Mr. Howard Atkinson reports

MONTFORT CAPITAL WELCOMES KEN THOMSON AS CHIEF EXECUTIVE OFFICER

Montfort Capital Corp. has appointed Ken Thomson as its new chief executive officer, stepping up from his role as chief strategy officer. This transition marks a significant moment for Montfort, reflecting the company's growth and its strategic vision for the future. Andrew Abouchar, having provided steady leadership as interim chief executive officer through a period of significant growth and change, will continue as executive director and board member.

Mr. Thomson joined Montfort Capital as chief strategy officer in 2021 following the acquisition of Pivot Financial, a private credit company he founded in 2015, and played a key role at Montfort during the acquisitions of Brightpath Capital and Langhaus Financial Partners. Mr. Thomson brings over 20 years of investment and management experience, having founded and managed several investment businesses in senior roles. He is the chair of the independent review committee of Educators Financial Group and Hazelview Securities Inc. and a member of the independent review committee of Algonquin Capital and Goodwood Inc.

"The board's decision to appoint Ken is a vote of confidence in his extensive experience and visionary leadership," said Howard Atkinson, chairman of the board for Montfort. "This smooth transition between Andrew and Ken emphasizes the stability and continuity that are hallmarks of Montfort's business approach. Ken is a seasoned entrepreneur who has been building and growing successful businesses all of his career. He demonstrates a creative and thoughtful approach towards providing alternative solutions and sees opportunities where others don't. And that is the mark of a true entrepreneur and leader."

"On behalf of the board, I would also like to extend our gratitude to Andrew Abouchar, who will increase his focus on Timia Capital's growth prospects as Ken takes on the role of CEO. Andrew's leadership over the last several months has been invaluable to our efforts, and we are pleased that he will remain with the company as a board member and adviser."

"I'm thrilled to step into the role of CEO at such a transformative time in the private credit industry," said Mr. Thomson, newly appointed chief executive officer of Montfort Capital. "Our journey so far has been nothing short of extraordinary, with our assets under management (AUM) growing from $21-million to over $290-million in just five years and assets under management and administration (AUMA) growing to over $388-million during the same period. This growth underscores the effectiveness of our business model. Through strategic acquisitions of alternative lending companies, we've not only grown significantly but also gained economies of scale and diversified the investment avenues for our shareholders and investors." Total assets were $374.4-million as at Sept. 30, 2023, and $27.1-million as at Dec. 31, 2019.

"Looking ahead, we have ambitious plans to grow Montfort further. With Blake Albright by my side as chief capital officer and the support of our highly skilled teams across our group of companies, I'm fully confident in our collective ability to take Montfort to new heights."

Montfort Capital is set to continue its trajectory of growth and innovation. With a solid foundation and a clear vision for the future, the company is well positioned to explore new opportunities and achieve its ambitious goals.

About Montfort Capital Corp.

Montfort is a trusted provider of focused private credit strategies for institutional investors, family offices and wealth managers. The company employs focused strategies, experienced management teams and advanced technology to drive superior risk-adjusted investment returns.

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