Mr. Kal Malhi reports

COLOURED TIES CAPITAL INC. ANNOUNCES RESULTS FROM ITS ANNUAL GENERAL AND SPECIAL MEETING /NEW COMPANY ARTICLES AND EXTENDS VESTING FOR RSU

At Coloured Ties Capital Inc.'s annual general and special meeting held on Oct. 16, 2023, shareholders approved the company's new form of Business Corporations Act (British Columbia) articles. The company adopted new articles to replace its existing articles. The primary deletions and/or additions to the new articles refine a number of housekeeping primary provisions to principally reflect the provisions of the Business Corporations Act (British Columbia) and modernize British Columbia corporate legislation which provide greater flexibility to the board in carrying out the business of the company.

The company's new articles are available for viewing under the company's SEDAR+ corporate profile.

The company also announces that it has extended the vesting date on the restricted share units (the RSUs) granted on Oct. 19, 2022, to certain directors, officers, employees and consultants of the company pursuant to the company's fixed restricted share unit plan dated for reference July 1, 2019, as amended on April 24, 2020, and as further amended on Aug. 18, 2022.

The extension of the vesting date for a further year to Oct. 19, 2024, was approved by a directors resolution dated Oct. 19, 2023. The RSUs are subject to the terms of the plan and applicable securities law hold periods.