Mr. Brian Lupien reports

TILL CAPITAL COMPLETES SALE OF OMEGA INSURANCE HOLDINGS, INC. TO ACCELERANT

Till Capital Corp. has closed the sale to Accelerant Holdings U.K. Ltd. of Omega Insurance Holdings Inc. and its two wholly owned subsidiaries: Omega General Insurance Company, a licensed insurance company based in Toronto, Ont., and Focus Group Inc., a consulting and project management business.

As initially reported on June 21, 2021, and updated on Oct. 21, 2021, Jan. 25, 2022, Aug. 23, 2022, Dec. 15, 2022, Feb. 23, 2023, Aug. 4, 2023, and Oct. 5, 2023, Accelerant will pay Till Capital approximately $13-million in exchange for all of the issued and outstanding shares of Omega. The transaction has received approval from Canada's Office of the Superintendent of Financial Institutions and the TSX Venture Exchange.

The sale of Omega will complete Till Capital's exit from the insurance business. The proceeds from the sale will be used for general operating expenses. Till Capital will continue following closing to manage its portfolio of investments.

Till Capital has been notified by the TSX-V that it must confirm within 90 days that it continues to meet the TSX-V's continuous listing requirements. If it does not, the listing of its shares will be transferred from the TSX-V to the NEX Exchange.

"We are pleased to finalize this agreement and hand the reins to Accelerant, which has the interest and unique ability to grow the business," said Brian P. Lupien, chief executive officer of Till Capital. "Accelerant's focus on growing in Canada makes this a strong fit and we wish Accelerant and the Omega team every success in the future."

Accelerant Holdings and its subsidiary companies operate as a risk exchange serving niche MGAs (managing general agents) writing predominantly specialty risk for small to medium-sized commercial enterprises. Accelerant was founded in 2018 by a group of long-time insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged so that it works better for everyone. To date, Accelerant has supported the needs of its members across the United States, the United Kingdom and Europe. The acquisition of Omega will mark Accelerant's entry into Canada, reflecting its global relevance and ambition to remove barriers and make the insurance industry more efficient and transparent. The Accelerant group was awarded an A-minus financial strength rating by A.M. Best, which recently affirmed the group's stable outlook.

About Till Capital Corp.

Till Capital, through its wholly owned U.S. subsidiary, owns 484,804 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 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. and owns various mineral royalties.

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