BitGold Completes $59.4mm Acquisition Of GoldMoney, Building The First Global, Full-Reserve And Gold-Based Financial Services Business

1. “Gold should not be viewed as the means to make you rich, but rather,
as a means to avoid the debts that can make you poor”
-GoldMoney Inc.
July 21, 2015

2. Caution Regarding Forward-Looking Information
These Slides contain certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based
on expectations, estimates and projections as at the date of these Slides. The information in these Slides about the future plans and
objectives of the Company are forward-looking information. Other forward-looking information includes but is not limited to
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respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not
always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”,
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events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact
and may be forward-looking information and are intended to identify forward-looking information.
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 Corporation’s limited operating history; future
capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for
the Corporation to manage its planned growth and expansion; the effects of product development and need for continued
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the cost of capital; global economic climate; dilution; and volatile securities markets impacting security pricing unrelated to operating
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3. 3
Mobilizing gold for innovation in global payments and savings markets
• Megatrends in technology, demographics, internationalization,
and negative real-interest rates are driving rapid change in markets
for payments, money transfers, savings and finance
• GoldMoney Inc. seeks growth in multiple payments and savings
segments utilizing an underlying ledger and settlement technology
and a rapidly growing international client base:
• GoldMoney performs full-service precious metal custody and
trading, wealth management and research
• BitGold operates a self-directed savings platform and payments
network for individuals and businesses in high growth segments
• Ideally positioned for secular growth in cross border payments and
transfers, global e-commerce, mobile in-app & micro-transactions, and
emerging middle class savings & wealth management
“Gold is a significant percentage of global base-money, owned in every country & across
every income segment, but with no modern ‘banking’ or payment apps. Trillion dollar
markets are ripe for innovation & disruption in a new technological age for money and
real-time international transactions”
Building the first global, full-reserve financial service network by
combining the unique attributes of gold with the real-time connectivity
of the mobile-internet revolution

4. Business Highlights
Early stage, rapid growth platform for global savings, payments and e-commerce
• Delivering financial services as trusted, limited third-party service; no securities or IOUs
• BitGold network benefits are similar to bitcoin in mobile & micro transactions, but no bitcoin
volatility or anonymity risk (BitGold proudly on-shore, promotes tax & KYC/AML compliance)
Globally relevant, internet-scalable (SaaS) models w/ sticky customer lifetime value
• Internet growth strategy + global nature of gold: financial services for anyone w/ smartphone
• Ledger and settlement technology allows for minimum working capital and overhead
• Over 150,000 customers and $1.5B AUA, an initial base for rapid global growth underway
• Innovative technology, intellectual property assets, and first mover advantage to help
GoldMoney platforms achieve network effect growth in multiple payment and savings markets
• +$50B market in ETFs and online vaulting: lower cost, higher utility platform
• Innovation & disruption in the +$30B net revenue C2C transfer/remittance market
• Real-time payments and settlement in e-commerce, cross-border mobile commerce
• Differentiated global gateway to emerging middle-class wealth management
Over CAD $30mm raised and no debt (see page 20 for capital structure)
• Public funding rounds led by Dundee, GMP, Clarus and Canaccord Genuity
• Backed by Soros Brothers, Eric Sprott, Friedberg Mercantile, PowerOne Capital
“The unique characteristics of gold allows for a titled, physical asset to perform as commodity money underlying
international transactions, with GoldMoney Inc. performing financial services on a client’s underlying, fully-reserved,
fully-insured gold - minimizing counter-party risk in savings, payments & e-commerce”
4

5. Network effect for global finance
Megatrends are reshaping finance, with new-technology diffusion rates accelerating
• Payments transformed by mobile technology: new spending channels & real-time payments
• Demographics (millennial, emerging middle class) & technology are reshaping commerce
• e-commerce, m-commerce & in-store point of sale converging & internationalizing
• Spending becoming more social, increasingly focused on user experience
• Security and identity still core concerns
• Wealth and savings transformed by demographics, interest rates, regulation, innovation
• Changing behavior being met with innovation & democratization of access to services
• Mono-culture of centralized banking & finance (shaped by regulation and rate policy) is
slow to meet new user needs, creating an environment for more socialized finance
• Banks have lost their gateway as they fail to pay a real inter rate on savings
Gold as a medium for technology & a global-gateway for networked savings and payments
• GoldMoney is well positioned with technology and a differentiated global savings
gateway in gold, can be a facilitator of real-time network transactions without credit risk
• GoldMoney puts security of wealth first, with a sole focus of being on the side of the
client – a position unmatched by technology companies or centralized finance
“Technology companies are increasingly well positioned in payments and finance, driving change with real-time
connectivity and more adaptive to on-demand user experience. However, trust, security, and protection of wealth
remain core features of finance. GoldMoney is well positioned to meet both needs on a unique international scale.”
5

