~Financing for California-based software company becomes third transaction in two weeks for TIMIA~

VANCOUVER, BC – May 10, 2019 – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA/OTC: TIMCF) announced that it has entered into a US$2 million investment facility for Los Gatos, California, based software company Metazoa, Inc. (“Metazoa”). The financing facility includes an initial disbursement of US$600,000 which has been advanced, and a further US$1,400,000 to be disbursed upon certain milestones being met over the term of the agreement.

“We’ve increased our pace of investment, penning three transactions in the last two weeks,” said Greg Smith, CIO of TIMIA. “We look for great companies, like Metazoa, who continue to grow their business and see the benefit of non-dilutive capital as a funding mechanism for this growth.”

“Metazoa has been growing due to the clear market need for Salesforce release and Org management solutions,” said Jennifer Mercer, CEO at Metazoa. “We were seeking non-dilutive investment options to help fuel our growth and TIMIA’s revenue financing approach was the perfect fit for us. The team was a pleasure to work with and the deal was done within weeks.”

See Mike Walkinshaw, CEO of TIMIA, discuss the Metazoa Transaction through a Proactive Investors interview with Steve Darling: https://youtu.be/WqwdYCFBVAU

TIMIA is continuously seeking new and exciting investments in the software as a service or SaaS industry. Under TIMIA’s revenue-based financing model, TIMIA advances capital to a SaaS business with a recurring revenue stream that allows the portfolio company to make monthly payments to TIMIA that are a combination of principal and interest with a repayment schedule sculpted to the portfolio company’s revenue streams. The amounts advanced are secured and may be repaid early. The Company expects to make further investments in the coming months, in the pursuit of its business model, which is to earn a combination of monthly payments and periodic gains on investments.

About Metazoa
Located in California, Metazoa is dedicated to building, marketing, supporting, and selling Snapshot, the world’s finest Change and Release Management application for Salesforce. Metazoa was founded in 2018 by key members of DreamFactory Software. The team built the first AppExchange application back in 2006, and has constantly improved Snapshot for over 10 years. Metazoa can help you establish a Change and Release Management practice, and they have a lot of experience with specific technical issues regarding the Metadata API. Designed for Salesforce administrators, Snapshot is the ultimate tool for org cleanup, reporting, auditing, comparison and lifecycle management. Features include metadata migration from sandbox to production, reporting on compliance and security, continuous integration, and Salesforce DX compatibility. Snapshot is available as a managed package on the AppExchange. The link for the AppExchange listing is https://appexchange.salesforce.com/appxListingDetail?listingId=a0N300000016YhyEAE

About TIMIA Capital Corporation
TIMIA Capital Corporation is a specialty finance company that provides growth capital to technology companies in exchange for payments based on monthly revenue. This alternative financing option complements both debt and equity financing, while allowing entrepreneurs and existing stakeholders to retain ownership and control of their business. TIMIA’s singular focus is the fast growing, global, business-to-business Software-as-a-Service (or SaaS) segment. We align ourselves with entrepreneurial management teams growing their sales from $1 Million to $10 Million in Annual Recurring Revenue. For more information about TIMIA Capital Corporation, please visit www.timiacapital.com

For more information, please contact:
Darren Seed
Vice President, Capital Markets & Communications
Mike Walkinshaw, CEO
TIMIA Capital Corporation
(604) 398-8839
IR@timiacapital.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 news release.

Forward-Looking Information
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, “forward-looking statements”). Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions, and within this news release include any statements (express or implied) respecting further disbursements upon the completion of certain milestones and expectations regarding making further investments in the coming months. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the following assumptions: that the Company and its investee companies are able to meet their respective future objectives and priorities, assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company. Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Timia’s business. Material risks and uncertainties applicable to the forward-looking statements set out herein include, but are not limited to, the Company having insufficient financial resources to achieve its objectives; availability of further investments that are appropriate for the Company on terms that it finds acceptable or at all; successful completion of exits from investments on terms that constitute a gain when no such exits are currently anticipated; intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Timia has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Timia. Accordingly, readers should not place undue reliance on forward-looking statements. Timia undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.