May 18, 2022 – TheNewswire - Vancouver, British Columbia – Four Arrows Capital Corp. (TSXV:AROW), a capital pool company listed on the TSX-V, is pleased to announce that the Company has amended its 10% "rolling" stock option plan.

Amendments to Stock Option Plan

The Company has amended its 10% rolling stock option plan to comply with the requirements of the new TSX Venture Exchange policy governing security-based compensation which became effective November 24, 2021. The amendments have been approved by the Company’s shareholders at its 2022 annual general meeting on May 5, 2022. Additional details regarding the amendments are available in the management information circular filed on SEDAR in respect of the meeting.

ON BEHALF OF THE BOARD:

Alex Lyamport

CEO AND DIRECTOR

For more information, contact:

Kendra Low, Corporate Secretary Email: kendra@vancouvercorporate.ca Phone: (604) 889-4790

Neither 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.