Malbex Resources Inc. (company) announced that it has closed its change of business transaction pursuant to the policies of the TSX Venture Exchange with Samara Capital Inc. (Samara) and become a merchant banking and financial advisory company focused on the small-cap market, with investments in cryptocurrency and blockchain sectors (New Business). Pursuant to the transaction, the company has retained Samara to provide the services of Ben Cubitt as the new Chief Executive Officer of Malbex to develop, manage and carry on the New Business pursuant to the terms of a management services agreement to be entered into between Malbex and Samara (Management Services Agreement) and a board approved investment policy. On closing of the proposed Transaction, individuals with capital markets, blockchain and cryptocurrency investment experience have been appointed to the board of Malbex.

Malbex's leadership team following completion of the Transaction includes the following seasoned executives and directors: Ben Cubitt, CFA (CEO and Director): Ben has been working for the past 16 years at two of the most successful hedge funds in Canada. For the first 9 years he was at MMCAP. He has also served as a director of Selwyn Resources from 2013 to 2015.

Dan Crandall, CPA, CA (CFO): In addition to acting as the Company's Chief Financial Officer for the previous three years, Mr. Crandall is a Senior Manager at Marrelli Support Services Inc., providing CFO, accounting, regulatory compliance, and management advisory services to numerous issuers on the TSX, TSX-Venture and other Canadian and US exchanges. Josh Crumb (Director): Mr. Crumb is a co-founder of Goldmoney Inc. (formerly BitGold Inc.) and its Chief Financial Officer since 2017. Mr. Crumb is also the Founder of BlockVault Inc. Mr. Crumb was previously an Executive Director at Goldman Sachs - the Senior Metals Strategist in the Global Economics, Commodities and Strategy Research Division, and a Director of Corporate Development at the Lundin Group of Companies.

Stefan Wieler, CFA. (Director): Stefan Wieler is a Director and Vice President of Goldmoney Inc., and its crypto-focused subsidiary BlockVault AG based in Zug, Switzerland. Stefan previously worked for over 10 years at some of the world's top financial institutions, including a role as an Executive Director and senior commodity strategist at Goldman Sachs, Head of Research for BBL Commodities, and as the head of commodity research (buy side) at Julius Baer in Zurich.

Justin Oliver, CPA, CA. (Director): Justin has more than 15 years of experience in the investment industry, specializing in exchange traded funds, new innovative ways to deliver financial advice, capital markets and mutual funds. Justin currently works at BMO as a V.P. for ETFs helping to raise awareness and educate various types of institutions on ETFs and the value of their use.

The prior directors of the Corporation, being Messrs. Terry MacGibbon, Frank Davis, and Robert Lowe, have resigned from the board. Mr. Joe Hamilton has resigned as a director of the Corporation and as CEO and President.