Mr. Andrew Parks reports

FOUNTAIN ASSET CORP. ANNOUNCES GRANT OF RESTRICTED SHARE UNITS

Fountain Asset Corp.'s board of directors has approved the granting of 1.55 million restricted share units pursuant to the company's equity incentive plan to certain directors and officers of the company subject to TSX Venture Exchange approval.

About Fountain Asset Corp.

Fountain Asset is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as marijuana, oil and gas, mining, real estate, manufacturing, retail, financial services, and biotechnology.