_{BMO GOLDRs® were issued by the Vaulted Gold Bullion Trust (the "Trust"). The objective of the Trust is to provide a secure, convenient and transparent way for investors to invest in unencumbered, allocated, physical gold bullion ("Gold Bullion") on a spot basis. BMO GOLDRs® are not issued by (or guaranteed by) Bank of Montreal and are not bank deposits. BMO GOLDRs® are not listed on a securities exchange and were offered through BMO Capital Markets Corp., acting as underwriter. BMO Capital Markets Corp. will enter into dealer agreements with certain third parties that are registered broker-dealers, or banks or trust companies regulated by the Office of the Comptroller of the Currency and/or one or more state banking regulators that are either direct or indirect DTC participants ("Authorized Participants"). Only Authorized Participants will be involved in the distribution of BMO GOLDRs®. BMO GOLDRs® may be redeemed through Authorized Participants or through a registered broker-dealer or similar entity that is not an Authorized Participant. Under no circumstances can any purchase of BMO GOLDRs® be made with borrowed funds or leverage from, or on margin provided by, an Authorized Participant. While BMO currently intends to repurchase Gold Bullion for cash upon the request of holders based on the market price for the Gold Bullion, it is under no obligation to do so, and may cease such repurchases at any time. Physical delivery of Gold Bullion may be suspended by the Trust in certain circumstances and is only available in certain states. A holder will be required to pay a delivery fee and applicable taxes to receive physical gold. BMO GOLDRs® were issued by the Trust. The Trust is neither an investment company registered under the U.S. Investment Company Act of 1940 nor a commodity pool for purposes of the U.S. Commodity Exchange Act. The Trust is not actively managed. BMO GOLDRs® are not interests in, nor obligations of, Bank of Montreal. An investment in BMO GOLDRs® may not be appropriate for all investors and is subject to significant risks and investors should carefully consider the risk factors contained in the prospectus Investors can review the prospectus, including "Risk Factors", by clicking here. BMO GOLDR s were issued pursuant to a registration statement that was previously filed with, and declared effective by, the U.S. Securities and Exchange Commission (SEC). On December 1, 2021 , the Vaulted Gold Bullion Trust (the “Trust”) filed a Form 15 with the U.S. Securities and Exchange Commission (the “SEC”), informing the SEC that the Trust’s duty to file reports required under Section 15(d) of the U.S. Securities and Exchange Act of 1934 (the “Exchange Act”) has been automatically suspended pursuant to the Exchange Act. In connection with the foregoing, the Trust and BMO instructed the Trustee and Underwriter to suspend the offer and sale of receipts effective immediately. Effective immediately and until such time the Trust and BMO provides notice to the contrary, no new GOLDRs shall be available for purchase or will be issued. Therefore, the Trust will not be issuing new GOLDRs to investors. This website does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the BMO GOLDRs® in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. On December 1, 2021, the Trust filed a Form 15, giving notice to the SEC that its duty to file reports with the SEC has been automatically suspended under Section 15(d) of the Exchange Act conform to edits above. The Trust will not be issuing new GOLDRs to investors.}