Malbex Resources Inc. Announces Shareholder Approval of Name Change; Results of Annual General Meeting

TORONTO, Aug. 27, 2018 - Malbex Resources Inc. ("Malbex" or the "Company") (TSX-V:MBG)  is pleased to announce the results of its annual general and special meeting of shareholders held on August 16, 2018 (the "Meeting").

The Company put forward the following resolutions to be voted on by the shareholders at the Meeting, all of which were approved: (i) to elect the directors of the Company for the ensuing year; (ii) to appoint MNP LLP, Chartered Accountants, as auditor of the Company for the ensuing year and to authorize the directors of the Company to fix the remuneration of the auditor; (iii) the ratification and approval of the Share Option Plan; and (iv) a special resolution approving the change of name of the Company from "Malbex Resources Inc." to "COIN HODL INC".

The Company is taking steps to implement the name change and will file a press release confirming the effective date in due course.

Each of the directors elected at the Meeting, being Ben Cubitt, Josh Crumb, Stefan Wieler, and Justin Oliver, will hold office until the next annual meeting of the Company or until their earlier resignation or removal.

Further information with respect to the matters considered at the Meeting can be found in the management information circular dated July 18, 2018, which is available under the Company's issuer profile at www.sedar.com.

A total of 3,419,992 common shares of the 14,654,730 common shares of the Company that were outstanding as at the record date were voted at the Meeting, representing 23.34% of such shares.


New Website

The Company is pleased to announce the unveiling of its new website which can be accessed at https://www.coinhodlinc.com/. The site includes information about the Company's investment strategy, its management team and its regulatory filings. The website also reflects the Company's recent change of business and change of name.


DISCLAIMER & READER ADVISORY

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

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties' current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to name change, including obtaining necessary regulatory approvals. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The forward looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.  Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

SOURCE Malbex Resources Inc.



Contact

Ben Cubitt, CEO
(416) 479-5408
bcubitt@samarafunds.com