Hank Reports Results of 2022 AGM and Appointment of New Independent Director

Toronto, Ontario--(Newsfile Corp. - November 21, 2022) - Hank Payments Corp. (TSXV: HANK) ("Hank" or the "Company"), is a North American leader in consumer Fintech Software-as-a-Service (SaaS) that provides a platform that manages consumer cash flow and budgets on an automated basis using proprietary algorithms. The Annual General and Special Meeting of Shareholders was held November 18, 2022 and the Company is pleased to report that all resolutions were approved with the majority of shareholders voting in favor in all resolutions. The resolutions passed are listed below:

1. Fixing the number of directors at four and electing Michael Hilmer, Jason Ewart, Timothy Farley and Jennifer Fallon as the directors of the Company for the ensuing year;

2. Re-appointing McGovern Hurley LLP as the Company's auditors;

3. Re-approval of the Company's omnibus equity incentive plan with certain amendments, including a small increase in the number of shares reserved under the plan and to comply with the new TSX Venture Exchange Policy 4.4; and

4. The continuance of the Company from the Canada Business Corporations Act to the provincial jurisdiction of Ontario under the Business Corporations Act (Ontario), which will take effect on November 22, 2022.

Ms. Jennifer Fallon is the newly elected Director of the Company. Jennifer is a serial entrepreneur with a strong background in start-up's, sales & marketing and financial analysis. She has led and participated in many financings as well as several M&A transactions. Jennifer began her career at Deloitte where she focused on high-tech and manufacturing clients and received her Bachelor of Science in Accounting from Providence College. Jennifer currently advises companies on their growth, strategy and financing plans.

"We are pleased to welcome Jennifer as an independent member of the Board of Directors. She shares our commitment to high standards of corporate governance and we are confident that her extensive experience and network will be very constructive as we advance Hank into many new markets," said Michael Hilmer, Chief Executive Officer and Chairperson of Hank Payments.

About Hank Payments Corp.

Hank Payments Corp (the Company or "Hank") is a North American leader in consumer Fintech Software-as-a-Service (SaaS) that provides a platform that manages consumer cash flow and budgets on an automated basis using proprietary algorithms that collect, store and disburse cash as required to discharge obligations in a timely fashion. The Company historically operated exclusively across the USA, with certain leadership and technology functions in Toronto. Hank houses the complex technology, banking, treasury, customer service, sales and operations teams that acquire and service consumers. Hank currently charges upfront enrolment/setup fees and recurring monthly fees based on the types and quantity of payments that Hank Payments administers for the consumer (the "Users"). The Company acquires Users through various channels including (i) small to medium sized enterprises (the "SME Partners") and (ii) large enterprise businesses (the "Enterprise Partners"). The Company does not take balance sheet risk when managing loan and other household payments for Users as it does not lend funds or bridge cash shortfalls. All of Hank's current revenues are derived from usage and licensing fees.

Forward-Looking Statements

This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. These statements are based on the Company's expectations, estimates, forecasts, and projections and include, without limitation, statements regarding the future success of the Company's business. Financial performance figures in Canadian Dollars unless otherwise indicated by "U" representing United States Dollars.

The forward-looking statements in this news release are based on certain assumptions, including, without limitation, the Shares beginning trading on the TSXV. The forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT:

For more information regarding Hank Payments Corp., please contact: Jason Ewart, EVP Capital Markets, at 416-580-0721. For Investor Relations please contact ir@hankpayments.com and visit the Company's website at www.hankpayments.com.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/145049