Mr. W. Douglas Grant reports

FIRSTFUND HOLDS AGM AND GRANTS STOCK OPTIONS

Consolidated Firstfund Capital Corp.'s shareholders re-elected Cheryl A. Grant, W. Douglas Grant, Bruce J. McDonald and Stuart E. Pennington as directors of the company for the ensuing year and approved all other items of business at the annual general meeting held earlier today.

Consolidated Firstfund announces that, pursuant to its stock option plan, the company has granted incentive stock options to certain directors, officers, employees and consultants of the company, which will entitle the optionholders to purchase up to 450,000 common shares of the company at a price of 10 cents per share for a period of five years. These options are not subject to any vesting schedule and may be exercised at any time up to the expiry date of June 6, 2028. These options are subject to a hold period of four months and a day from June 6, 2023.

About Consolidated Firstfund Capital Corp.

Consolidated Firstfund (TSX Venture Exchange: FFP) 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. Consolidated 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. Consolidated 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.