6. “A wave of financial innovation and disruption is taking place on top of the existing banking and fiat money
systems; GoldMoney Inc. can mirror and build market share utilizing all of this innovation, in all segments, as the
only service operating on top of vaulted gold”
Savings
HNWI and
Institutional
Wealth
• Established 2001
• +100,000 signups,
20,000 active
wealth accounts
• $1.5 Billion AUA
Allocated & Physical Vaulted Assets Under Administration
(AUA) in Gold, Silver, Platinum, Palladium
Full-Reserve Multi-Currency Accounts and Debit Card.
(2H2015)
Long term wealth management: portfolio management &
fund of fund services (2016+)
Fundamental Research in Money, Energy and Social &
Political Economy (2H2015) led by Stefan Wieler, Alasdair
Macleod and Josh Crumb


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
Savings Global vault administration for gold savings
“Robo-advisor” portfolio management (2016+)
e-wallet payments (gold to gold),
B2C: Prepaid debit card (gold to fiat)
Micro payments and & in app global payments (2H2015)
C2C: disruptive innovation in cross border transfers
gold to gold, gold to prepaid (gold to fiat, fiat to fiat - 2016)
B2B & B2C: merchant payments, invoicing, e-commerce
Consumer
Payments
Remittance
m-Payments
• Launched May ‘15
• 125,000+ signups in
first 90 days
• Over 100 countries
• Rapid Alexa ascent
• Merchant tools
summer 2015







 Available now
In development or planned
6

7. • GoldMoney Ltd. founded in 2001 by Geoff and James Turk
• Innovative leader & unmatched reputation in regulated vaulting services for gold, silver,
PGMs – the first regulated gold payment/transfer service
• Over 20,000 active wealth customers
• Over $1.5 Billion in Client Assets under Administration
• GoldMoney provides the best full-service way to trade allocated precious metals online and
arrange their secure storage in specialized bullion vaults in Canada, Hong Kong, Singapore,
Switzerland and the United Kingdom
• Added features in 2H2015: GoldMoney Prepaid card (+18kt gold card to come), mobile app, lower
dealing fees and streamlined trading execution with BitGold trade engine
• Wealth management services to be added in 2016
• Former Goldman Sachs Commodities Head of Energy Research, Stefan Wieler brought in to head
Research and Corporate Treasury Sales; co-leading research in gold, energy, FX and social &
political economy analysis with GoldMoney’s Alasdair Macleod
Vaulted PM Savings Wealth Management Research Trading & Execution
The World’s Most Trusted Precious Metal Custodian
7

8. • Self-directed savings and payments network that connects user-gold to international payment rails – targeting
millions of global users for savings, global transfer and remittance, and a global merchant network for payments
& settlement
• Network value proposition is a global, single network platform for savings and payments that’s secure (physical
value, digital information, protected from fraud), provides minimal credit and counter-party risk in all services,
and minimizes settlement risk in payments and e-commerce. The global nature of the platform and real-time
settlement can drive significant value & low cost/low risk services for users
• Profit model driven by 1% fees/spreads into and out of the this high utility, low cost network, offering value
across trillions of dollars in global transaction segments
• Key performance indicators announced monthly
• Over 125,000 user signups within 90 days of platform launch
• Users from over 100 countries
• $3.5mm transaction volume as at June 30th (total deposits, redemptions, payments/transfers)
• Over $1mm in non-purchase transaction volume within network in first 90 days
• $3.0mm in customer gold in vault network as at June 30th
• Alexa.com global website-traffic ranking climbing rapidly, within top 10,000 sites in many countries
Vaulted Savings Consumer Payments Transfers/Remittance Merchant Payments
“A new global operating system for gold”
8

