Mr. Stephen Gasparek of Quintessence Wealth reports

QUINTESSENCE WEALTH ANNOUNCES SALE OF SECURITIES OF DELPHX CAPITAL MARKETS INC.

Quintessence Wealth Signature IQ Asset Allocation Fund, an investment fund managed by Quintessence Wealth, has sold 12,502,222 common shares and an aggregate of 5.5 million common share purchase warrants of Delphx Capital Markets Inc. to John Lunz pursuant to a private transaction. The warrants consist of 2.5 million warrants exercisable at seven cents per share until Dec. 1, 2027, and three million warrants exercisable at eight cents per share until March 24, 2030.

The aggregate purchase price for the shares and warrants was $826,708.60, equal to the fund's book value of the shares. The transaction was completed pursuant to a share purchase agreement between the fund and Mr. Lunz. Following the transaction, an aggregate of 31,308,350 shares and 5.5 million warrants (including those that were the subject of the transaction) moved from managed to self-directed by the purchaser, such that Quintessence Wealth no longer exercises control or direction over these securities. The transfer did not involve monetary consideration.

Immediately prior to the transaction and taking into account the deposit of a direct registration statement representing 543,428 shares by a client of Quintessence Wealth, Quintessence Wealth exercised control or direction over managed accounts and investment pools holding 38,123,066 shares and 14,502,222 warrants, representing approximately 15.88 per cent of the issued and outstanding shares on an undiluted basis (20.67 per cent on a partially diluted basis), based on 240,060,183 issued and outstanding shares.

Following the transaction and the transfer, Quintessence Wealth exercises control or direction over managed accounts and investment pools holding 6,814,716 shares and 9,002,222 warrants, representing approximately 2.84 per cent of the issued and outstanding shares on an undiluted basis (6.35 per cent on a partially diluted basis). This represents a decrease of Quintessence Wealth's partially diluted position by approximately 14.32 per cent.

Quintessence Wealth has no current plan or proposal which relates to, or would result in, acquiring additional ownership or control over the securities of the issuer. Quintessence Wealth may or may not purchase or sell securities of the issuer in the future on the open market or in private transactions, depending on market conditions and other factors material to Quintessence Wealth's investment decisions on behalf of accounts and/or pooled funds managed by Quintessence Wealth.

A copy of Quintessence Wealth's early warning report related to the sale of shares and warrants to Mr. Lunz will be filed on the issuer's profile on SEDAR+. Quintessence Wealth has also filed a report to correct some entries from the previous report filed by Quintessence Wealth reflecting some additional deposits of securities of the issuer into Quintessence Wealth's accounts for no consideration.

A copy of the reports may be obtained upon request by contacting Stephen Gasparek at Quintessence Wealth at 1-833-QWEALTH (793-2584), or at 5160 Yonge St., Suite 1860, Toronto, Ont., M2N 6L9.