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Goldmoney Inc. Announces 2017 Annual General Meeting and Officer Appointments

T.XAU

TORONTO, Aug. 25, 2017 (GLOBE NEWSWIRE) -- Goldmoney Inc. (TSX:XAU) (“Goldmoney”) (the “Company”), a precious metal financial service and technology company, today announced it will hold its Annual General Meeting (the “Meeting”) on Friday, September 29, 2017 at 1 p.m. ET. The meeting will be held at the flagship Goldmoney Branch located at 38 Avenue Road, Toronto, ON M5R 2G2, Canada.

The record date to determine those shareholders entitled to attend and vote at the meeting is August 15, 2017, and the materials for the meeting, including the Company’s management information circular and the form of proxies, and voting instruction forms to be completed by shareholders, have been mailed to shareholders on August 23, 2017 and are available on SEDAR.

Goldmoney also announces the internal appointments of Senior Software Engineer Paul Mennega as Chief Operating Officer of the Goldmoney Group, and Director of Finance Steve Fray as Senior Vice President of Finance and Operations, replacing Darrell MacMullin who has stepped down as Chief Operating Officer as of today. Mr. MacMullin will continue to advise on the development of the Goldmoney business and payment network as a consultant.

“Darrell has contributed valuable experience and vision, and has been instrumental in the development of a thriving Goldmoney community. We are all extremely grateful for his service and dedication as an Officer of the Company, and wish to thank him for his contributions to the early stage growth of BitGold and the Goldmoney Network,” said Goldmoney CEO, Roy Sebag. “Paul is one of the company's original engineers, and is a talented full stack web and mobile application architect with a pragmatic approach to technology. His intricate knowledge of the business, products, and the tools to best service our global client base is unmatched, and we are thrilled to have him to take on this new leadership role. Steve began developing into a clear senior leader from day one and has been an invaluable addition to the organization. We look forward to leadership from Paul and Steve as we scale a profitable operation and focus on the next phase for the Company under the newly consolidated Goldmoney Holding.”

About Goldmoney Inc.

Goldmoney Inc., a financial service company traded on the Toronto Stock Exchange (TSX:XAU), is a global leader in precious metal investment services and the world's largest precious metals payment network. Safeguarding $1.9 billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious metals-backed savings accessible to all. Powered by Goldmoney’s patented technology, the Goldmoney Holding® is an online account that enables clients to invest, earn, or spend gold, silver, platinum, and palladium that is securely stored in insured vaults in seven countries. All bullion assets are fully allocated and physically redeemable property. Goldmoney Wealth Limited is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. Goldmoney Network is a reporting entity to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and is registered with the Financial Crimes Enforcement Network (FinCEN) in the U.S. For more information about Goldmoney, visit goldmoney.com.

Forward-Looking Statements

This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. (the "Company") believes, expects or anticipates will or may occur in the future, is forward looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.

Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Company's business, expected results of operations, and the market for the Company's products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company's limited operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.

Media and Investor Relations Inquiries: Jacquelyn Humphrey Director of Global Communications Goldmoney Inc. jac@goldmoney.com Josh Crumb Chief Strategy Officer & CFO Goldmoney Inc. +1 647-499-6748

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