9. 9
“No matter where you live in the world gold has effortlessly held its commodity value over time
relative to costs like food and energy that we require as humans, making it one the most
important savings tools for most of the human population”

10. Platform Features – Savings
Secure Gold Savings Platform Accessed via Smart Phones Globally:
• Purchase or redeem gold at 1% of spot price
• Free gold storage in vaults operated by BRINKS and insured by Lloyds of London
• Five deposit/redemption methods from multiple global currencies:
1. Direct Bank Deposit – INTERAC, UnionPay (SEPA coming)
2. Bank Transfer – SWIFT, Wire
3. Credit/Debit Cards – Major Credit Cards & China UnionPay
4. Virtual Currencies – Bitcoin (deposit only, Ripple to come)
5. Cash via BitGold ATM Machine (in development)
• All gold vaulted under customer’s name in separate legal entity
• BitGold has zero rights to customer gold (bailment Law)
• Gold is redeemable as 10g GoldCubes or 1kg Bullion Bars
• Internet's best live price alert engine
Best Practices in Compliance and KYC/AML:
• Every customer required to provide legal name, address and date of birth; valid
email + mobile phone verification
• Level 2 features & transactions >200 grams requires government ID
• Proprietary technology flags suspicious activity & screens AML risk
10

11. - Consumer Payments/Transfers
Gold for Payments & Transfers:
• Send or receive gold payments to any BitGold user globally for free
• Send gold to anyone with an email address or mobile phone
• Send gold or “post gold” transfers through social media with tipping tool
(3Q2015)
• Spend vaulted gold at traditional points of sale or withdraw local
currency from traditional ATM machines with BitGold Prepaid Card
(prepaid card in private beta – full release 3Q2015)
• Tax tool for end of year gains & loss accounting in local currency
BitGold Automated Teller Machine (ATM – 4Q2015):
• Converts up to 100 different currencies into gold, credited instantly to
the customer’s Vault Account
• Full account features: make/receive payments
• Customer acquisition tool: encourages long-term savings in gold
• Functions as a branch for BitGold service allowing for a physical
consumer-facing relationship
11

12. - Merchant Platform (2H2015)
12
Engaging a Global User Network and De-risking Settlement with Real-Time Payments
• Process BitGold network transactions from anywhere for 1% of transaction
– Accept traditional card payments, ChinaUnionPay and others
• Introduce various payment opportunities (checkout, remit, payout, donate, POS)
• Real-time settlement in local or international transactions
– Value settled immediately with gold
• Manage foreign exchange costs with one simple, globally fungible international currency in gold
– Highly useful for engaging emerging market customers using BitGold instead of local
currencies
• Simple API integration with in-app buy buttons and clean UX/UI payment completion
Empowering Users as Global Merchants with Payment Processing:
• Earn Gold by invoicing time, labor, goods or services
– Only 1% of invoice value + processing fees
• Accept VISA, MasterCard, ChinaUnionPay, Bitcoin from anyone around the world, resulting in
credit of gold grams, kilograms or tonnes in Vault
• Email an invoice or request payment
• Collect payments via tablet or mobile device
• Mobile QR code generation/scan for quick POS transactions on mobile/tablet

13. Mobile App in Development – Summer 2015
13
• Mobile onboarding, social/contacts integration, push notifications and more

14. BitGold ATM Machine (launching soon): On-boards customers in
minutes, accepts deposits of local currency funding mobile Vault
Account
BitGold Prepaid Card
(feature launched in beta)
14

15. 6 Instant Deposit Methods to Physical Gold via Patent-Pending Aurum Technology
Platform Features (Screenshots)
Over 100 Live Reference Currencies
15
Revolutionary On-Boarding, KYC/AML technology

16. Redeem physically or electronically Redeem Gold – BitGold 10g Cubes
Platform Features (Screenshots)
16

17. 17
Revenue Model
Targeted markets for early growth:
• Online and third-party gold vaulting business (and alternative to ETF for retail )
• E-gaming community
• Crypto currency market
• Cross border payments and remittances
• Invoicing and merchant business
BitGold’s revenue model is driven by internet-scalable transaction velocity and pricing
automation. BitGold makes small gold/currency conversion fees through an embedded markup
on the “best bid or offer” quoted on the Aurum exchange every time gold is bought and sold
(account funding, withdrawals, debit card purchases, ATM deposits), and through merchant fees
Network Value Proposition
The BitGold Investor Proposition is to deliver strong growth in our user base, building a
global network for both savings and transactions. Maximizing shareholder value in the long
term, achieved through growth in our users and revenues to scale, requires investment in
our users, and investment in the user experience and security of the platform
Powerful Business Model – High ratio of Customer Lifetime Value (CLV)
to Customer Acquisition Cost (CAC)

