Mr. Keith Crone reports

EVOLVE ANNOUNCES SPECIAL DISTRIBUTIONS FOR THE GOLD MINERS SPLIT CORP.

Evolve Funds Group Inc., on behalf of Gold Miners Split Corp., has declared the capital gains dividend payable as a non-cash notional distribution amount per unit for Gold Miners Split (the Evolve fund) for the period ending Dec. 16, 2019.

Unitholders of record on Dec. 16, 2019, will receive a notional distribution payable on or about Dec. 23, 2019, as indicated in the attached table.

Evolve fund           Ticker    Distribution rate per unit

Gold Miners Split        GLC                   $1.77003746               

The amounts are for capital gains dividend only, which will be reinvested, and the resulting units immediately consolidated, so that the number of units held by each investor will not change. The capital gains dividend does not include any regular quarterly distribution amounts.

Holders of Class A shares are entitled to receive any dividends that the board of directors may declare subject to the prior rights of the holders of preferred shares. If the company realizes capital gains on the sale of portfolio securities and would be liable to pay tax thereon, the company may declare a capital gains dividend on the Class A shares. No dividends or other distributions will be paid on the Class A shares in any month as long as any dividends on the preferred shares are then in arrears or so long as the net asset value (NAV) per unit is equal to or less than $15. At this time, other than for tax purposes, the board of directors does not anticipate declaring dividends in respect of the Class A shares.

The investment objectives for the preferred shares are: (i) to provide the holders of preferred shares with cumulative preferential quarterly cash dividends, the amount of which is fixed by the board of directors of the company in respect of each three-year term of the company; and (ii) on May 31, 2022 (the termination date), to pay the holders of the preferred shares an amount per preferred share equal to $10 per preferred share. The quarterly cash distribution will be 15 cents per preferred share (60 cents per annum), representing a yield of 6.0 per cent per annum on the issue price of $10 per preferred share until the termination date. The preferred shares are not rated.

Evolve, the manager of the company, provides investment advisory services and portfolio management services to the company.

You will usually pay brokerage fees to your dealer if you purchase or sell shares of the company on the exchange or other alternative Canadian trading platforms. If the shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying shares of the company and may receive less than the current net asset value when selling them.

There are continuing fees and expenses associated with owning shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the company in the public filings available on SEDAR. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

We seek Safe Harbor.