Mene Inc. Provides Update on Timing of Fourth Quarter and Full Year 2019 Earnings Results and Announces Delayed Filing of Q1 2020 Financial Disclosure

Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, today provided an update with respect to (i) the filing of its annual financial statements and related management's discussion and analysis ("MD&A") for the year ended December 31, 2019 (the “Required Annual Filings”) and, (ii) the filing of its interim financial statements and related MD&A for the three months ended March 31, 2020 (the “Required Interim Filings”). The Company is providing this update in accordance with Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements of the Ontario Securities Commission (the “Blanket Exemption Order”).

The Company is utilizing the temporary relief provided by the Blanket Exemption Order which provides a 45-day extension for periodic filings, including financial statements and management’s discussion and analysis required to be filed on or before June 1, 2020. The Company intends to make the Required Annual Filings and the Required Interim Filings, along with associate filings, by June 15, 2020 and July 14, 2020, respectively.

Recent global events pertaining to COVID-19 have impacted the Company, its employees and its directors’ ability to rely on timely information for its financial reporting obligations.

The Company ratifies that management and the Company’s insiders remain subject to an Insider Trading Black Out period as per its internal Insider Trading Policy, and confirms that there have been no material business developments since November 2019 when the Company filed its third quarter interim financial results.

About Menē Inc.

Menē crafts pure 24 karat gold and platinum jewelry that is transparently sold by gram weight. Through mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Menē was founded by Roy Sebag and Diana Widmaier-Picasso with a mission to restore the relationship between jewelry and savings. Menē empowers consumers by marrying innovative technology, timeless design, and pure precious metals to create pieces which endure as a store of value.

For more information about Menē, visit mene.com.

Forward-Looking Statements

This news release contains 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 this news release. Any statements that involve discussions with 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”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, 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.