Mr. Alex Lyamport reports

FOUR ARROWS ANNOUNCES GRANT OF STOCK OPTIONS AND TRANSFER OF COMMON SHARES

Four Arrows Capital Corp. has granted stock options to two directors to acquire an aggregate of 775,001 common shares.

The options have an exercise price of five cents and 55 cents per share, being an amount equal to the closing trading price of the shares on the TSX Venture Exchange. The options expire on March 17, 2036, and are fully vested.

Further, the company announces Alex Lyamport, director and chief executive officer, has transferred 600,000 escrow common shares to Altaf Nazerali, director, pursuant to Policy 5.4, Section 5.3.