Mr. Kal Malhi reports

COLOURED TIES CAPITAL INC. ANNOUNCES RESULTS FROM ITS ANNUAL GENERAL AND SPECIAL MEETING

At Coloured Ties Capital Inc.'s annual general and special meeting held on Oct. 16, 2023, shareholders approved the company's new form of 10-per-cent rolling share option plan and fixed restricted share unit plan. These Equity Compensation Plans were adopted by the Company's Board of Directors on August 31, 2023, at the request of the TSX Venture Exchange post the closing of the Company's Substantial Issuer Bid which expired on Monday, August 28, 2023. The Company also received TSX Venture Exchange final approval to the Equity Compensation Plans. The fixed restricted share unit plan provides that the maximum number of Common Shares issuable pursuant to this Plan, will be a maximum of 1,516,749 Common Shares, and will not exceed an aggregate of 10% of the total number of issued and outstanding Common Shares at any time, unless disinterested shareholder approval is obtained.

All future grants of equity-based Awards will be made pursuant to, or as otherwise permitted by, the Equity Compensation Plans, and no further equity-based awards will be made pursuant to the Company's previous share option plan and restricted share unit plan which were approved by shareholders at the Company's September 23, 2022 annual general and special meeting. The Equity Compensation Plans supersede and replace these referenced two plans.

The 10% rolling share option plan and fixed restricted share unit plan are attached as Schedule "C" and "D" respectively to the Information Circular filed on SEDAR+ under the Company's SEDAR+ corporate website at www.sedarplus.ca in respect of the Company's October 16, 2023 annual general and special meeting, with the details to the Equity Compensation Plans as described in the October 16, 2023 annual general and special meeting Information Circular.

Also concurrent with the adoption of the two Equity Compensation Plans, the Company's disinterested shareholders approved: 1) Insider Participation Limits under the share option plan up to a maximum of 1,400,000 stock options, and the fixed restricted share unit plan up to a maximum of 1,550,000 restricted share units; 2) the fixed restricted share unit plan, as a whole, to exceed 10%; and 3) an Over Grant of restricted share units under the fixed restricted share unit plan, all as more particularly described in the Information Circular to the Company's October 16, 2023 annual general and shareholder meeting.

Complete copies of the Equity Compensation Plans are available for viewing under the Company's profile on SEDAR+ at www.sedarplus.ca.