Mr. Stephane Ouellette reports

FRNT FINANCIAL INC. ANNOUNCES $3.0M BROKERED FINANCING

FRNT Financial Inc. has arranged a brokered private placement offering of up to five million units of the company at a price of 60 cents per unit for aggregate gross proceeds of up to $3-million. The offering is being led by Fort Capital Securities Ltd. as the sole agent and sole bookrunner on a best efforts basis.

Each unit will comprise one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 90 cents for 36 months following the completion of the LIFE offering, subject to accelerated expiry in the event the volume-weighted average closing price of the common shares on the TSX Venture Exchange is $1.20 or more for 10 consecutive trading days, in which case the company may accelerate the expiry date of the warrants to the date that is 30 days following the issuance of a news release by the company announcing such acceleration.

The units to be issued under the LIFE offering will be offered to purchasers pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, in Alberta, British Columbia, Manitoba, Ontario and Saskatchewan. The units offered will not be subject to a hold period in accordance with applicable Canadian securities laws.

There is an offering document related to the LIFE offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors of the units should read the offering document before making an investment decision.

The company intends to use the net proceeds from the LIFE offering to continue scaling its business and building out its capital base, and for working capital and general corporate purposes, as more specifically described in the offering document. The LIFE offering is scheduled to close on or about April 30, 2024, or such other date that is within 45 days from April 5, 2024, as the company and agent may agree. The Life offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX-V.

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 and trading. Co-founded in 2018 by chief executive officer Stephane Ouellette, FRNT is a global firm headquartered in Toronto, Canada.

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