions are reasonable in the circumstances,these risks and uncertainties give rise to the possibility that actualresults may differ materially from the expectations set out in theforward-looking statements. In the case of the Company, these risks,uncertainties, assumptions and other factors include, withoutlimitation: that the parties may not enter into a definitivepartnership agreement at all or on the terms announced; that actualresults from the partnership may differ materially from the parties'expectations; those set out in the Company's most recent MD&A,fluctuations in the price of electricity, fluctuations in the price ofdigital currencies/Bitcoin, the future potential halving of Bitcoin,increases in the network difficulty rate and price of digitalcurrencies/Bitcoin, negative changes in the level of digitalcurrency/Bitcoin rewards per block, the securing of economic rates forthe purchase of power, the opportunities for acquiring digitalcurrency mining hardware, unanticipated changes in laws, regulationsor other industry standards affecting the business of the Company,reliance on key management personnel, the Company's ability toimplement its business plan, litigation risk, stock price volatility,the effects of general economic and other factors beyond the controlof the Company, and other matters that may occur in the future. Giventhese risks, undue reliance should not be placed on theseforward-looking statements, which apply only as of the date hereof.Other than as specifically required by law, the Company undertakes noobligation to update any forward-looking statements to reflect newinformation, subsequent or otherwise.

Copyright (c) 2020 TheNewswire - All rights reserved.