Mr. Brian Lupien reports

TILL CAPITAL QUARTERLY FINANCIAL FILING DELAYED, CEASE TRADE ORDER ISSUED

A cease trade order has been issued in respect of trading in Till Capital Corp.'s securities by the British Columbia and Ontario securities commissions as Till did not file its interim financial statements and related management discussion and analysis and certifications for the three months ended March 31, 2023, by the May 30, 2023, filing deadline.

Till is in the process of adopting IFRS 17 (international financial reporting standards), Insurance Contracts, which became effective Jan. 1, 2023, with a transition date of Jan. 1, 2022. The adoption of IFRS 17 affects the timing of earnings recognition for the insurance contracts and the carrying amount of insurance contract assets and liabilities for Till's subsidiary, Omega General Insurance Company, as well as requiring changes in presentation and disclosure. IFRS 17 must be applied retrospectively to each group of insurance contracts as if IFRS 17 had always applied and, as a result, comparative information must be restated.

Adopting IFRS 17 has been more time-consuming than Till had anticipated and, as a result, the Q1 filings were not filed by the May 30, 2023, deadline. Till currently anticipates the Q1 filings will be made before June 30, 2023.

About Till Capital Corp.

Till, through its wholly owned U.S. subsidiary, owns 512,798 common shares of Osisko Development Corp. Till is also a partial owner of IG Tintic LLC, a private company that owns a 1-per-cent net smelter return (NSR) royalty on the East Tintic mining district near Eureka, Utah, and of IG Far East LLC, a private company with the controlling interest in a joint venture that owns the Durmin gold property in the Russian Far East. Till is also the majority shareholder of Silver Predator Corp. and owns various mineral royalties.

Till is also the parent company of wholly owned subsidiary Omega Insurance Holdings Inc., which owns Omega General Insurance Company, a Canadian insurance company offering innovative and customized insurance industry solutions, including fronting and runoff services for insurers/reinsurers, within the Canadian marketplace. Omega Insurance Holdings also operates Focus Group Inc., a consulting and project management company servicing the local and international needs of its property casualty insurance clients.

We seek Safe Harbor.