DELX:CC - Press Release Retraction: DelphX Retracts Press Release Issued on October 31 2022 regarding RTAS Letter from the National Association of Insurance Commissioners

(TheNewswire)

Toronto – TheNewswire - November 1, 2022 - DelphX Capital Markets Inc. (TSXV:DELX) (OTC:DPXCF) (“ DelphX ”), a leaderin the development of new classes of structured products for the fixedincome market, retracts its press release issued on October 31, 2022(the "Press Release") titled “ DelphXReceives RTAS Letter from the National Association of InsuranceCommissioners; Completes Important Regulatory Requirement; Company inDue Diligence with Leading Wall Street Dealers”, as DelphX was notauthorized to distribute the designation assigned by the NationalAssociation of Insurance Commissioners (NAIC).

Commercialization Update

The commercialization update provided in the PressRelease remains unchanged – the Company wishes to bring investors upto date on the drive toward adoption and commercialization during thefinal months of 2022. The Company is excited to announce that itsproducts and operations are being scrupulously vetted by multipleprominent Wall Street dealers, with interest in both our productofferings, as well as additional strategic initiatives andcollaborations.

“Interest in our products continues to gain tractionas economic and market conditions worsen. In a marketplace withessentially only one product available for investors and dealers toprotect against default and credit risks, our novel new securitiesrepresent a superior new source of revenue verticals for dealers, anda more secure and transparent solution than traditional Credit DefaultSwaps (CDS) for investors,” stated Patrick Wood.

About DelphX Capital MarketsInc.

DelphX is a technology and financial services companyfocused on developing and distributing the next generation ofstructured products. Through its special purpose vehicle Quantem LLC,the Company enables fixed income dealers to offer new privateplacement securities that optimally transfer and diffuse credit risk,while allowing the enhancement of yield. The new DelphX securitieswill enable dealers and their qualified institutional investors (QIBs)accounts to competitively structure, sell and make markets in:

• Collateralized put options (CPOs) that provide secureddefault protection for underlying corporate, municipal and sovereignsecurities;

• Collateralized reference notes (CRNs) that enablecredit investors to take on the default exposure of an underlyingsecurity in exchange for enhanced yield.

All CPOs and CRNs are fully collateralized and held incustody by BNY Mellon. CPOs and CRNs are proprietary products createdand owned by DelphX Capital Markets.

For more information about DelphX, pleasevisit www.delphx.com .

Mark Forney, Corporate Development
DelphX Capital Markets Inc.
mark.forney@delphx.com

(718)509-2160

Forward-Looking Statements

This news release contains certain"forward-looking statements" including, without limitation,statements regarding the launch of the DelphX platform. Suchforward-looking statements involve risks and uncertainties, both knownand unknown, that may cause actual results or events to be materially different fromthose expressed or implied by such forward-looking statements,including but not limited to, business, economic and capital marketconditions, regulatory uncertainties, and the demand for our products.The forward-looking statements in this news release are based onfactors and assumptions regarding, among other things, the state ofthe capital markets, the ability of DelphX to successfully manage therisks inherent in pursuing business opportunities in the financialservices industry, and the ability of DelphX to obtain qualifiedstaff, equipment and services in a timely and cost-efficient manner todevelop its business. Any forward-looking statement reflectsinformation available to DelphX as of the date of this news releaseand, except as may be required by applicable laws, DelphX undertakesno intent or obligation to update or revise any forward-lookingstatement, whether as a result of new information, future events orresults or otherwise.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

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