Goldmoney Accelerates Settlement of Direct-to-Bank Gold Redemptions

TORONTO, ONTARIO--(Marketwired - Aug. 31, 2016) - Goldmoney Inc. (XAU.TO), a financial technology company operating a global, 100%-reserved gold-based financial network, today introduced a new closed-loop network integration that enables instant gold redemption and expedites direct-to-bank value settlement for 87 countries and 44 currencies, accelerating global commercial transactions and supporting small business growth. Goldmoney Personal and Business users can now redeem gold balances to supported local currencies instantly and receive value settlement denominated in local currencies within 48 hours for a fee of only one percent.

"We're continuously strengthening our partnerships and improving the functionality of the Goldmoney network making it one of the most efficient methods for global transactions. With this new integration, we're making personal and business global gold payments and redemptions faster and easier than ever before," said Darrell MacMullin, CEO, Goldmoney Personal and Business. "International wire transfers can take up to one week, imposing unnecessary delays on person-to-person transfers, impeding cash flow and delaying small business growth. By using vaulted gold bullion for universal and efficient payments, Goldmoney Personal and Goldmoney Business users in eligible countries can instantly receive payments in gold and redeem to supported currencies at any time. Direct-to-bank settlements of redeemed value are completed in under 48 hours—and in some cases, within minutes."

Direct-to-Bank Redemption Availability and Associated Settlement Times
Country		Personal		Business[1]		Settlement Time		Supported Currency
Antigua		•		•		Same Day		XCD
Argentina		•				Next Day		ARS
Austria		•		•		Next Day		EUR
Bangladesh		•		•		Same Day		BDT
Barbados		•		•		Same Day		BBD
Belgium		•		•		Next Day		EUR
Benin		•		•		Next Day		CFA
Bolivia		•				Same Day		USD
Brazil		•		•		Same Day		BRL
Bulgaria		•		•		Next Day		BGN
Burkina Faso		•		•		Next Day		CFA
Canada		•		•		Next Day		CAD
Chile		•		•		Next Day		CLP
China		•		•		Next Day		USD
Colombia		•				Within Minutes to Hours		COP
Costa Rica		•				Same Day		CRC
Cyprus		•		•		Next Day		EUR
Czech Republic		•		•		Next Day		EUR
Denmark		•		•		Next Day		EUR
Dominican Rep.		•				Within Minutes to Hours		DOP
Ecuador		•				Within Minutes to Hours		USD
Egypt		•		•		Same Day		EGP
El Salvador		•				Within Minutes to Hours		USD
Estonia		•		•		Next Day		EUR
Ethiopia		•		•		Same Day		ETB
Finland		•		•		Next Day		EUR
France		•		•		Next Day		EUR
French Guiana		•		•		Next Day		EUR
Gambia		•		•		Same Day		GMD
Germany		•		•		Next Day		EUR
Ghana		•		•		Same Day		GHS
Greece		•		•		Next Day		EUR
Guadeloupe		•		•		Next Day		EUR
Guatemala		•				Within Minutes to Hours		GTQ
Guinea		•		•		Within Minutes to Hours		GMT
Guinea Bissau		•		•		Next Day		XOF
Guyana		•		•		Same Day		GYD
Haiti		•				Same Day		USD
Hungary		•		•		Next Day		EUR
Iceland		•		•		Next Day		EUR
India		•		•		Within Minutes to Hours		INR
Indonesia		•				Same Day		IDR
Ireland		•		•		Next Day		EUR
Italy		•		•		Next Day		EUR
Ivory Coast		•		•		Next Day		XOF
Jamaica		•				Same Day		JMD
Japan		•				Same Day		JPY
Kenya		•		•		Same Day		KES
Latvia		•		•		Next Day		EUR
Liechtenstein		•		•		Next Day		EUR
Lithuania		•		•		Next Day		EUR
Luxembourg		•		•		Next Day		EUR
Malaysia		•				Same Day		MYR
Mali		•		•		Same Day		CFA
Malta		•		•		Next Day		EUR
Martinique		•		•		Next Day		EUR
Mexico		•				Within Minutes to Hours		MXN
Morocco		•				Same Day		MAD
Nepal		•				Within Minutes to Hours		NPR
Netherlands		•		•		Next Day		EUR
Niger		•		•		Next Day		XOF
Nigeria		•		•		Within Minutes to Hours		NGN
Norway		•		•		Next Day		EUR
Pakistan		•		•		Within Minutes to Hours		PKR
Panama		•				Same Day		USD
Peru		•				Within Minutes to Hours		PEN
Philippines		•		•		Within Minutes to Hours		PHP
Poland		•		•		Next Day		PLN
Portugal		•		•		Next Day		EUR
Reunion		•		•		Next Day		EUR
Romania		•		•		Same Day		RON
Russia		•				Within Minutes to Hours		RUB
Senegal		•		•		Next Day		CFA
Slovakia		•		•		Next Day		EUR
Slovenia		•		•		Next Day		EUR
Spain		•		•		Next Day		EUR
Sri Lanka		•				Same Day		LKR
St Kitts & Nevis		•		•		Same Day		XCD
Sweden		•		•		Next Day		EUR
Thailand		•				Same Day		THB
Togo		•		•		Next Day		CFA
Trinidad & Tobago		•		•		Same Day		TTD
Ukraine		•				Same Day		USD
United Kingdom		•		•		Next Day		GBP
USA		•		•		Next Day		USD
Venezuela		•				Same Day		VEF
Vietnam		•				Same Day		VND

[1] Only Goldmoney Business account holders may redeem to a business bank account.

About Goldmoney Inc.

Goldmoney Inc. (XAU.TO) is a mission-driven financial technology company that operates the world's largest 100%-reserved gold-based savings and payments network. Goldmoney® provides financial services as a trusted third-party, combining the unique attributes of gold with technology-driven innovation. Through Goldmoney Personal and Goldmoney Business, anyone with internet access can buy, sell, transfer, earn, or redeem physical allocated gold on the network. Goldmoney Wealth offers bespoke precious metals custody and wealth services, trading and execution, card services, tax-free retirement accounts and independent research to high net worth individual investors and institutions. Goldmoney Inc. has more than 1.22 million user signups from more than 150 countries and $1.85 billion in client assets under administration (as at August 30, 2016). Together, Goldmoney Personal and Business are regulated as a Dealer in Precious Metals by the Financial Transactions and Reports Analysis Centre of Canada. Goldmoney Wealth is regulated as a Money Services Business by the Jersey Financial Services Commission. For more information about Goldmoney, visit goldmoney.com.

Forward-Looking Statements

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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.