Mr. Mike Marrandino reports

MARBLE FINANCIAL COMPLETES ISSUE OF SHARES FOR BOND RESTRUCTURING

Marble Financial Inc. has closed the final tranche of the bond restructuring involving its wholly owned subsidiary, TPF The Phoenix Fund Inc., and the holders of TPF's bonds, previously announced on March 30, 2023, and April 12, 2023. Pursuant to the final tranche, all remaining TPF bonds, together with any and all further interest and liability thereon, were settled through a combination of debt forgiveness and the issue of 10,653,893 Marble Financial common shares.

The Marble Financial shares issued are subject to a statutory hold period of four months and one day from the date of issuance and additional resale restrictions agreed to by bondholders such that 25 per cent of the shares will be released from resale restrictions on completion of the initial hold period and further releases of 25 per cent of the shares every four months thereafter.

Karim Nanji, Marble Financial's chief executive officer, stated: "We are very pleased to complete the bond restructuring, where all of the TPF bondholders agreed to the restructuring and settlement. This transaction resulted in the elimination of over $5.78-million of principal amount of TPF bonds and all accrued, unpaid and waived interest thereon, significantly strengthening our balance sheet."

Management cease trade order update

Further to the company's news release of April 25 and May 4, 2023, the company and its auditor do not foresee any changes and expect the audit process to be completed and filed as previously stated.

About Marble Financial Inc.

Marble Financial is a leading provider of software-as-a-service solutions that empower businesses to acquire and use real-time financial data to better transact with consumers, along with enabling smarter marketing return on investment for partners seeking increased conversion rates to those consumers who require further monitoring, predictive financial recommendations and guidance to rehabilitate them to transact in the future. Utilizing Marble Financial's proprietary and proven artificial intelligence data-driven technology platforms, Inverite, Accumulate.ai and MyMarble, businesses and consumers are empowered in real-time access to a 360-degree financial profile that includes credit and banking data. Marble Financial leverages machine learning, artificial intelligence, predictive financial recommendations, risk scores and open banking strategies to put the power of financial data into the hands of businesses and consumers, promoting more robust relationships and higher intent toward future engagements.

We seek Safe Harbor.