Mr. Richard Carleton reports

CANADIAN SECURITIES EXCHANGE REPORTS MAY 2023 PERFORMANCE FIGURES

The Canadian Securities Exchange has released market statistics for May, 2023.

May, 2023, operating statistics:

• Trading volume of Canadian Securities Exchange-listed securities totalled 1.25 billion shares.
• Trading value of Canadian Securities Exchange-listed securities was $443-million.
• Canadian Securities Exchange issuers completed 73 financings that raised an aggregate $61-million.
• The Canadian Securities Exchange welcomed listings from seven new companies, including one fundamental change of an existing issuer, bringing total listed securities to 830 as at May 31, 2023.

"The Canadian Securities Exchange is becoming increasingly attractive to existing and potential new issuers," said Richard Carleton, chief executive officer of the Canadian Securities Exchange. "As we recently announced, all of our securities are now margin eligible, which brings significant benefits for issuers and the broader investment community. The exchange also continues to strengthen with high-quality new listings across diverse industries. We are proud to have welcomed 44 new corporate listings to the CSE in the first five months of 2023, which is easily the most among Canadian stock exchanges."

Margin eligibility

All Canadian Securities Exchange-listed securities are now eligible for margin after the Canadian Investment Regulatory Organization recently identified the Canadian Securities Exchange as an acceptable exchange under its margin eligibility rule. Investment dealers will have the choice to allow clients to hold Canadian Securities Exchange-listed securities in margin accounts, thus enhancing liquidity in these securities. Margin eligibility also reduces capital costs for investment dealers holding Canadian Securities Exchange-listed securities in firm inventory, thereby reducing the cost of public offerings for issuers.

What is on at the Canadian Securities Exchange

The Canadian Securities Exchange, in collaboration with Sparx Publishing Group, is pleased to host its first ever Summit on Responsible Investment, which will take place at the Innovation Centre in Kelowna, B.C., on June 27. The event will provide detailed insights and updates on socially responsible investing (SRI) and environmental, social and governance (ESG) trends and regulations, with presentations from a diverse group of entrepreneurs, investors and other changemakers. A special SRI-focused content series will also accompany the event and be posted on the Canadian Securities Exchange's blog. Admission is by donation only and participants are encouraged to buy tickets as soon as possible.

The Canadian Securities Exchange is pleased to be attending THE Mining Investment Event of the North in Quebec City on June 19 to 21. The invitation-only event features a diverse group of mining companies at different stages of development (including numerous Canadian Securities Exchange-listed companies), as well as keynote speeches and panel discussions with well-known industry thought leaders.

The Canadian Securities Exchange attended and sponsored the Critical Minerals Institute (CMI) Summit II, which took place in Toronto on June 14 to 15. The conference explored many important topics impacting the critical minerals industry, which is essential to the global economy's continuing clean energy transition. Mr. Carleton provided introductory remarks at the conference, which also featured leaders from Canadian Securities Exchange-listed companies including First Phosphate Corp., Molten Metals Corp., Appia Rare Earths & Uranium Corp., and Auxico Resources Canada Inc.

New listings in May, 2023

• Alpha Cognition Inc.;
• Demesne Resources Ltd.;
• MindBio Therapeutics Corp.;
• Delota Corp.;
• Copperhead Resources Inc.;
• Eagle Royalties Ltd.;
• Volta Metals Ltd. -- fundamental change.

About the Canadian Securities Exchange

The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.