Midpoint Holdings Ltd. (TSXV: MPT) ('Midpoint' or the 'Company') is pleased to announce a proposed private placement for up to an aggregate of $1,000,000 (the 'Private Placement'), pursuant to which the Company plans to issue up to an aggregate of 12,500,000 post-consolidation (on a proposed one new for four old basis; the 'Consolidation') units of the Company (each, a 'Share'), at proposed subscription price of $0.08 per post-Consolidation Unit, with each Unit being comprised of one post-Consolidation common share (each a 'Common Share') and one post-Consolidation transferable common share purchase warrant (each, a 'Warrant') in the capital of the Company, and with each Warrant entitling the holder thereof to purchase one additional common share of the Company (each, a 'Warrant Share') for a period of three years from closing at an exercise price of $0.20 per Warrant Share.

The Shares being issued as part of the Units, together with Warrant Shares issued upon the exercise of any of the Warrants, in connection with the completion of the Private Placement, will be subject to a hold period of four months and a day from the date of issuance in each instance.

About Midpoint

Headquartered in London, Midpoint is an FCA authorized payments institution with the world's first authentic peer-to-peer ('P2P') foreign exchange marketplace. SMEs, overseas professionals, property owners, foreign students, individuals and anyone involved in international payments, use Midpoint's US patent protected platform for transparent, multi-party, multi-currency services. Midpoint is currently handling transactions in 23 currencies with the ability to collect and transfer across 72 countries. This highly secure platform provides customers with the most cost-effective FX at the midpoint of the interbank buy/sell rate therefore removing the spread as well as hidden costs and fees.

Contact:

Tel: (250) 352-7667

Forward-looking information

This news release contains certain 'forward-looking information' within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'would', 'potential', 'proposed' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint's Management's Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forwardlooking information.

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