CODEBASE VENTURES INC. ANNOUNCES FIRST CLOSING OF FINANCING

VANCOUVER, BC, CANADA (September 24, 2021) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF) announces it has completed a first closing of a non-brokered private placement of up to $2,000,000. The Company accepted subscriptions for 6,075,000 units at a price of $0.105 per unit, for gross proceeds of $637,875.  Each unit consists of one common share and one common share purchase warrant.  Each warrant entitles the holder to purchase one additional common share at $0.15 for a period of two years from the date of closing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at $0.40 or more for 10 consecutive days.

The Company paid $21,840 in cash and issued 208,000 warrants on the same terms as noted above to a qualified finder. Securities issued pursuant to this tranche are subject to trading restrictions until January 25, 2022.  Second tranche closing will take place on or before October 4^th, 2021. Proceeds will be used for working capital and to fund future investments.