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Heritage Global Inc. Appoints New Member to Board of Directors

Heritage Global Inc. (OTCQB: HGBL, CSE: HGP) ("Heritage Global," "HGI" or "the Company"), a diversified financial services company providing asset-based acquisition, disposition, valuation, and lending services, today announced the appointment of Barbara Sinsley to its Board of Directors. Ms. Sinsley will also serve on the Company’s Audit Committee.

"Barbara brings an impressive background and deep sector expertise that aligns well with our expanding Heritage Global Capital (HGC) business. Lending activity continues to build even in this challenging environment on the heels of the two senior secured credit facilities that we recently closed. We are excited to leverage Barbara’s proven expertise and benefit from her guidance as we continue to grow the Company," stated Ross Dove, Chief Executive Officer of Heritage Global Inc.

Ms. Sinsley specializes in working with technology and fintech platform service providers focused in payments, security, compliance, and data privacy. Ms. Sinsley currently serves as Chief Legal Officer and is on the Board of Directors for Remitter USA Inc., a fintech company and also serves as Chief Legal Officer for meldCX USA Inc., a commercial app building company. Previously, Ms. Sinsley was the General Counsel and Chief Compliance Officer of FactorTrust Inc., a credit reporting agency sold to TransUnion. Ms. Sinsley has worked closely with the CFPB, Federal Trade Commission, and State Legislatures to craft legislation and solutions for the consumer finance industry and consumers.

About Heritage Global Inc. (www.heritageglobalinc.com)

Heritage Global Inc. (OTCQB: HGBL, CSE: HGP) is a diversified financial services company providing asset-based acquisition, disposition, valuation, and lending services. Heritage Global focuses on identifying, valuing, acquiring and monetizing underlying tangible and intangible assets across twenty-eight global sectors. The company acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, accounts receivable portfolios, intellectual property, and entire business enterprises.

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Contacts

Scott West
Chief Financial Officer
Heritage Global Inc.
858/847-0656

Investor Relations
InvestorRelations@hginc.com
858/242-4741