Mr. Matt Davis reports

FOUNTAIN ASSET CORP ANNOUNCES APPOINTMENT OF NEW CEO AND DIRECTORS

Fountain Asset Corp. has appointed Geoff Barratt as a director and the new chief executive officer of the company, and Michael Shuh as a director of the company, each effective as of July 31, 2026.

Mr. Barratt has been appointed as chief executive officer to fill the vacancy created by the previously announced departure of Andrew Parks as chief executive officer, effective as of July 31, 2026. Mr. Parks has also resigned as a director of the company, along with Michael Galloro, Paul Kelly and Morris Prychidny, all effective as of July 31, 2026. The board of directors would like to thank each of Mr. Parks, Mr. Galloro, Mr. Kelly and Mr. Prychidny for their services to the company, and wishes them each well in their future endeavours.

Mr. Barratt has built a career as a global investor in private and public securities markets. Mr. Barratt was trained as an investor in the principal strategies group at Morgan Stanley & Co. (MS) in New York. After a successful period at MS, Mr. Barratt returned home to Toronto, to lead the relationship investing group for Ontario Teachers' Pension Plan (OTPP). While at OTPP, Mr. Barratt established a reputation for strong investment performance, investment origination, network building and management leadership. Highlight investments in Mr. Barratt's career, including the successful recapitalization of First Data with KKR, the initial public offering (IPO) of PRA Health Sciences, the acquisition of Mr. Cooper, the shareholder transition in Airbus, the value surfacing of MI Developments, the acquisition of Saks Inc., the distressed purchase of preferreds in Maguire Properties and the seed investment in XPO Logistics. Mr. Barratt started his career at CIBC Wood Gundy, in the 1990s, where he was involved on many high-profile capital markets transactions and mergers and acquisitions. Over his career, Mr. Barratt has had the opportunity to work internationally including in Toronto, New York and Hong Kong. Mr. Barratt has also been quite active in Western Europe as well. Mr. Barratt has an MBA from the Wharton School, at the University of Pennsylvania, and an HBA degree from Ivey Business School, at the University of Western Ontario. Mr. Barratt currently teaches BUS 4595, fixed income securities and markets, at the Ivey Business School.

Mr. Shuh is a 25 veteran of the Canadian Capital markets with significant experience advising the financial services sector. Mr. Shuh has been the CEO and board chairman for a number of special-purpose acquisitions corporations, which all completed qualifying transactions and was the market-leading investment banker to the exchange listed investment funds sector. Mr. Shuh holds a bachelor of business administration from Wilfrid Laurier University's Lazaridis School of Business and Economics and a master of business administration from the Ivey Business School.

About Fountain Asset Corp.

Fountain Asset is a merchant bank that provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as marijuana, oil and gas, mining, real estate, manufacturing, retail, financial services, and biotechnology.

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