Mr. Brian Lupien reports

TILL CAPITAL CORPORATION ANNOUNCES LATE FILING OF Q4 2023 FINANCIALS

Till Capital Corp. is late in filing its audited financial statements for the year ended Dec. 31, 2023, and certain related filings.

On April 30, 2024, Till Capital was required to file:

• Audited annual financial statements for the year ended Dec. 31, 2023, as required by Part 4 of National Instrument 51-102 (Continuous Disclosure Obligations);
• Management's discussion and analysis relating to the audited annual financial statements, as required by Part 5 of National Instrument 51-102 (Continuous Disclosure Obligations);
• Chief executive officer and chief financial officer certificates relating to the audited annual financial statements, as required by National Instrument 52-109 (Certification of Disclosure in Issuers' Annual and Interim Filings).

Till Capital currently anticipates the required filings will be delayed until on or about May 15, 2024.

The sale of the company's wholly owned subsidiary Omega Insurance Holdings Inc. was completed on Oct. 12, 2023. The audit of Omega's transition to international financial reporting standard 17 in 2023 is proving to be more time-consuming than it or the company had expected. The company expected Omega to be in a position to complete an audit in time to meet the April 30, 2024, filing deadline, but it became apparent on April 22, 2024, that Omega will require additional time. The company anticipates that this may delay the required filings being made by up to two weeks beyond the filing deadline.

In light of these circumstances, the company applied to and received from the B.C. Securities Commission, as principal regulator for the company, the imposition of a management cease trade order under National Policy 12-203 (Management Cease Trade Orders) throughout the duration of the default. The MCTO restricts trading in securities of the company by the CEO and CFO of the company until such time as the required filings have been made by the company and the MCTO is no longer in effect. The MCTO does not affect the ability of other persons to trade in the securities of the company.

The company confirms that it will satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements. The company also confirms that there is no other material information relating to its affairs that has not been generally disclosed. Other than as disclosed herein, the company is up to date in its filing obligations.

About Till Capital Corp.

Till Capital, through its wholly owned U.S. subsidiary, owns 466,555 common shares of Osisko Development Corp. Till Capital 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. Till Capital is also the majority shareholder of Silver Predator Corp. and owns various mineral royalties.

We seek Safe Harbor.