Mr. Stephane Ouellette reports

FRNT FINANCIAL ANNOUNCES RESIGNATION OF DIRECTOR

Eric Richmond has resigned from FRNT Financial Inc.'s board of directors, effective June 29, 2026.

Mr. Richmond has been appointed chief executive officer of Coinbase Canada. In light of this appointment, it was determined that his continued service as a director of FRNT would represent a conflict of interest. The company thanks Mr. Richmond for his contributions and service to the board and wishes him success in his new role.

As previously announced on May 13, 2026, the company continues to advance its formal review of strategic alternatives intended to maximize shareholder value. In parallel with the strategic review, the board intends to evaluate the addition of new directors who can help support the next phase of growth of the company's business. The company will provide further updates with respect to board composition and the strategic review as appropriate.

Stephane Ouellette, chief executive officer of FRNT, commented: "On behalf of the entire board, I want to thank Eric for his valued contributions to FRNT and congratulate him on his new role at Coinbase Canada. As we advance our strategic review and position the business for its next phase of growth, we look forward to strengthening our board with individuals who can help us capture the opportunities ahead."

About FRNT Financial Inc.

FRNT is a digital asset investment bank offering capital markets and advisory services to institutional investors participating in or entering the space. The company aims to bridge the worlds of traditional and Web-based finances with a technology forward and compliant operation. Business lines include deliverable trading services, structured derivative products, merchant banking, advisory, consulting, lending origination and principal investments. Headquartered in Toronto, FRNT was co-founded in 2018 by chief executive officer Stephane Ouellette.

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