Mr. Bryan Pang reports

SOLUTION FINANCIAL INC. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID UNDER THE FACILITIES OF THE TSX

Solution Financial Inc. has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid.

Under the renewed NCIB, a total of up to 4,319,913 common shares in the capital of the company may be purchased through the facilities of the TSX and may also be made through alternative Canadian trading systems, representing 5 per cent of the issued and outstanding shares of the company, and any such purchases will be at market prices. As at Feb. 14, 2024, Solution Financial had 86,398,273 shares issued and outstanding

The term of the renewed NCIB will commence on Feb. 27, 2024, and continue until Feb. 26, 2025, when the renewed NCIB expires, or such earlier date as the company completes its purchases pursuant to the renewed NCIB and notice of intention filed with the TSX. The purpose of the renewed NCIB is to enable the company to purchase shares when it believes them to be undervalued in the market and such purchase is an appropriate use of the company's available funds and in its best interest to do so.

The company will continue to engage PI Financial Corp. to act as the broker through which the renewed NCIB will be conducted, including entering into an automatic share purchase plan with PI.

All purchases of shares under the renewed NCIB may be made on the TSX, at the market price at the time of purchase in accordance with the rules and policies of the TSX. The rules and policies of the TSX contain restrictions on the number of shares that can be purchased under the renewed NCIB based on the average daily trading volumes on the TSX. As a result of such restrictions, the maximum number of shares which can be purchased per day during the renewed NCIB on the TSX is 2,405, which are 25 per cent of the average daily trading volume on the TSX for the prior six months (being 9,623 shares on the TSX for the period from Aug. 1, 2023, to Jan. 31, 2024).

Solution Financial's most recent normal course issuer bid commenced on Feb. 27, 2023, for the purchase of up to 4,364,513 shares, and is set to expire on Feb. 26, 2023. Solution Financial repurchased 892,000 shares for cancellation under the 2023 NCIB at a volume-weighted average repurchase price of 31 cents per share. All repurchases were made through the facilities of the TSX.

The company reserves the right to terminate the renewed NCIB earlier if it feels it is appropriate to do so. Solution Financial believes that the purchase of its shares at recent market prices is an appropriate investment by Solution Financial since, in its view, recent market prices do not reflect the underlying value of Solution Financial's business. The renewed NCIB will provide Solution Financial with the flexibility to purchase shares as part of its capital management strategy, which is designed to maintain healthy regulatory capital ratios, while balancing the objective of generating shareholder value.

All shares acquired by Solution Financial under the renewed NCIB will be cancelled. Repurchases will be subject to compliance with applicable Canadian securities laws.

About Solution Financial Inc.

Solution Financial was incorporated in 2004, and specializes in sourcing and leasing luxury and exotic vehicles, yachts, and other high-value assets. Solution Financial works with a select group of automotive and marine dealerships, providing lending solutions to clients who cannot obtain leasing terms with traditional Canadian financial institutions or other subprime lenders. Typical customers include new immigrants, business owners and international students. Solution Financial provides a unique leasing experience whereby it partners with its clients to help them navigate the challenges of acquiring, insuring, maintaining and upgrading vehicles and luxury assets more frequently than most leasing companies.

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