Ms. Kym No of The Mint reports

GRAVITAS SELLS SERIES B DEBENTURES TO MINT FOR CANCELLATION

Gravitas Financial Inc. has completed the sale of $2,918,000 principal amount of Series B debentures of The Mint Corp. to Mint for cancellation. As payment for the acquired debentures, Gravitas will receive 15,066,548 common shares of Mint and a demand promissory note, bearing interest at 5 per cent per annum, in the amount of $188,808. Gravitas had earlier paid for the acquired debentures by transferring the same number of common shares of Mint from its own holdings and by payment of $188,808 cash. See the joint news release of Mint and Gravitas issued on Sept. 13, 2017.

Immediately before the transaction, Gravitas beneficially owned 88,564,006 common shares, and its securityholding percentage of the common shares was 65.59 per cent. Immediately after the transaction, Gravitas will beneficially own 103,630,554 common shares, and its securityholding percentage of the common shares was 69.05 per cent. The common shares issued to Gravitas will be subject to the customary hold period expiring on Jan. 30, 2018. The common shares issued to Gravitas have a deemed value of 7.5 cents per share for a total deemed value of $1,130,047.

Prior to the transaction, Gravitas approved a resolution in writing which amended the trust indenture under which the Series B debentures were issued. The amendment to the trust indenture gives Mint the right to redeem the remaining Series B debentures on the basis of $200.86 in cash plus 3,348 common shares of Mint for every $1,000 principal amount of Series B debentures. Gravitas has agreed to lend Mint the funds necessary to pay the cash portion of the redemption price.

Following completion of the transaction, Mint today exercised the redemption right and issued a notice for the redemption of the remaining Series B debentures on Oct. 12, 2017. On the redemption date, Mint will issue 1,787,832 common shares and pay $107,259 as the redemption price. The common shares issued as a result of exercising the redemption right will have a deemed value of 7.5 cents per share and will be subject to a hold period expiring on Feb. 13, 2018.

Gravitas Financial is a diversified financial services and merchant banking firm incorporated under the Canada Business Corporation Act and has its head office at 333 Bay St., Suite 1700, Toronto, Ont., M5H 2R2. An early warning report for Gravitas will be filed with the applicable Canadian securities commissions and will be available on Mint's SEDAR profile. A copy may also be obtained by contacting Peter Liabotis at 647-252-1674.

About The Mint Corp.

Mint, through its 51-per-cent-owned subsidiaries, is a globally certified payments company focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Mint Group provides employers with payroll cards for their unbanked employees. These employees earn regular salaries and have long-term work permits. The Mint card effectively becomes a cardholder's bank account.

About Gravitas Financial Inc.

Gravitas is a diversified financial services and merchant banking firm that has an active presence in fast-growing international regions, including China, India and the Middle East. Gravitas has made strategic investments in high-quality and well-managed financial and capital market services companies. The company currently has ownership interests in various distribution channels, including its 40-per-cent ownership in Portfolio Strategies Corp. (PSC), one of Canada's largest independent mutual fund dealers, with over $2.5-billion in assets under administration and 270 advisers across Canada.