Malbex Resources Inc. announced that it has entered into a non-binding letter of intent dated January 8, 2018, to complete a change of business transaction pursuant to the policies of the TSX Venture Exchange with Samara Capital Inc. and become a merchant banking and financial advisory company focused on the small-cap market, with investments in crypto currency and block chain sectors. Under the proposed Transaction, the Company intends to retain Samara to provide the services of Ben Cubitt as the new Chief Executive Officer of Malbex to develop, manage and carry on the New Business pursuant to the terms of a management services agreement to be entered into between Malbex and Samara (the "Management Services Agreement") and a board approved investment policy. On closing of the proposed Transaction, certain of the current board members will resign and individuals with capital markets, block chain and crypto currency investment experience will be appointed to the board of Malbex.

It is expected that Malbex's leadership team following completion of the Transaction will include the following seasoned executives. Ben Cubitt, CFA (Proposed CEO and Chairman). Cubitt has also served as a director of Selwyn Resources and is a vocal proponent of good corporate governance.

Dan Crandall, CPA, CA (Current CFO) In addition to acting as the Company's Chief Financial Officer for the previous three years, Mr. Crandall is a Senior Manager at Marrelli Support Services Inc., providing CFO, accounting, regulatory compliance, and management advisory services to numerous issuers on the TSX, TSX-Venture and other Canadian and US exchanges. Josh Crumb (Proposed Director) Mr. Crumb is a co-founder of Goldmoney Inc. (formerly BitGold Inc.) and its Chief Financial Officer since 2017. Stefan Wieler, CFA (Proposed Director) Stefan Wieler is a Director and Vice President of Goldmoney Inc., and BlockVault AG.

Joseph Hamilton, CFA (Current Director) Joseph Hamilton is a Founding Shareholder and Director of Malbex.