Digital Gold Currency Continues to Grow, Expanding Gold Ownership

11 February 2003 - G.M. Network Ltd., the company that developed and now operates GoldMoney - which provides digital gold currency to a growing number of customers in 102 countries worldwide - today announced that it has completed an investment round to provide it with funding for future growth. The lead investor is IAMGOLD Corporation, a major Canadian gold mining company that is publicly traded on the Toronto and American stock exchanges.

Clifford Press, chairman of GoldMoney said: "We will shortly be launching our program to enable mining companies to pay a gold dividend. The first group of gold producers is ready to go. This investment is an important milestone for the gold dividend program."

When it presented its Gold Money Policy in January 2002, IAMGOLD Corporation was the first mining company to announce a gold dividend. Other major gold producers followed its lead. More details about IAMGOLD's Gold Money Policy are available from its website:

http://www.iamgold.com/public-relations/press-releases/GoldMoneyPolicy.htm [page no longer available]

"Last year new accounts in GoldMoney grew by 13% per month on average. We expect this growth to continue as the rising gold price continues to attract attention," Press added.

As the inventor of digital gold currency, GoldMoney is setting the global standard for instantaneous, 24/7 non-repudiable payments worldwide.

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GoldMoney is digital gold currency - gold in digital form that can be spent and transferred electronically. By converting the world's oldest money into a new and much-needed digital currency, GoldMoney allows consumers, merchants and consumers to avoid the intrusion and expense of credit cards as well as the hassle of using conventional fiat currencies online. GoldMoney founder, James Turk is the creator and GoldMoney is the patent holder to this asset-based online transaction system. GoldMoney services can be accessed at GoldMoney.com.

For more information contact:
James Turk
Founder, GoldMoney
info@goldmoney.com