HFC Hampton Financial Corporation

Hampton Financial Corporation (“Hampton” or the “Corporation”) (TSXV:HFC & HFC.PR.A) is pleased to announce that, subject to approval by the TSX Venture Exchange (“TSXV”), it is extending the final closing date, to September 6, 2022, of its offering of non-brokered private placement of unsecured convertible debentures (the “Debentures”) in the aggregate principal amount of up to CAD$6,000,000 (the “Offering”). Hampton also advises that the principal amount of Debentures issued pursuant to the second tranche of the Offering was actually $1,230,000 and not $1,300,000 as incorrectly and inadvertently disclosed in Hampton’s press release of July 29, 2022.

Pursuant to the Offering Hampton has closed two tranches of Debentures in the aggregate principal amount of $3,521,000. The Debentures mature five (5) years after the issue date (the “Maturity Date”) and will bear interest at the rate of 9.0% per annum, payable quarterly in arrears on the last day of March, June, September and December in each year until the Maturity Date. The first interest payment will be made at the end of the first calendar quarter following the closing date (the “Initial Interest Payment Date”) and will consist of interest accrued from and including the closing date to the Initial Interest Payment Date. Interest will be payable in cash only and will cease to accrue on the Maturity Date.

The whole, or any part, of the principal amount of the Debentures is convertible into subordinate voting shares of the Corporation, at the option of the holder thereof, at any time prior to 4:00 p.m. (Toronto time) on the Maturity Date, at a conversion price of CAD$0.60 per share. Upon conversion of the Debentures the holders of Debentures will receive cash payment of any interest which accrues from the most recent interest payment date to the date of conversion. The proceeds from the Offering will be used for working capital and general corporate purposes. The Debentures and any subordinate voting shares issued upon the conversion thereof are subject to a hold period expiring on the date that is four months and one day following the date of issuance of the Debentures, in accordance with applicable securities legislation.

The Corporation had filed a Price Reservation Form (Form 4A) with the TSX Venture Exchange (“TSXV”) on June 23, 2022. The TSXV has issued conditional acceptance of the Offering. The Offering remains subject to receipt of final acceptance by the TSXV.

About Hampton Financial Corporation

Hampton Financial Corporation is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services, and capital markets activities. HSL is a full-service investment dealer, regulated by IIROC and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the company provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad.

For more information, please contact:

Azmatali MehraliChief Financial OfficerHampton Financial Corporation(416) 862-8701

Or

Peter M. DeebExecutive Chairman & CEOHampton Financial Corporation(416) 862-8651

The TSXV has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered or sold within the United States or to a U.S. person absent registration or pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.