Mr. Stephane Ouellette reports

FRNT GRANTS STOCK OPTIONS

FRNT Financial Inc. has granted 800,000 stock options to David Washburn, president of the company (the optionee), pursuant to the company's stock option plan. The options will vest in eight equal instalments every three months, with the first vesting date on Dec. 6, 2023. Each option is exercisable, for a period of five years from the applicable vesting date, to acquire one common share of the company, with 500,000 of the options exercisable at an exercise price of 40 cents, 200,000 of the options exercisable at an exercise price of 75 cents and 100,000 of the options exercisable at an exercise price of $1.00.

In addition, the company has negotiated with the optionee to amend the vesting provisions of the optionee's previously issued 800,000 options. The optionee's previously issued options were scheduled to vest in 12 equal quarterly instalments, with each such option being exercisable for one common share at an exercise price of $1.50 for a period of five years from the date of vesting of such option. Pursuant to the amendment, the first 10 instalments of options will now vest on Feb. 20, 2025. All other terms of the previously issued options remain the same.

About FRNT Financial Inc.

FRNT is an institutional capital markets and advisory platform focused on digital assets. FRNT, through a technology-forward and compliant operation, aims to bridge the worlds of traditional and Web-based finance. Partnering with both financial institutions and crypto native firms, FRNT operates five synergistic business lines including deliverable trading services, institutional structured derivative products, merchant banking, advisory and consulting, and principal investments ad trading. Co-founded in 2018 by chief executive officer Stephane Ouellette, FRNT is a global firm headquartered in Toronto, Canada.

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