Mentor Capital, Inc.

Gold, Oil and Gas as a Commodity, and Treasuries may be a Safe Haven During Uncertain Financial Times PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reports that at this time, 100% of its Core Holdings that support its issued and outstanding Preferred Shares are backed by gold bullion set initially at today’s valuation of $100,928 per kilogram. The preferred gold holdings will not bear operating cost. The purpose is to allow accredited investors to immediately invest, and then move into suitable Mentor energy assets and projects selected by management at a normal pace. Upon selection, the energy asset, which will then begin to bear a ratio of associated costs, will be rotated into the Core Holdings and an equal value in gold will be rotated back to Mentor’s operations in a ledger transaction. Since initiated in June 2018, the Series Q Preferred Shares have delivered an average 11.03% compound annual rate of return for its accredited investors over that almost seven-year period. There is a 5% load added to exit by conversion into Mentor Common shares that can then be sold according to public market regulations. The changing common share conversion closing price is based on a date periodically specified by management, which is currently September 17, 2024. This calculates out to a conversion of preferred to common at 10.5 cents per common share. The Series Q Preferred Shares are not available for non-accredited shareholders or investors, and are not offered for sale to anyone herein. Regardless, the flow of gold backing for assets is an important safety factor for all investors to be aware of. Today, the classes and percentage of Mentor Capital’s assets often considered by those seeking safety are: gold 10%, short-term treasuries 10%, oil and gas as a commodity 42% and cash 4%. As an additional safety factor often considered by value investors, Mentor Capital, Inc.’s common shares trade at less than 40% of book value. Since the announcement of the Mentor Classic Energy Index and Mentor’s move into this sector on May 24, 2023, Mentor Capital’s common share closing price has more than tripled. About Mentor Capital: The Company believes that a healthy, profitable and growing classic energy sector of oil and gas, coal and uranium are vital to a vibrant United States economy. Mentor seeks to support this hoped for future by bringing the advantages of greater liquidity and higher valuations sometimes found in the public markets to founders seeking exit or growth, to outside investors looking for profit, and ultimately to Mentor Capital Inc. (MNTR) shareholders seeking a good return. Management believes that in this environment the best outcomes for all parties, including Mentor shareholders, will come by providing balanced, fair and creative financial solutions as the Company grows its position in the energy sector. 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 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 and 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 or direction to differ materially from those intended or anticipated. Such risks include, without limitation: delays in finding and purchasing suitable investments at favorable prices, nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sa

Energy Assets Purchased for Cash Now Equal 11 cents per MNTR Share PLANO, Texas,--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced that in an all-cash transaction it has added eight additional lots to its recent holdings of various royalty interest participations in the West Texas Permian Basin. Mentor’s purchased royalty streams pay out a portion of the revenue from oil and gas production “off the top” with no responsibility to pay the expenses of the underlying production. This recent additional purchase, on a cost basis, increases Mentor’s overall ownership of assets in the classic energy sector of oil and gas, coal and uranium by approximately 27.5%. The three major Permian Basin pooled oil and gas projects that Mentor currently participates in represent in total approximately 131 producing wells plus a number of development opportunities. This large combined oil and gas footprint is expected to have considerable life. As is now common in Permian oil fields, some existing and possible wells are projected to utilize multi-leg horizontal and directional drilling with parallel lateral lengths reaching out 2 to 3 miles. This second recent oil interest purchase and this announcement continues Mentor Capital’s ongoing program to acquire and build up its inventory of classic energy assets in oil and gas, coal and uranium businesses. On a cost basis, this latest follow-on purchase increases Mentor’s portfolio of classic energy assets owned to 10.92 cents per Mentor common share, with 21,686,105 shares outstanding. About Mentor Capital: The Company believes that a healthy, profitable and growing classic energy sector of oil and gas, coal and uranium are vital to a vibrant United States economy. Mentor seeks to support this hoped for future by bringing the advantages of greater liquidity and higher valuations sometimes found in the public markets to founders seeking exit or growth, to outside investors looking for profit, and ultimately to Mentor Capital Inc. (MNTR) shareholders seeking a good return. Management believes that in this environment the best outcomes for all parties, including Mentor shareholders, will come by providing balanced, fair and creative financial solutions as the Company grows its position in the energy sector. 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 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 and 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 or direction to differ materially from those intended or anticipated. Such risks include, without limitation: delays in finding and purchasing suitable investments at favorable prices, nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing additional financing, the potential of competitive products, services, and technologies, difficulties experienced in program development, in recruiting and retaining key and knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as government regulations, energy regulations, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: <a hr

