Till Capital : Announces Results of Annual General Meeting

NEWS RELEASE

TSXV: TIL

December 20, 2023

NR 23-12

www.tillcap.com

TILL CAPITAL ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

British Columbia, Canada, December 20, 2023: Till Capital Corporation (TSXV: TIL) ("Till"), is pleased to announce the results of its Annual General Meeting ("AGM") held on December 20, 2023.

A total of 2,376,201 shares were voted representing 74.455% of the issued and outstanding shares of Till.

Shareholders passed all resolutions set out in the Till Capital Corporation Management Information Circular dated November 8, 2023, including the election of directors, setting the number of directors at five (5), the re-appointment of PricewaterhouseCoopers LLP as Till's auditors, and the approval of Till's stock option plan as required annually by the TSX Venture Exchange.

Shareholders voted for the election of all five director nominees as follows:

Nominee	Votes for	Votes withheld	Percent for	Percent withheld
Robert Forness	1,743,568	261,314	86.966%	13.034%
Brian P. Lupien	1,734,868	186,560	90.291%	9.709%
Scott D. McLeod	1,788,978	150,005	92.264%	7.736%
John T. Rickard	1,544,395	786,274	66.264%	33.736%
James G. Rickards	1,770,578	267,754	86.864%	13.136%

Following the AGM, the board of directors appointed Brian Lupien as Chief Executive Officer, Weiying "Mary" Zhu as Chief Financial Officer, and Edie Nemri as Corporate Secretary.

Reported by:

Brian P. Lupien

Chief Executive Officer

Till Capital Corporation

Till Capital Corporation, through its wholly-owned U.S. subsidiary, owns 466,555 common shares of Osisko Development Corp. (TSXV: ODV). Till is also a partial owner of IG Tintic LLC, a private company which

owns a 1% net smelter return royalty on the East Tintic Mining District near Eureka, Utah, and of IG Far East LLC, a private company with the controlling interest in a joint venture that owns the Durmin gold property in the Russian Far East. Till Capital Corporation is also the majority shareholder of Silver Predator Corp. (TSXV: SPD) and owns various mineral royalties.

For additional information:

Till Capital Corporation 208-635-5415 [e-mail]

Cautionary Note

At this time, Till has no current plans to provide earnings guidance due to the volatility of investment returns.

The Till Capital shares are restricted voting shares, whereby no single shareholder of Till Capital is able to exercise voting rights for more than 9.9% of the voting rights of the total issued and outstanding Till Capital shares (the "9.9% Restriction"). However, if any one shareholder of Till Capital beneficially owns, or exercises control or direction over, more than 50% of the issued and outstanding Till Capital shares, the 9.9% Restriction will cease to apply to the Till Capital shares.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Till Capital or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Trading in the securities of Till Capital should be considered speculative.

Cautionary Statement Regarding Forward Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Till will obtain from them. In particular, Till cautions that the completion of the proposed transactions cannot be predicted with certainty, and that there can be no assurance at this time that the proposed transactions will be completed in the manner noted above or at all. These forward- looking statements reflect management's current views and are based on certain expectations, estimates, and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause Till's actual results to differ materially from those expressed or implied by the forward-looking statements, as well as other factors beyond Till's control. Till does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.