Mr. Zafer Qureshi reports

BANXA ANNOUNCES SECURED LOAN OF UP TO US$5.0 MILLION

Banxa Holdings Inc. has completed a loan transaction pursuant to which the company issued a secured promissory note in the principal amount of up to $5.0-million (U.S.) to an arm's-length third party. The loan proceeds will be advanced in an initial tranche of $2.0-million (U.S.) on the date hereof, with the balance of the loan to be advanced in three successive tranches of $1.0-million (U.S.) on the first, second and third months following the date hereof. The loan will mature in six months and the outstanding principal amount of the loan will bear interest at a rate of 10 per cent per annum, payable in arrears together with the outstanding principal amount on the maturity date. The company intends to use the proceeds of the loan for working capital and general corporate purposes. The loan is not convertible into any securities of the company.

The company's obligations under the promissory note are secured by a security interest granted by the company over all of the assets of the company.

About Banxa Holdings Inc.

Banxa is the leading infrastructure provider for enabling embedded crypto, empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licences, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the United States, Europe and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets.

We seek Safe Harbor.