Mr. Roy Sebag reports

GOLDMONEY RECEIVES EXEMPTION FROM CANADIAN SECURITIES REGULATORS FOR ITS PRECIOUS METALS PURCHASE AND STORAGE SERVICES IN CANADA

Goldmoney Inc. has received exemptive relief from Canadian securities regulators, allowing it and two of its operating subsidiaries to continue offering clients in Canada precious metal purchase and storage services to facilitate their precious metal transactions.

The exemption allows the exempted Goldmoney entities to conduct this activity without the need to become registered as a dealer or to deliver a prospectus, subject to compliance with certain terms and conditions. The relief extends to the directors, officers and representatives of the exempted Goldmoney entities.

Clients with Canadian addresses who enter into precious metal transactions and create on-line holdings with Goldmoney will continue to transact on the company's on-line proprietary internet-based platform.

In Canada, the company services its clients primarily through its wholly owned subsidiary, Goldmoney Vault Inc. Companies, institutions and high-net-worth individuals also can establish a client relationship with Goldmoney Vault U.K. Ltd. GVI or GVUK arrange precious metal storage as agents for clients with third party vault custodians acceptable to Canadian securities regulators.

Roy Sebag, chairman and chief executive officer of Goldmoney, said: "Goldmoney welcomes the granting of this exemptive relief. It eliminates regulatory uncertainty in our Canadian precious metals business and could not have been achieved without the co-operation of the Canadian regulators who took part. We wish to acknowledge these regulators for taking the time to learn about the unique nature of physical precious metal custody."

Unless extended, the exemptive relief expires upon the fifth anniversary of the exemption, which will occur on Sept. 11, 2029. The order granting exemptive relief can end earlier by order of a court or securities regulator or if the law applicable to the exempted Goldmoney entities changes to conflict with or duplicate the content of the order.

The exemptive relief applicable to clients with a Canadian address is subject to terms and conditions, including:

• Requiring, on the earlier of: (i) logging into the client platform trading account after the date of the exemptive relief; and (ii) the first transaction occurring after the date of the exemptive relief, the delivery of a risk disclosure statement to each client and prospective client, and that a written or electronic acknowledgment be obtained from the client or prospect confirming that the client or prospect has received, read and understood the RDS; such acknowledgment will be separate from and prominent among other acknowledgments provided by the client as part of the holding opening process.
• Compliance with business conduct obligations set out in the exemptive relief, including acting fairly, honestly and in good faith with respect to clients, handling client complaints appropriately, maintaining minimum working capital requirements, establishing and following conflicts of interests policies including referral arrangements and procedures, compliance with gatekeeper and RDS delivery obligations, not lending or providing margin or credit to clients or providing recommendations or advice relating to transactions in precious metal, or allowing clients to take short positions and not offering bitcoin, ether, cryptocurrencies, or other novel or emerging asset classes, or options or other derivatives thereon, to clients or prospects;
• Dealing with client holdings in a specified manner, including by providing to each client: (i) prior to such client's first transaction, certain information that is deemed important about the client's relationship with exempted Goldmoney entities and each individual acting on their behalf; (ii) promptly after each transaction with clients which do not meet statutory sophistication standards, providing written confirmation of the transaction including a description of the transaction, the notional amount, quantity or volume of precious metal transacted, the price paid for such metal, the commission, sales charge, service charge and any other amount charged in respect of the transaction, the particular exempted Goldmoney entity that transacted with the client, and whether such entity acted as principal or agent, and the date of the transaction; and (iii) quarterly or more frequently if desired by the client, appropriate holding statements;
• Establishment, maintenance and application of specified policies, procedures, controls and supervision relating to compliance and record keeping, including business continuity and disaster recovery;
• The company remaining a reporting issuer listed on the Toronto Stock Exchange.

About Goldmoney Inc.

Goldmoney specializes in the investment and custody of enduring real assets. Through its subsidiaries, the company offers precious metal trading services to clients, including secure custody and storage solutions. Goldmoney also maintains diversified interests in property investment and jewellery manufacturing.

We seek Safe Harbor.