~Financing facility payout generates $500,000 gain over term of the investment~

VANCOUVER, BC – August 17, 2020 – TIMIA Capital Corporation (“TIMIA” or the “Company”) (TSX-V:TCA/OTC: TIMCF) announced today that its previously announced financing for Wagepoint Inc. (“Wagepoint”), of Waterloo, Ontario has been paid out. Since the initial financing, originally completed in December 2017, Wagepoint has paid TIMIA $2,700,000 in a combination of return of principal, interest and early redemption payments. The buyout of this financing is expected to generate a gain of approximately $500,000, which will positively impact the Company’s Q3 2020 consolidated results.

“Wagepoint is another success story for TIMIA’s non-dilutive financing model allowing entrepreneurs to grow their companies without impacting their capital structure,” said Mike Walkinshaw, CEO of TIMIA. “The non-dilutive funds provided by TIMIA helped the maker of payroll automation software grow significantly over the past two years. Furthermore, TIMIA’s successful exit reflects the strength of the recurring revenue software businesses in our portfolio and their continued success during these uncertain times due to the impact of the COVID-19 pandemic.”

On December 18, 2017, the Company announced a $2 million financing facility for Wagepoint including an initial disbursement of $750,000. An additional $750,000 was disbursed in August 2018 and all disbursements have now been re-paid. The financing facility was held by TIMIA and the Company’s first limited partnership (“LP1”). The proceeds realized from the exit will be distributed to TIMIA and the holders of LP1 interests according to each holder’s proportional entitlement.

This $500,000 gain is an example of the periodic gains that TIMIA’s fintech platform has produced, having a meaningful impact on the Company’s EPS. Over its five year history, TIMIA has exited 9 revenue finance investments, out of the total of 28 investments it has made, generating total gains of over $2.4M in its consolidated income statement. Furthermore, from the inception of the revenue financing model to date, TIMIA has never realized a loss of capital on any of its investments.

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 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

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) regarding the distribution of proceeds from the exit to TIMIA and the holders of LP1 interests and 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.