Mr. Mark Olson reports

GOLDMONEY INC. ANNOUNCES SECOND PROPERTY ACQUISITION IN THE UK

Further to Goldmoney Inc.'s news release of June 13, 2023, announcing the company's real assets investment strategy, company subsidiary Goldmoney Properties Ltd. has completed its second property acquisition in the United Kingdom.

On Oct. 6, 2023, Goldmoney Properties completed the acquisition of Wales Millennium Centre phase II, also known as BBC Hoddinott Hall and Offices, in Cardiff, Wales. The asset is a landmark 62,116-square-foot gross internal area (GIA) building, which forms a part of the iconic Wales Millennium Centre in Cardiff Bay. Phase II comprises the world-class BBC Hoddinott Hall, home to the National Orchestra of Wales, which seats up to 350 people, the Grace Williams Studio, which is a state-of-the-art recording studio that can hold up to 60 people, and a 16,114-square-foot Class A office building. Phase II was built in 2009 by Sir Robert McAlpine at a cost of over 18 million pounds sterling at the time.

Goldmoney Properties has acquired the building from Aviva Investors Lime Fund for consideration of 17.2 million pounds sterling (approximately $28.7-million (Canadian)) in a transaction that was financed by Barclays PLC at an loan-to-value (LTV) ratio of approximately 44 per cent. The financing rate is a floating rate of sterling overnight interbank average (Sonia, as set by the Bank of England) plus 1.85 per cent and is non-recourse to Goldmoney Properties. The building is majority let to the British Broadcasting Corp. (BBC) under a full repairing and insurance lease producing 1.6 million pounds sterling (approximately $2.62-million (Canadian)) of net rental income per annum. The remaining term on the lease is 10 years through September, 2033, with uncapped annual rent increases indexed to the Retail Price Index (RPI). Following this acquisition, Goldmoney has a working capital position of approximately $34-million (Canadian), consisting of cash, precious metals and precious-metal-backed on-demand loans (unaudited).

Statement from Roy Sebag, founder and chief executive officer of Goldmoney:

"We are pleased to have acquired our second building from Aviva, one of the premier institutional property investors. The BBC Hoddinott Hall is a world-class asset where some of the most beautiful music in the world comes to life. We are honoured to be the new owners of this cultural landmark. Goldmoney Properties now owns two landmark buildings totalling over 280,000 square feet, which produce circa $7-million of net rental income per annum, which is indexed to inflation. We remain focused on growing our property investment business. The strength of our balance sheet, health of our precious metals businesses and new cash flow streams provides us with a unique opportunity to further capitalize on the generational shift in interest rates by acquiring world-class real assets."

About Goldmoney Inc.

Founded in 2001, Goldmoney is a Toronto Stock Exchange-listed company invested in the real economy. The leading custodians and traders of precious metals, Goldmoney also owns and operates businesses in jewellery manufacturing and property investment.

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