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FOUNTAIN ASSET CORP. ANNOUNCES APPOINTMENT TO THE BOARD OF DIRECTORS AND GRANT OF STOCK OPTIONS

November 8, 2017

Toronto, Canada – Fountain Asset Corp. (FA:TSXV) (“Fountain” or the “Company”) is pleased to announce that Mr. Roger Daher has been appointed as a member of the board of directors of Fountain.

Mr. Daher is a welcomed addition as he has an extensive background in the pharmacy industry with over 30 years of experience. He is currently an Independent Director on several boards including GreenSpace Brands Inc. (JTR:TSXV) and Xylitol Canada Inc. (XYL:TSXV).

Furthermore, the Company wishes to announce that the board of directors of the Company has approved the granting of 1,100,000 incentive stock options (the “Options”) pursuant to the Company’s stock option plan to certain directors and officers of the company. The Options are exercisable at a price of $0.3625 per share and expire on November 8, 2022.

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.

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.