Banxa Announces Key Board Changes - Seite 2

The Company extends its appreciation to Domenic Carosa, who served as its Chairman for 10 years and helped steer the company from a small startup in Melbourne, Australia towards a global TSXv listed company. His vision and unwavering commitment have been instrumental in shaping Banxa's trajectory within the crypto industry. The Company also thanks Matthew Cain for his services since the listing of Banxa onto the TSXv.

Leigh Travers' Bio:

Mr. Leigh Travers is an accomplished fintech executive with major roles across a number of high-growth companies. He has enjoyed a near 10-year career within the crypto-asset industry with experience across both executive and board positions, including the first publicly listed crypto firm on the Australian Securities Exchange and the largest crypto exchange in the Australian market. Mr. Travers has experience within the US payments industry and cross-border payments in both board and executive roles. In a non-executive capacity, Mr. Travers was a director of NASDAQ Listed Aura Fat Projects Acquisition Corporation. Mr. Travers also helped drive the responsible adoption of blockchain technology by industries and governments across Australia while serving as director, Chairman, and Treasurer of Australia’s blockchain industry body, Blockchain Australia Ltd.

Dominet Nomination Agreement :

Banxa and Dominet have entered into a nomination rights agreement pursuant to which, among other things, so long as Dominet and its affiliates own at least 12% of the outstanding common shares in the capital of Banxa it will have the right to nominate one director to the Board. Dominet has designated Leigh Travers as its nominee. Dominet currently holds over 13.5% of the outstanding common shares in the capital of Banxa.

CONTACTS

Investors:
Zafer Qureshi
[e-mail]

Media:
Wachsman
Ethan Lyle
[e-mail]

ON BEHALF OF THE BOARD OF DIRECTORS
Per: "Zafer Qureshi”
Zafer Qureshi = Director and Head, Corporate Affairs, [phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains statements including “forward-looking information” (“Forward-looking statements”). Forward-looking statements in this news release include statements regarding the date of the Meeting. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will hold the Meeting on the expected date. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks may include, among others that the Company will hold the Meeting on the expected date. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.