Mr. Josh Crumb reports

BITGOLD INC. ANNOUNCES ADDITIONAL INFORMATION ON THE CAD 51.9 MILLION ACQUISITION OF GOLDMONEY.COM REGARDING FINANCIAL DATA

Bitgold Inc. has released further information on the acquisition agreement dated May 22, 2015, to purchase the operating and intellectual property assets of GoldMoney Network Ltd., subject to regulatory approvals and other customary closing conditions.

The information herein was presented in a press release on Friday, March 22, 2015. For further clarification, (i) the line item, net operating income (gross margin), is clarified to refer to, gross margin, and (ii) the line item, profit (loss) for the financial year after tax, has been replaced with data on the profit (loss) from operations.

Attached is an updated summary of the financial performance of the GoldMoney business for the indicated periods.

                                           Twelve months ended March 31,
                                       2011            2012            2013
                                   (audited)       (audited)       (audited)
                                       (GBP)           (GBP)           (GBP)
Gross value of sales of gold
grams and currencies            237,065,580     431,142,576     224,740,275
Gross value of sales of
silver ounces and
currencies                      261,590,262     421,015,451     174,879,728
Gross value of sales of
platinum grams and
currencies                       12,098,260      13,108,379       6,636,868
Gross value of sales of
palladium grams and
currencies                        1,389,027       2,206,501       1,928,321
Storage fee income                3,502,525       5,509,749       5,310,756
Total (cost) of metals and
currencies sold, and storage
fees                           (504,340,686)   (854,864,415)   (404,754,157)
Gross margin                     11,304,968      18,118,241       8,741,791
Profit (loss) from
operations for the
financial year (2)                9,488,976       7,318,449         249,785
Net operating cash flow
(after movement of working
capital)                          5,134,916         949,280       2,176,154
Working capital                  20,229,963      26,032,483      24,725,488
Total assets                     22,393,165      26,952,015      26,270,025
Total liabilities                 1,993,816         707,529         839,608
Dividend                          1,498,644       2,009,340       1,612,420

                                               Twelve months ended March 31,
                                               2014                    2015
                                           (audited)             (unaudited)(1)
                                               (GBP)                   (GBP)
Gross value of sales of gold
grams and currencies                    193,991,824             107,294,000
Gross value of sales of
silver ounces and
currencies                              122,438,226              69,186,000
Gross value of sales of
platinum grams and
currencies                                4,304,178               3,891,000
Gross value of sales of
palladium grams and
currencies                                1,993,089               3,092,000
Storage fee income                        2,464,112               2,140,000
Total (cost) of metals and
currencies sold, and storage
fees                                   (321,018,155)           (182,677,000)
Gross margin                              4,173,275               2,926,000
Profit (loss) from
operations for the
financial year (2)                       (9,521,773)               (596,000)
Net operating cash flow
(after movement of working
capital)                                 (1,560,095)               (810,000)
Working capital                          13,598,365              12,906,000
Total assets                             14,687,579              13,660,000
Total liabilities                           797,319                 572,000
Dividend                                  1,236,477                     N/A

Notes:
(1) Based on unaudited financial information, subject to audit.
(2) Profit (loss) for the financial year includes certain gains and losses on
    unhedged metal inventories, which is not a recurring business for BitGold.
    In addition, in 2014, certain software assets were written down.

Bitgold and GoldMoney will host a joint conference call on Tuesday, May 26, further information to be released.

About GoldMoney

GoldMoney is a gold and precious metals vaulting business founded in 2001 by James Turk and Geoff Turk. GoldMoney offers an easy way to buy gold, silver, platinum and palladium on-line, and safely store for customers these precious metals in five countries. It is GoldMoney's vision that the benefits and dependability of gold and silver should be easily available to everyone, while providing its customers with assurances of integrity, so they know their money is safe.

We seek Safe Harbor.