Mr. Andrew Abouchar reports

MONTFORT CAPITAL AND ARENA INVESTORS ANNOUNCE US$100 MILLION JOINT VENTURE FOR TIMIA CAPITAL

Montfort Capital Corp. has entered into an agreement with Arena Investors LP, a $3.5-billion (U.S.) institutional investment manager, to establish a joint venture with initial capacity to deploy up to $100-million (U.S.) of financing. Arena will provide up to $95-million (U.S.) in conjunction with $5-million (U.S.) from Montfort to capitalize the venture with up to $100-million (U.S.) of financing capacity. The purpose of the venture is to provide growth capital to entrepreneurs in the technology sector. Financing can be drawn on an as-needed basis and increased at the option of both parties should the intended financing capacity be reached in the next 12 months. Timia Capital Inc. will earn fees for servicing the venture.

Arena is a global investment firm that provides creative and flexible capital solutions for special situations. The joint venture combines Arena's extensive capital base and history of growth-oriented specialty finance with Timia's expertise in originating and managing technology focused loan portfolios, for the purpose of providing venture debt financing to technology companies in North America.

"For over two decades Arena's senior investment team has been investing in special situation asset and credit investments, with extensive prior experience in every permutation of growth-oriented and venture capital-backed finance, and we are excited to form a strategic joint venture with Timia to focus on technology companies across North America," said Victor Dupont, managing director of Arena Investors. "The opportunity in private credit remains significant and we firmly believe our joint venture will be met with substantial demand from companies seeking capital."

"The timing could not be better to combine Timia's expertise in loan origination and management of technology-focused debt, with Arena's funding capabilities," said Monique Morden, president of Timia Capital. "The recent departure of Silicon Valley Bank in March of this year, has created a significant opportunity for private credit lenders in the technology sector. Through our joint venture with Arena, Timia will be in position to fill a void left by SVB's exit and seize quantifiable market share in the lending space. With Timia's established reputation in the SaaS and broader tech industry, our team is fully equipped to effectively deploy this new funding."

"The partnership with Arena represents another significant milestone for Timia as it adds a new element of financial strength with a leading global investment firm, Arena Investors," said Andrew Abouchar, interim chief executive officer, Montfort Capital. "Arena has been a supportive common shareholder since participating in an equity financing in late 2021. Their early recognition of the value of our technology lending business further reinforces the potential and the value that Timia brings to the table. We are excited to forge a long and mutually beneficial relationship with the team at Arena."

About Montfort Capital Corp.

Montfort manages a diversified group of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee-related performance. Montfort facilitates transparency for all of its investors through public company reporting.

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