Mr. William Hahn reports

DELPHX ANNOUNCES GRANT OF STOCK OPTIONS

Delphx Capital Markets Inc.'s board of directors has approved the grant of 2,325,000 stock options to eligible participants under its stock option plan. The options have a two-year maturity and are exercisable for common shares of Delphx at an exercise price of 25 cents per common share, all in accordance with the plan.

About Delphx Capital Markets Inc.

Delphx is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special-purpose vehicle, Quantem LLC, the company enables fixed income dealers to offer new private placement securities that optimally transfer and diffuse credit risk, while allowing the enhancement of returns. The new Delphx securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in: collateralized put options (CPOs) that provide rating change protection for underlying corporate bonds; collateralized reference notes (CRNs) that enable hedge funds and others to take on rating downgrade exposure of an underlying corporate bond in exchange for attractive returns.

All CPOs and CRNs are fully collateralized and held in custody by BNY Mellon. CPOs and CRNs are proprietary products created and owned by Delphx Capital Markets.