$MNTR Adds Stansfield to Board Supporting Spinoffs

Mentor Capital, Inc. (MNTR) announced it has appointed Ms. Lori Stansfield, CPA to its Board of Directors effective immediately. Ms. Stansfield will now also add the corporate officer title of Treasurer to her operating role as company CFO. “In addition to comprehensive CFO responsibilities, one strategic function of Mentor Capital that Ms. Stansfield will focus on is to ready future portfolio companies to be spun off as standalone public companies,” says Mentor Capital CEO, Chet Billingsley. “Central to Mentor’s public incubator role is ensuring cannabis companies we work with have pristine GAAP and SEC compliant financial statements that they will need to become public themselves. As a former Director of Audit Services, Ms. Stansfield is eminently qualified to oversee this process and her authority is strengthened as a director and corporate officer.”

Ms. Stansfield will be replacing long-time director, businessman and major shareholder, Mr. James Blazeck, on the board as Mr. Blazeck prepares for extended international work incompatible with normal board communications.

About Mentor Capital: The Company seeks to take significant positions in medical marijuana and cannabis companies to provide public market liquidity for founders, protection for investors and to incubate private cannabis companies that have the potential to be spun off as stand-alone pubic companies. Additional important information for investors is presented at: www.MentorCapital.com.

This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities.

Forward Looking Statements: This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future results or performance, are sometimes identified by words of condition such as “should,” “could,” “expects,” “may,” “intends,” “seeks,” “looks,” “moves,” or “plans” and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing the necessary financing to continue operations, problems involving continued illegality of cannabis products, potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel and in protecting intellectual property. Further information concerning these and other risks is included in the Company’s 10K filing which, along with other very important information about the Company, can be found here:

https://mentorcapital.com/disclosures/

The Company undertakes no obligation to update or revise such forward-looking statements to reflect new information, events or circumstances occurring after the date of this press release.