Mr. Brian Lupien reports

TILL CAPITAL PROVIDES UPDATE ON THE SALE OF OMEGA

Till Capital Corp. has provided an update regarding the sale of its 100-per-cent-owned subsidiary, Omega Insurance Holdings Inc., to Accelerant Holdings.

Omega is a fully licensed Toronto, Canada-based, insurance provider, and includes its subsidiaries, Omega General Insurance Company and Focus Group Inc. In June, 2021, Accelerant Holdings agreed to pay Till an aggregate purchase price of 1.15 times the book value of Omega as of closing, or approximately $12,541,000 as of March 31, 2023, in exchange for all of the issued and outstanding shares of Omega. The parties require various regulatory approvals including the approval of Canada's Minster of Finance prior to closing, and presently anticipate those approvals will be received before the end of the third quarter of 2023. Shareholder approval of the sale was announced on Feb. 22, 2023.

About Till Capital Corp.

Till Capital, through its wholly owned United States subsidiary, owns 489,904 common shares of Osisko Development Corp. (TSX-V: ODV). Till is also a partial owner of IG Tintic LLC, a private company which owns a 1-per-cent net smelter return 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 Capital is also the majority shareholder of Silver Predator Corp. (TSX-V: SPD) and owns various mineral royalties.

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

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