Mr. John Richardson reports

TIER ONE CAPITAL LIMITED PARTNERSHIP ANNOUNCES FILING OF EXECUTIVE COMPENSATION DISCLOSURE AND NEW INVESTMENTS

Tier One Capital LP has filed its executive compensation disclosure for the year ended Dec. 31, 2015. The 2015 executive compensation disclosure discloses compensation considered to be directly or indirectly payable, awarded, granted, given or otherwise provided by the limited partnership to each director and to each individual that is considered a named executive officer of the limited partnership under applicable securities laws. The 2015 executive compensation disclosure also addresses the disclosure that would have been required in a similar filing in respect of the year ended Dec. 31, 2014, for the period from July 11, 2014, to Dec. 31, 2014. The 2015 executive compensation disclosure is available on the limited partnership's SEDAR profile.

The limited partnership is also pleased to report that it closed three high-yield debt financings in April and May, 2016, for a total amount of $4,375,000. The limited partnership's total debt portfolio is now over $25.7-million, with a weighted average annual yield of 14.5 per cent.