Mr. Mark Olson reports

GOLDMONEY INC. ANNOUNCES CLOSING OF SCHIFF GOLD SALE AND CANCELLATION OF SECURITIES

Goldmoney Inc. has closed the transaction previously announced on Sept. 26, 2023, with PDS Family Hycet Trust (the purchaser) to sell all of its membership interest in its wholly owned subsidiary, Schiff Gold LLC (SGL).

Pursuant to the terms of a securities exchange agreement dated Dec. 1, 2023, Goldmoney received 212,600 common shares of Goldmoney and 280,000 common share purchase warrants of Goldmoney in consideration for all of Goldmoney's membership interests in SGL. Goldmoney also received payment of $290,000 (U.S.) upon closing of the transaction. The Goldmoney shares have a deemed value of approximately $1,798,596 (equivalent to $8.46 per share for 212,600 Goldmoney shares), and the Goldmoney warrants have a deemed value of approximately $147,657 based on a Black-Scholes valuation.

Upon closing of the transaction, the Goldmoney shares were cancelled by the company. The cancellation was made as part of the company's continuing normal course issuer bid pursuant to National Instrument 62-104 -- Takeover Bids and Issuer Bids. The price per Goldmoney share has been calculated to comply with the requirements of Section 1.11 of NI 62-104.

Under applicable securities regulations, Peter Schiff is a related party of SGL (being an affiliated entity of Goldmoney) and a control person of the purchaser. Accordingly, the transaction is considered a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company is exempt from the formal valuation and minority approval requirements under MI 61-101 respecting the transaction as the fair market value of the Goldmoney securities does not exceed 25 per cent of the company's market capitalization.

Following the cancellation, Goldmoney now has 13,533,901 total common shares outstanding.

About Goldmoney Inc.

Founded in 2001, Goldmoney (TSX: XAU) 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 jeweller manufacturing, and property investment.

We seek Safe Harbor.