Mr. Donald Coulter reports

MCAN FINANCIAL GROUP ANNOUNCES FINAL VOTING RESULTS

MCAN Mortgage Corp. d/b/a (doing business as) MCAN Financial Group today declared the final director election results from MCAN's 2024 annual general meeting of shareholders held on May 7, 2024.

By a vote by ballot, the director nominees listed in the attached table were all elected as directors of the company to serve until the next annual meeting of shareholders of the company or until their resignations or their successors are elected or appointed.

The number of shares, which were voted in favour of or withheld from voting by ballot for the election of each such director nominee, and such number as a percentage of the votes cast, were as shown in the attached table.

About MCAN Mortgage Corp.

MCAN Mortgage d/b/a MCAN Financial Group is a public company listed on the Toronto Stock Exchange under the symbol MKP and is a reporting issuer in all provinces and territories in Canada. MCAN also qualifies as a mortgage investment corporation (MIC) under the Income Tax Act (Canada). MCAN is the largest MIC in Canada and the only federally regulated MIC.

MCAN's primary objective is to generate a reliable stream of income by investing in a diversified portfolio of Canadian mortgages, including residential mortgages, residential construction, non-residential construction and commercial loans, as well as other types of securities, loans and real estate investments. MCAN employs leverage by issuing term deposits that are eligible for Canada Deposit Insurance Corp. deposit insurance. MCAN is investing in communities and homes for Canadians.