Coloured Ties Clarifies Paid-Up Capital of Its Common Shares

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2022) - Coloured Ties Capital Inc. (TSXV: TIE) ("CTI" or the "Company") announces that further to its substantial issuer bid (the "SIB") filed on December 8, 2022, it wishes to clarify the paid-up capital for the SIB should be $9.22 per share for total aggregate paid-up capital for purposes of the Income Tax Act (Canada) of approximately $203,889,898.

For further information please contact:

Coloured Ties Capital Inc.
Kal Malhi Chief Executive Officer
kal@bullruncapital.ca

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.

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