Mr. Douglas Grant reports

FIRSTFUND REPORTS 2022 FOURTH QUARTER RESULTS

The financial results of Consolidated Firstfund Capital Corp. for the three months ended Dec. 31, 2022, show a net loss of $4,286 or nil per share (2021 -- net income of $112,464 or two cents per share). The company recorded an unrealized net loss of $81,087 (2021 -- unrealized net gain of $70,086) on the revaluation of the investments in Vitality Products Inc. measured at fair value through profit or loss. The company's fee income increased to $85,982 for the three months ended Dec. 31, 2022 (2021 -- $80,102).

The financial results of the company for the year ended Dec. 31, 2022, show a net loss of $316,748 or five cents per share (2021 -- $115,460 or two cents per share). The company recorded an unrealized net loss of $431,520 (2021 -- $210,261) on the revaluation of the investments in Vitality Products measured at fair value through profit or loss. The company's fee income increased to $330,416 for the year ended Dec. 31, 2022 (2021 -- $311,884).

The company's audited consolidated financial statements and management's discussion and analysis for the years ended Dec. 31, 2022, and 2021 are available on SEDAR.

About Consolidated Firstfund Capital Corp.

Consolidated Firstfund Capital is a venture capital and property development and management company doing business primarily in Canada and the West Coast of the United States. The company is an investment issuer listed on the TSX Venture Exchange. Firstfund has invested its capital in both private companies and publicly traded companies since 1983. The company continues to investigate other investment opportunities for its portfolio. Firstfund earns fee income for real estate development and property management activities performed on properties owned by other companies and limited partnerships managed by companies under common control.