18. Media, Social & Viral
• Early media coverage and interest in the platform have greatly exceeded
expectations prior to an official PR campaign
• Feedback loops from viral growth and PR/media can lower customer acquisition
costs in a market with natural story interest and no specific competitors
• Remarkable multi-regional ascent on Alexa rankings (under 18,000 within 3mo)
• BitGold has built a strong social media following and will be increasing social
engagement with tools such as tipping and #birthdaygold
18

19. Josh Crumb – Director
Co-Founder – CSO
For purpose Businesses,
Former Sr. Metals Strategist,
Goldman Sachs
Multi-Disciplinary Team
• Katy Millington – General Counsel
• Jason Loewe – V.P. Operations & Compliance – Former Regional Compliance at Assante
• Mike Busby – Chief Design Officer – Highly regarded UX/UI designer, has worked with Adidas,
• Stefan Wieler – V.P. Research and Corporate Sales – Former head of energy research at Goldman Sachs
• Alex Potichnyj – V.P. Digital Marketing & Strategy – Former head of global marketing at OANDA
• Daniel Crandall – Chief Financial Officer – CFO to TSX Companies
• Karman Lee – Operations – Former PwC, UBS, Trafigura, Vodafone
• Emily Cornelius – Marketing and Public Relations – Former AOL Canada, Huffington Post
• 8 Software Engineers working under CTO Alessandro Premoli in Milan, Italy
Independent Directors
• Mehendra Naik – Audit Committee Chair – former AC Chair of GoldMoney Ltd, former CFO of IAMGOLD
• Dennis Peterson – Independent Director – 25+ years experience in corporate securities law
• James Eaton – Independent Director – Weatons Holdings, John David and Signy Eaton Foundation
• James Turk – Independent Director – (to be added Nov’ 15) Founder of GoldMoney.com in 2001
• Hector Fleming – Independent Director – (to be added Nov’ 15)
The GoldMoney & BitGold teams builds on decades of experience in financial services,
investment management, e-commerce & payments, software engineering, UX/UI design,
cryptography, digital security, financial service compliance, consumer marketing,
commodity market trading & macroeconomics
19
Roy Sebag – Director
Co-Founder - CEO
Former Portfolio Manager
Long/Short Equity,
Essentia Equity
Alessandro Premoli
Group CTO
Decade+ experience in
encryption, cryptography,
digital signatures
Darrell MacMullin
CEO – BitGold
Former Head of
PayPal Canada

20. Capital Structure & Financings
• 54.5mm shares O/S following completion of GoldMoney acquisition and June financing
• 7mm warrants & options (3.9mm warrants forceable at C$1.35 strike)
• Founders own and control over 20mm shares and continue to invest in GoldMoney
(and continue to work without salary - both founders are independently successful from
previous ventures and are extremely passionate about GoldMoney potential)
• $21.0mm in bought deal financing in June 2015, backed by Albert Friedberg, Co-Book
Leads: GMP, Clarus, Dundee, CannaccordGenuity
• Completed $59.4mm acquisition (11.1mm shares issued) of GoldMoney in July 2015
• First 2 months BitGold platform operating financials to be included in June 30 quarter
• First consolidated BitGold-GoldMoney operating financials in Sep 30 quarter
Capital and Liquidity as of July-GoldMoney Consolidation
• ~$30 million in cash & liquid assets (~$5 million additional post warrant exercise)
• BitGold pre-marketing cash expenditures of ~$250k/month can service first 250,000
customers due to scalable infrastructure; GoldMoney has recurring revenue base
• No material liabilities, obligations or encumbrances
20

