Mr. Sheldon Inwentash reports

THREED CAPITAL INC. RELEASES RESULTS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2023

ThreeD Capital Inc. has released its unaudited results as at and for the three and six months ended Dec. 31, 2023.

As at Dec. 31, 2023, the company had cash, investments and digital assets of $43.2-million.

As at Dec. 31, 2023, net asset value per share was 82 cents as compared with 79 cents as at June 30, 2023.

Sheldon Inwentash, chairman and chief executive officer of ThreeD, stated: "While global markets continue to be unpredictable and volatile, ThreeD has seen promising signs with its investments in disruptive technologies and digital assets. During this past quarter, ThreeD benefited from its strategic investments in digital assets as the company was able to realize strong gains on these investments. As we navigate through the current market conditions, the company continues to be presented with opportunities that it believes will yield significant benefits in the months and years to come."

Additionally, ThreeD announces that Lynn Chapman, CPA, CA, the company's chief financial officer and corporate secretary, is stepping down from his position with the company. Mr. Chapman was appointed to the role of CFO in February, 2021, through a service agreement between the company and Lancaster Capital Advisory Corp., a privately held corporation, of which Mr. Chapman is a director. Lancaster will continue its service agreement with the company to provide accounting and corporate secretarial services.

ThreeD would like to thank Mr. Chapman for his contributions, leadership and commitment to the company while he was CFO and wish him all the best in his future endeavours.

Pursuant to the service agreement with Lancaster, ThreeD has appointed Matthew Davis, CPA, as chief financial officer and corporate secretary of the company to replace Mr. Chapman. Prior to his appointment as CFO, Mr. Davis was the controller of the company. Mr. Davis is a chartered professional accountant of Canada (Alberta) with extensive experience in international business, corporate finance, accounting and financial reporting. He graduated with honours from the University of Calgary with a bachelor of commerce in accounting. Mr. Davis started his career with PricewaterhouseCoopers in Calgary, Canada, where he worked as an auditor of both public and private companies. He currently serves as a director at Lancaster.

About ThreeD Capital Inc.

ThreeD is a publicly traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early-stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the company's ecosystem.

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