VANCOUVER:  WSM Ventures Corp. announces that it has changed its name from “Avalon Blockchain Inc.” to “WSM Ventures Corp.”

In connection with the change of name, it is anticipated that trading in the common shares of the Company will resume on the Canadian Securities Exchange at the open of markets on April 20, 2020 under the ticker symbol “WSM.X”.

The board of directors is continuing its review of potential strategic acquisition opportunities for the Company, and will provide further information regarding this review as it becomes available.

Moreover, effective immediately, Aleem Nathwani has been appointed as a director, and as interim Chief Executive Officer, of the Company.

Mr. Nathwani has over sixteen years of experience working with and advising startups, from inception through to acquisition or public offering. He was one of the earliest team members at Nutanix, pioneers in the hybrid-cloud space, where he played a key role in driving business development.

He has also held strategic leadership roles within Telus Communications, incubating technology infrastructure and outsourcing deals for large enterprise customers, helping grow their portfolio to over $100 million. Mr. Nathwani has also held advisor and board positions with a number of public and private companies.

In connection with the appointment of Mr. Nathwani, the board of directors has commenced a review of potential strategic acquisition opportunities for the Company.