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Fountain Asset Corp. announces appointment of Chief Executive Officer

Oct. 5, 2017

Toronto, Canada – Fountain Asset Corp. (FA: TSXV) (the "Company") is pleased to announce the appointment of Andrew Parks as the new Chief Executive Officer and a director of the Company, effective October 16, 2017. Mr. Parks was most recently a portfolio manager at a Toronto-based asset management firm and has years of experience as a research analyst and trader. He is a CFA and holds an Honours Bachelor of Business Administration from Wilfrid Laurier University.

About Fountain Asset Corp.

Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology.
Forward-Looking Statements

Certain information contained in this press release constitutes forward-looking information, which is information relating to possible events, conditions or results of operations of the Company, which are based on assumptions and courses of action and which are inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information in this press release includes, but is not limited to, statements regarding the appointment of Mr. Parks as the new CEO and a director. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Some of the risks and other factors which could cause results to differ materially from those expressed in forward-looking information contained in this press release include, but are not limited to, the appointment of Mr. Parks as CEO and a director and the timing thereof. The forward-looking information contained in this press release is provided as at the date of this press release, based upon the opinions and estimates of management and information available to management as at the date of this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release.
Neither TSX Venture Exchange Inc. 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.

For further information: David Darakjian at (416) 488-7760 or visit Fountain Asset Corp.'s website at www.fountainassetcorp.com.