21. Common Values & Network Principles
Putting client interest first
• We seek a network-growth business model where we deliver more value to each customer
than we expect to earn in return; where the long term return on investment in customers
provides returns to all network stakeholders with increasing efficiency, productivity, and
scaling transaction income growth
Know our clients, protect from money laundering, protect clients & the network
• The GoldMoney network is a closed network built with decentralized checks and balances
• Unlike bitcoin or other crypto currency networks, the closed ledger network of BitGold
allows for KYC protections that help prevent money laundering, fraud, and consumer
• The closed network approach allows GoldMoney to operate within regulatory requirements
and integrate safely with partners in banking, dealing, payment networks and vault services
Full-asset reserve services, minimize exogenous risk for all users of the network
• We believe core savings and payments services can operate using gold and technology
without the need for fractionally reserved deposits or securitized IOUS
To execute on our mission and grow a long term business sustainably, thus maximizing
long-term shareholder value, we must always invest in our clients and the security and
integrity of our network
The GoldMoney network and the shared business architecture through the platform is
designed to follow three core principles:
21

22. Gold as a commodity, an ideal “commodity money” for a
global closed-loop network
Gold needs to be reinvented for its commodity value in a new technological age
• We do not support the traditional gold money narrative of the gold bugs – pulling away from
society or selling fear or greed is inconsistent with our human values and isn’t relevant for
younger generations to embrace the utility of a closed-loop network with gold
• Consider a different Narrative: Gold is the only logical offline, globally neutral form-factor for
securing digital values with non-bank like risk or regulatory requirements - $11K per Cubic Inch
stored inexpensively and maintaining purchasing power over time. Gold as a physical commodity
that holds value globally is superior to local systems of debt for cross border micro transactions
• Gold as physical element Au – cubes, not coins
• Gold’s commodity value (for jewelry and heirlooms) held over millenniums due to its low marginal
transaction cost (due to it’s density and tarnish-proof properties over many exchanges), coupled with its
opportunity cost structure (gold’s commodity cost is composed of basic labor and energy, just like food)
• Gold as money was highly politicized during the centralized gold standard and ever-changing sovereign
currency regimes
• Gold as money broke down as it became an inferior medium of exchange in an inter-connected world
needing high velocity transactions in more complex economies
• However, gold’s value as a commodity will hold and grow, making it useful as a decentralized and secure
store of value
• New and superior digital money for transactions still need links to natural systems, and natural systems of
account: fiat and crypto were superior monies as a medium of exchange, but physically unanchored as a unit
of account – which negatively leads to illogical inequality and an unanchored sense of environmental cost to
growth
22

23. Well timed with a unique proposition
Source: Peter Brimelow (Forbes (1997)), Biodesic
The smart phone revolution has enabled many new multi-
billion dollar companies (bubble size represents market cap)
Source: Goldman Sachs, “Internet of Things Vol II” July 2014
• Internet technology companies are generating record earnings
• Macro cycle is right, XAU micro cycle is right
23

24. The internet is transforming from an internet of
communication to an internet of value, or
“internet of money”. This transformation will
have profound effects on the financial services
industry by democratizing access to the global
economy, potentially integrating up to 4 billion
un-banked and under-banked over the next 25
years. This transformation provides opportunity
for leadership in linking the growing market for
digital-transactions to gold, a globally neutral
asset uniquely positioned to secure digital
values and empower individuals.
- Roy and Josh
“Bitcoinhasburst,butcouldstill
revolutionizebanking”
-FinancialTimes,Oct2014
“Bitcoinisexcitingbecauseitshowshow
cheapitcanbetotransfermoney.”
-BillGates,Oct2014
“Wefindthatwhilebitcoinisunlikelyto
displacegoldasacommoditystoreof
value,focusingonthevalueofbitcoinas
acommodity,whichbitcoinwitha
lowercase“b”clearlyis,misseswhat
Bitcoinwithacapital“B”is–a
technology”
-JeffCurrie,GoldmanSachs,2014
“Callitbitgold…”
-Bloomberg,July 2014
24

25. A New Global Operating System for Gold
GoldMoney Inc.
Investors
ir@bitgold.com
1-800-854-7418
ir.bitgold.com
St. Helier (GoldMoney HQ)
32 Commercial Street.
St. Helier, Jersey, Channel Isles
JE2 3RU
United Kingdom
Toronto (BitGold HQ)
334 Adelaide St. West 3rd Floor
Toronto, Ontario
M5V 1R4
Canada