25 Net Royalty Acres Purchased as Part of a 71 Producing Well Program PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced that in an all cash transaction it has purchased a 25.127 net royalty acre portion of a producing 71 well pooled project in the West Texas Permian Basin. Mentor’s purchased royalty stream is the equivalent to 12.5% “off the top” of oil and gas revenues for its acreage, with no responsibility to pay any expenses. During the preceding six-months, the average production for Mentor’s portion has been recorded as 10 barrels of oil per day, plus 24,000 cubic feet of natural gas per day. Additionally, 16 well locations in the Dean and Wolfcamp formation remain in project inventory pending development by the major operator, Diamondback E&amp;P LLC. The pooled project that Mentor participates in has total oil and gas production of approximately $1,000,000 per day and is expected to have considerable life. As is now common in Permian oil fields, some existing and the 16 possible wells are projected to utilize multi-leg horizontal and directional drilling with parallel lateral lengths reaching out 2 to 3 miles. This oil interest purchase is part of Mentor Capital’s ongoing program to acquire and build up its inventory of classic energy assets in oil and gas, coal and uranium businesses. On a cost basis, this purchase increases Mentor’s portfolio of classic energy assets owned to 8.1 cents per Mentor common share, with 21,686,105 shares outstanding. About Mentor Capital: The Company believes that a healthy, profitable and growing classic energy sector of oil and gas, coal and uranium are vital to a vibrant United States economy. Mentor seeks to support this hoped for future by bringing the advantages of greater liquidity and higher valuations sometimes found in the public markets to founders seeking exit or growth, to outside investors looking for profit, and ultimately to Mentor Capital Inc. (MNTR) shareholders seeking a good return. Management believes that in this environment the best outcomes for all, including Mentor shareholders, will come by providing balanced, fair and creative financial solutions to all parties as the Company grows its position in the energy world. 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 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 and 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 or direction to differ materially from those intended or anticipated. Such risks include, without limitation: delays in finding and purchasing suitable investments at favorable prices, nonperformance of investments, partner and portfolio difficulties, potential delays in marketing and sales, problems securing additional financing, the potential of competitive products, services, and technologies, difficulties experienced in program development, in recruiting and retaining key and knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as government regulations, energy regulations, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: <a href="https://ir.mento

Operating Partners, Investments and Cash Deployments Affected PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reported a closing share price of $0.056 per share in its quarterly Form 10-Q filing for the third quarter ended September 30, 2024, filed with the Securities and Exchange Commission. After the third-quarter end, Mentor received a material subsidiary divestiture cash payment equal to an added $0.048 per share, resulting in today’s net debt-free cash and equivalents holdings of approximately $0.121 per share. The Company calculates that today’s value of the existing net cash and equivalents per share of the business, is over 200% of the market price of the Company's stock price. Also subsequent to quarter-end, the November 2024 national election results were substantially announced. Mentor Capital’s emphasis on the classic energy sectors of uranium, coal, oil and gas are, in the opinion of management, consistent with the incoming administration’s energy philosophy and focus. Mentor is looking to partner with interest holders and operator(s) that wish to continue to operate their business, could benefit from up to a $2,000,000 cash addition to their balance sheet, and would profit from the liquidity, valuation multiples, and ability to raise capital that may be found when operating within the public market. On September 30, 2024, the Company had 21,830,393 common shares and 11 Series Q convertible preferred shares outstanding, plus 4,250,000 Series D warrants outstanding with an exercise price of $0.02 per share, and 413,512 Series H warrants that an investment bank holds at a $7.00 per share exercise price. No equity was granted to directors, insiders, consultants, or investor relations firms during the quarter ending September 30, 2024. A 3,000,000 share repurchase plan was authorized, and on November 18, 2024, a total of 95,788 shares remained to be repurchased under the plan. For the nine months ended September 30, 2024, a total of 2,855,712 MNTR common shares were repurchased and retired at an average price of $0.058 per share. The Company's shares finished the quarter at a closing price of $0.056 per share, representing a market capitalization of $1,222,502 compared to a 2023 year-end closing price of $0.062 per share and a corresponding market capitalization of $1,540,413. The Company finished the quarter with a book value of $2,955,184 or $0.135 per share, compared to a book value of $3,915,717 or $0.159 per share at 2023 year-end. The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on September 30, 2018, was valued at $20,843 per share on September 30, 2024, which is an approximate 13.87% average compound annual rate of return over each of the last six years. The Company is managed by Chairman and CEO Chet Billingsley who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 8.33% on a fully diluted basis as of September 30, 2024, with other directors and officers holding an additional 6.06% on a fully diluted basis. The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found. About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors of uranium, coal, oil and gas. This press release is neithe

