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dictions that have seen their curren- cies depreciate significantly the past few years. "Providing a solution for employees or local vendors to receive payment in gold through the BitGold platform provides signifi- cant optionality, allowing them to keep the payment in vaulted gold as a protection against a falling lo- cal currency, while also providing the ability to easily transfer or use the gold day to day," explained Mr. Crumb. "Our employees in Canada and Europe have been receiving part of their payroll in gold, and with the Canadian dollar and Euro down significantly, by year end they had gained an extra month worth of savings possibly for a warm weather holiday or Christmas gifts." The company is working on other opportunities specifically directed at mining companies beyond payment solutions, including moving physical bullion onto the BitGold platform or offering dividends in gold. Accord- ing to BitGold, delivering into the platform would allow the company to maintain their gold exposure while minimizing realization costs and making the inventory fungible at a moment's notice within the BitGold network. The opportunity also exists to provide optionality for dividend paying companies, offer- ing an investor the choice between receiving payment in dollars or in gold. With new online tools and features being developed by BitGold engineers, mining companies now have a range of payment options for the gold they mine. Despite accomplishing a number of significant milestones since go- ing public in May 2015, the com- pany believes that they have only scratched the surface on the poten- tial applications within the BitGold ecosystem. "With many key tools and features launched over the past nine months – including a mobile app, recurring savings program, request payment and invoicing tools, and pre-paid MasterCards – we are now positioned better than ever to target business accounts and of- fer treasury services solutions. We believe the mining sector is a logical starting point given the knowledge and existing exposure to the com- modity underlying our platform," commented Mr. Crumb. "When we look at all the banking and pay- ment services, nearly all digital and interoperable across currency, we wondered why we couldn't do the same thing with fully-reserved gold as currency on an electronic ledger," said Josh. "The debit card, the paper cheque, even access to your money from ATM machines, these are all just book keeping technologies for the movement and settlement of money, no matter what the money is. It was time to build the same technology network for gold." CONTACT: Josh Crumb josh@bitgold.com www.bitgold.com 334 Adelaide St West Toronto, Ontario Canada M5V 1R4 XAU-TSXV