Mr. Jason Roos reports

MOUNT LOGAN CAPITAL INC. ANNOUNCES TRANSACTION WITH CANACCORD GENUITY G VENTURES CORP. WILL NOT PROCEED

The board of directors of Canaccord Genuity G Ventures Corp. (G-Corp) has determined that it does not believe that G-Corp will receive the regulatory approvals required to extend G-Corp's permitted timeline to complete the proposed qualifying transaction with Mount Logan Capital Inc. The transaction will not be proceeding, and G-Corp intends to wind up in accordance with its articles and the policies of Cboe Canada, the new business name of Neo Exchange Inc.

About Mount Logan Capital Inc.

Mount Logan Capital is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market, and the reinsurance of annuity products, primarily through its wholly owned subsidiaries, Mount Logan Management LLC (ML Management) and Ability Insurance Company, respectively. The company also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

Ability Insurance is a Nebraska-domiciled insurer and reinsurer of long-term-care policies acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is unique in the insurance industry in that its long-term-care portfolio's morbidity risk has been largely reinsured to third parties, and Ability is no longer insuring or reinsuring new long-term-care risk.

We seek Safe Harbor.