NEWS RELEASE

TSXV: TIL

January 28, 2021

NR 21-02

www.tillcap.com

TILL CAPITAL GRANTS INCENTIVE STOCK OPTIONS

British Columbia, Canada, January 28, 2021: Till Capital Corporation (TSXV: TIL) ("Till") announces that, subject to regulatory approval, it has granted an aggregate of 300,000 incentive stock options to directors, officers, and employees of Till in accordance with Till's existing stock option plan. The incentive stock options vest over two years and may be exercised at a price of CDN$12.00 per option for a period of four years from the date of grant.

Till's stock option plan allows for the issuance of up to 10% of the issued and outstanding share capital in the form of incentive stock options. As a result of this grant, Till has 311,000 stock options issued, representing 9.7% of the issued and outstanding share capital.

Till Capital Corporation

Brian P. Lupien

Chief Executive Officer

Till Capital Corporation

208-635-5415

www.tillcap.com

The TSX Venture Exchange or any other regulatory authority has not reviewed, and does not accept responsibility for, the adequacy or accuracy of this news release.

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Till Capital Corporation published this content on 28 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2021 22:59:07 UTC.