Newt Corporation Announces Appointment of New Advisor to the Board

May 6, 2019 – Toronto, Ontario – Newt Corporation (“Newt” or the “Company”), one of
Canada’s leading financial technology companies, is delighted to announce the
appointment of Mr. Brian Fox to the Advisory Board.

With over 25 years of management experience, Mr. Brian Fox is an advisor and consultant
to companies in the payment processing, remittance and payment systems sector. He has
served at companies such as Prepaid Nation, and held various executive positions within
Western Union Canada, such as Senior Vice President, Director of Marketing, Field
Marketing and Director of Business Development for over 12 years. Mr. Fox holds a
Degree in Business and Marketing from the Ivy School of Business of the University of
Western Ontario, in addition to a degree in Engineering.

Mr. Fox will provide ongoing counsel for Newt’s strategic direction and will be an
indispensable resource to the Newt’s leadership team, to provide the best solutions to drive
customer engagement and revenue growth.

“Mr. Fox’s experience in the payment sector for many years shall provide a wealth of
knowledge to support Newt Prepaid and Bill Payment launch. We are excited to have him
join the team”, said Justin Yunag, Newt’s Chief Technology Officer.

About Newt

Newt Corporation is a Canadian Company that aims to become a Fintech Leader in Prepaid
and Bill Payment transfers, as well as mobile and digital online payments and services.
Utilizing the latest payment processing technologies, Newt provides merchants, consumers,
and the unbanked population with cashless mobile payment services, rechargeable prepaid
cards, and other services.

By choosing Newt Payment System, end customers will take the guessing game out of
sending payments, and merchants will be empowered to provide seamless transactions in
a more secure and efficient way.

Newt’s next generation payment transfer solutions use new methods for international
digital transfers. The company’s platform has been designed from the ground up for modern
digital transfers with an ecosystem with full configurability, open API integration, and
enhanced value-added services.

For more information, visit

For further information, please contact:

Newt Corporation
100 King St. West, Suite 5700
Toronto, ON M5X 1C7

Forward – Looking Information

Certain information set forth in this news release may contain forward – looking information that
involve substantial known and unknown risks and uncertainties. This forward – looking information is
subject to numerous risks and uncertainties, certain of which are beyond the control of the Company,
including, but not limited to, the impact of general economic conditions, industry conditions, failure to
enter into a definitive agreement and complete the Acquisition, and dependence upon regulatory
approvals. Readers are cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward – looking information. The parties undertake no
obligation to update forward – looking information except as otherwise may be required by applicable
securities law.

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