9 Capital Announces Extension of Permitted Timeline for Completion of its Qualifying Transaction

9 Capital Announces Extension of Permitted Timeline for Completion of its

Qualifying Transaction

TORONTO, May 28, 2021 – 9 Capital Corp. (the “Company”) (TSXV: NCPL.P) and Churchill

Diamond Corporation (“ Churchill”) announced today that their respective boards of directors

have approved an extension to the outside date to consummate its qualifying transaction (the

“Proposed Transaction”) from May 31, 2021 to June 30, 2021.

Further details regarding the Proposed Transaction are disclosed in the Company’s news releases

dated December 23, 2020 and February 1, 2021 and available under the issuer profile of the

Company on SEDAR at www.sedar.com.

The Company continues to work with Churchill to seek conditional approval from the TSXV for

the Proposed Transaction and will update the shareholders in subsequent press releases at the

appropriate time.

About the Company

The Company is a CPC within the meaning of the policies of the Exchange that has not commenced

commercial operations and has no assets other than cash. Except as specifically contemplated in

the CPC policies of the Exchange, until the completion of its Qualifying Transaction, the Company

will not carry on business, other than the identifi cation and evaluation of companies, business or

assets with a view to completing a proposed Qualifying Transaction.

For further information please contact:

9 Capital Corp.

Mr. Ben Cubitt, President and Chief Executive Officer

Tel. (416) 479-5048

Completion of the Proposed Transaction is subject to a number of conditions including, but not limited to, Exchange

acceptance and shareholder approval. The Proposed Transaction ca nnot close until all required shareholder

approvals are is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed

or at all. Investors are cautioned that, except as disclosed in the filing statement to be prepared i n connection with

the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be

accurate or complete and should not be relied upon. Trading in the securities of a CPC should be considered highly

speculative. A comprehensive press release with further particulars relating to the Proposed Transaction will follow

in accordance with the policies of the Exchange.

The Exchange has in no way passed upon the merits of the Proposed Transaction and has neither app roved nor

disapproved the contents of this news release.

Cautionary Note Regarding Forward Looking Information

This news release contains statements about the Company’s expectations regarding any proposed future Qualifying

Transaction of the Company whi ch are forward-looking in nature and, as a result, are subject to certain risks and

uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are

reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward -

looking statements. Factors that could ca use the actual results to differ materially from those in forward -looking

statements include general business, economic, competitive, political and social uncertainties; and the delay or failure

to receive board, shareholder or regulatory approvals. The forward-looking statements contained in this press release

are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-

looking statements or information, except as required by law.

NEITHER THE TSX VENTURE EXCHANGE 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.