Mr. Russell Kalmacoff reports

ROCKMOUNT CAPITAL CORPORATION ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING

Rockmount Capital Corp. has completed its initial public offering of 3.5 million common shares in the capital of the corporation at a purchase price of 10 cents per common share by way of a prospectus for gross proceeds of $350,000. On Dec. 12, 2023, the TSX Venture Exchange issued a bulletin approving the listing of the common shares as of market open on Dec. 14, 2023, and immediately halting trading pending completion of closing of the offering. The common shares will begin trading under the ticker symbol RSC.P on or about Dec. 18, 2023.

Following completion of the offering, the corporation has 6.6 million common shares issued and outstanding, 3,362,500 of which are subject to escrow restrictions pursuant to policies of the exchange.

Canaccord Genuity Corp. acted as agent in connection with the offering. For its services, the agent received a corporate finance fee, a commission in the amount equal to 10 per cent of the gross proceeds of the offering, and additional consideration comprising agent share purchase options in an aggregate amount equal to 10 per cent of the common shares issued pursuant to the offering registered in the name of the agent or as the agent may otherwise direct. Each agent option will entitle the holder thereof to acquire one common share in the capital of the corporation at an exercise price of 10 cents per common share, expiring on the date that is five years from the date of the listing and posting of the common shares on the TSX Venture Exchange.

Concurrent with the closing of the offering, the corporation also granted options to acquire an aggregate of 218,000 common shares at an exercise price of 10 cents per common share to the directors and officers of the corporation, which expire five years from the closing date. For more information, please refer to the corporation's final prospectus dated Sept. 18, 2023.

The current directors of the corporation are Russell J. Kalmacoff, Jason B. Lewis, Dale W. Bossert, Thomas A. Holloway, Antonia E. Kalmacoff, R. Scott Penner and Leo de Bever.

The net proceeds of the offering, together with the proceeds from prior sales of common shares, will be used by the corporation to identify and evaluate assets or businesses for acquisition with a view to completing a qualifying transaction under the capital pool company program of the exchange.

Dentons Canada LLP acted as legal counsel to the corporation and Heighington Law acted as counsel to the agent.

We seek Safe Harbor.