Mr. Dave Rice of Hampton reports

HAMPTON SECURITIES LIMITED ANNOUNCES CLOSING OF $2.35 MILLION LIFE PRIVATE PLACEMENT OF UNITS FOR 01 QUANTUM INC

Hampton Financial Corp. subsidiary Hampton Securities Ltd. has seen the closing of a commercially reasonable effort private placement of 4,892,499 units at a price of 48 cents per unit of 01 Quantum Inc., being one of the first-to-market, enterprise-level cybersecurity providers for the quantum computing era.

Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant is exercisable at 75 cents for a period of 36 months from the closing of the offering.

Hampton acted as the sole agent on the offering which was completed on a commercially reasonable effort basis. As consideration for its services, Hampton received a cash fee equal to 7 per cent of the gross proceeds of the offering. In addition, the company issued to the agent 342,475 compensation options. Each compensation option entitles the agent to purchase one common share at the offering price for a period of 36 months from the closing of the offering. The compensation options are non-transferable, and the securities issued on exercise of the compensation options are subject to a hold period that expires four months and one day after issuance.

The company intends to use the net proceeds from the offering to advance its product development initiatives, to expand its product development and sales and marketing teams, to accelerate commercialization efforts of its technology and commercial applications, and for general working capital needs as further described in the offering document (as defined below).

The company relied on Part 5A of National Instrument 45-106 (Prospectus Exemptions), as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) for the issuance of units pursuant to the offering, and, as such, the securities underlying the units are not subject to resale restrictions.

About Hampton Securities Ltd.

Hampton Securities is a full-service investment dealer based in Toronto. HSL is actively engaged in family office, wealth management, institutional service and capital market activities where it provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad.

HSL is regulated by Canadian Investment Regulatory Organization and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario and Quebec. In addition, the company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad, and HSL's corporate finance group provides early-stage, providing companies the capital they need to create value for investors. HSL continues to develop its wealth management, advisory team and principal agent programs, which offer to the industry's most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support and tax effectiveness as they build and manage their professional practice.

Hampton Securities is a wholly owned subsidiary of Hampton Financial.

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