CALGARY, April 11, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 13, 2023.

The renewed NCIB will follow the current NCIB, which ends on April 12, 2023 and under which Crown purchased 5,000 shares at a volume-weighted average price per share of $7.83 up to April 10, 2023.

Under the terms of the renewed NCIB, Crown will have the right to purchase up to 280,000 of its common shares (the “Shares”) representing approximately 10.3% of the public float and approximately 5.0% of the 5,640,546 issued and outstanding Shares as at March 31, 2023. The number of Shares that can be purchased pursuant to the renewed NCIB is subject to a daily maximum of 1,000 Shares, which is the greater of 1,000 and 25% of the average daily trading volume for the Shares on the TSX for the six months ended March 31, 2023. Shares purchased by the Corporation pursuant to the renewed NCIB will be cancelled. Purchases made pursuant to the renewed NCIB will be made in the open market through the facilities of the TSX and/or alternative Canadian trading systems, if eligible. The renewed NCIB will commence on April 13, 2023 and remain in effect until the earlier of April 12, 2024, the termination of the renewed NCIB by Crown, and Crown purchasing the maximum number of Shares permitted under the renewed NCIB.

In conjunction with the renewal of the NCIB, Crown has entered into a renewed automatic share purchase plan (“ASPP”) with a designated broker to allow for the purchase of Shares under the renewed NCIB at times when Crown would ordinarily not be permitted to purchase Shares due to regulatory restrictions or customary self-imposed trading black-out periods.

Pursuant to the ASPP, before the commencement of any particular trading black-out period, Crown may, but is not required to, instruct the designated broker to make purchases under the renewed NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters established by Crown prior to the trading black-out period in accordance with the terms of the ASPP and applicable TSX rules. The ASPP has been pre-cleared by the TSX and will be implemented effective April 13, 2023.

Outside of the pre-determined trading black-out periods, Shares may be purchased under the renewed NCIB based on the discretion of Crown’s management, in compliance with TSX rules and applicable securities laws. All purchases made under the ASPP will be included in computing the number of Shares purchased under the renewed NCIB.

In the opinion of the Corporation’s board of directors and senior management, the renewed NCIB provides Crown with the flexibility to utilize its capital to acquire Shares from time to time under the appropriate circumstances. At December 31, 2022, Crown’s total equity per basic common share was $8.98.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. For additional information, please visit crowncapital.ca.

FORWARD-LOOKING STATEMENTS

This news release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding future purchases of Shares. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

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