Mr. Mark Olson reports

GOLDMONEY INC. REPORTS FINANCIAL RESULTS FOR FOURTH QUARTER AND FISCAL YEAR 2023, ANNOUNCES PROPOSED SHARE CONSOLIDATION, AND PUBLISHES ANNUAL LETTER TO SHAREHOLDERS

Goldmoney Inc. has released financial results for the fourth quarter and fiscal year ended March 31, 2023.

Financial highlights:

• Group tangible capital of $142.2-million, an increase of $7.4-million, or 5 per cent year-over-year (YoY).
• Group tangible capital per share increased to $2.03 from $1.78, or 14 per cent YoY.
• Group precious metal position consisting of coins, bullion and bullion-denominated loan of $65.7-million, an increase of 1 per cent YoY.
• Gold-adjusted tangible capital per 100 Goldmoney shares of 2.4 grams.
• Repurchased a total of 5,934,073 shares at an average purchase price of $1.67 in fiscal year 2023, reducing the share count by 7.8 per cent.
• Operating income of $34.8-million, an increase of 46 per cent YoY.
• Net income of $6.7-million, an increase of 210 per cent YoY.
• Basic and diluted earnings per share of nine cents, an increase of 213 per cent YoY.
• Goldmoney group client assets of $2.21-billion as at March 31, 2023.
• Mene Inc. reported strong results in FY 2022, growing revenue to $26.9-million and generating gross profit of $6.6-million.

Annual shareholder letter

Read the full Goldmoney fiscal year 2023 shareholder letter on-line.

Proposed share consolidation

The company further announces that it intends to complete a consolidation of its common shares on the basis of five preconsolidation common shares for one postconsolidation common shares. The consolidation is expected to make the company's shares more accessible to institutional shareholders with investment mandates that necessitate a minimum share price of $5.00 per share.

No fractional common shares will be issued as a result of the consolidation. Any fractional interest in common shares that is less than 0.5 of a common share resulting from the consolidation will be rounded down to the nearest whole common share and any fractional interest in common shares that is equal to or greater than 0.5 of a common share will be rounded up to the nearest whole common share.

As of the date hereof, there are 70,002,473 common shares issued and outstanding. On a postconsolidation basis, the company shall have approximately 14,000,495 common shares issued and outstanding. It is expected that the common shares will commence trading on a consolidated basis and with a new CUSIP number on or around June 23, 2023. The company will not be changing its name in connection with the consolidation. Completion of the consolidation is subject to the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. Pursuant to the Business Corporations Act (British Columbia) and the articles of the company, shareholder approval of consolidation is not required.

Shareholders who hold their shares through a securities broker or dealer, bank or trust company will not be required to take any measures with respect to the share consolidation. The company's transfer agent, TSX Trust Company, will mail a letter of transmittal to all registered shareholders of the company that will contain instructions for exchanging their preconsolidation common shares for postconsolidation common shares. Registered shareholders will be required to return their certificates representing preconsolidation common shares and a completed letter of transmittal to TSX Trust. Any registered shareholder who submits a duly completed letter of transmittal to TSX Trust along with preconsolidation share certificate will receive in return a postconsolidation share certificate or direct registration system advice. The exercise or conversion price of, and the number of common shares issuable under, any convertible securities of the company will be proportionately adjusted upon the completion of the consolidation.

Real assets strategy

The company is pleased to announce the formation of Goldmoney Properties Ltd., a wholly owned subsidiary of the company. Through Goldmoney Properties, the company intends to acquire institutional-grade real assets with contracted inflation-protected cash flows that exceed the company's long-run estimation of inflation.

The reader is encouraged to read more about the anticipated investment strategy and acquisition parameters in the fiscal 2023 annual shareholder letter.

Financial information and international financial reporting standards

The selected financial information included in this release is qualified in its entirety by, and should be read together with, the company's consolidated financial statements for the quarter and fiscal year ended March 31, 2023, and prepared in accordance with international financial reporting standards (IFRS), and the corresponding management's discussion and analysis, which are available under the company's profile on SEDAR.

About Goldmoney Inc.

Goldmoney is a precious metal-focused global business. Through its ownership of various operating subsidiaries, the company is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, and coin retailing. Goldmoney clients located in over 100 countries hold approximately $2.21-billion in precious metal and fiat currency assets. The company's operating subsidiaries include: Goldmoney, SchiffGold and Totenpass. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewellery that is sold by gram weight. Through these businesses and other investment activities, Goldmoney gains long-term exposure to precious metals. The company has also recently formed Goldmoney Properties Ltd. to pursue the acquisition of institutional-grade real assets for real returns in an inflationary environment.

We seek Safe Harbor.