VANCOUVER, BC, October 16, 2024 -- BTQ Technologies Corp., a global quantum technology company focused on securing mission-critical networks, is pleased to announce the appointment of Mr. Hunter Scharfe as Senior Advisor, effective October 1, 2024.

In this role, Mr. Scharfe will advise the Company on strategic initiatives aimed at strengthening BTQ's market position and driving long-term growth. He will also provide guidance on partnerships and mergers and acquisitions as BTQ continues to expand its global presence in the quantum technology sector.

Mr. Scharfe is an entrepreneur and financier with nearly a decade of experience as a strategic capital partner and merchant banker. He is currently a Partner at a Toronto-based venture capital merchant bank, where he has overseen strategic investments and served as a board member and advisor to companies in emerging sectors such as artificial intelligence and blockchain. Mr. Scharfe holds a Bachelor of Commerce from the University of Toronto's Rotman School of Management.

The Company is also pleased to announce that it has closed a $1,000,000 non-interest bearing, unsecured convertible loan (the "Loan"), with a two-year term. The Loan is convertible at the option of the holder at a price of C$0.40 per share. The Company expects to use the proceeds from the loan for general corporate and working capital purposes.