Remaining Net Cash Exceeds 200% of Share Price PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reports that the Company has thus far repurchased 2,855,712 of the Company’s previously outstanding shares through independent broker public market purchases. This ongoing stock repurchase program is intended to return cash from operating and business sale activities to shareholder investors and is Mentor’s third such stock buyback. Mentor is debt free and has net cash and equivalents which approximately equal twice the combined share price of all remaining Mentor Capital outstanding shares. Mentor seeks to apply these funds and others, to support owners of profitable private fossil fuel, uranium, and related companies or their royalties. Owners of these sort of energy ventures that wish to transition or continue to direct their business, with the added advantages of public market participation, are encouraged to contact Mentor directly to talk to our senior management. About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors of uranium, coal, oil and gas. Additional important information for investors and shareholders can be found at the Company's website: 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 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 and 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 or direction 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 financing, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting and retaining key and knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, energy regulations, and inflation. Further information concerning these, and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, can be found at: https://ir.mentorcapital.com/all-sec-filings 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20241021978489/en/ For further information, contact: Mentor Capital, Inc. Chet Billingsley, CEO (760) 788-4700 info@mentorcapital.com<

PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR), a classic energy company, in its 2023 10-K, reported cash of $0.10 per share with no net debt versus today’s share price of $0.04 per share. During 2023, the Company announced that the theoretical cash breakup value of the business may exceed the price of the stock. In support and response, three directors, including the CEO, purchased a total of 2,128,117 Mentor common shares. Commencing in June 2023, the Company initiated and soon thereafter completed the stock repurchase of the final 255,252 of a 300,000 share repurchase plan. During the fourth quarter of 2023, the Board of Directors of the Company approved a second stock repurchase plan authorizing the Company to repurchase up to 3,000,000 shares of the Company’s common stock. The second stock repurchase is anticipated to start during the spring of 2024. On October 4, 2023, Mentor sold its interest in a subsidiary unit in a $6,000,000 transaction comprised of $5,000,000 in cash and a $1,000,000 one-year note. The cash proceeds of the sale were used to increase Mentor Capital’s energy investments in Exxon Mobil Corp., Occidental Petroleum Corp., Chevron Corp., Cameco Corp., a uranium investment, and Arch Resources, Inc., a coal investment, which together now total the majority of the Company’s non-cash assets. At year-end, substantially all debts and liabilities of the Company were retired including significant accumulated benefits owed to the CEO from over a large number of years. The meeting fees to directors were increased to $2,500, and the CEO’s annual salary was increased to $208,000 per year to adjust for inflation. Finally, the assignable Series D warrants were reset to 2 cents per share for original owners and for assignees after a 10 cent redemption fee is paid. There are currently 4,250,000 Series D warrants outstanding. The Company reports that for the twelve months ended December 31, 2023, Mentor had net income of $3,157,658 with a resulting basic gain of 13.7 cents per share, or 12.2 cents on a diluted basis. On December 31, 2023 and currently, the Company has 24,686,105 common shares and 11 Series Q convertible preferred shares outstanding. No equity was granted to directors, insiders, consultants, or investor relations firms during the year ending December 31, 2023. The Company's shares finished the year at a closing price of $0.062 per share, representing a market capitalization of $1,540,413 compared to a 2022 year-end closing price of $0.050 per share and a corresponding market capitalization of $1,147,068. The Company finished the year with a book value of $4,393,717 or $0.178 per share, compared to a book value of $1,726,099 or $0.075 per share at 2022 year-end. The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on December 31, 2023, which is an approximate 13.4% average compound annual rate of return over each of the last six years. The Form 10-K may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found. About Mentor Capital: As an operating company, Mentor seeks to acquire already cash flowing oil &amp; gas, uranium, and coal businesses, assets and royalties by applying the residual $3,000,000 in current and upcoming cash, plus Mentor public stock, coupled with future incoming equity and debt, if any. Mentor looks to support operators, owners and investors who, in addition to cash, wish to have the option to be able to continue to operate and, in this way, capitalize on

Proceeds Target Classic Energy Acquisitions PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reported revenue of $8,490,515 for the trailing twelve months or $0.37 per share against a market capitalization of $918,787 at a corresponding share price of $0.041 per share in its quarterly Form 10-Q filing for the third quarter ended September 30, 2023, filed with the Securities and Exchange Commission. The Company had announced its estimate that the theoretical cash breakup value of the business, net of liabilities, may significantly exceed the current market price of the Company's stock. Subsequent to quarter end, on October 4, 2023, Mentor sold its interest in a subsidiary unit in a $6,000,000 transaction comprised of $5,000,000 in cash and a $1,000,000 one-year note. The Company reports that for the nine months ended September 30, 2023, Mentor had revenues of $6,432,616 and a gross profit of $2,281,216, with a resulting net loss attributable to Mentor of (1.5) cents per share. This represents a 14.66% increase in revenue and a 32.36% increase in gross profit over the prior-year quarter ended September 30, 2023, in which Mentor had revenues of $5,647,817 and gross profit of $1,723,437. On September 30, 2023, the Company had 22,686,105 common shares and 11 Series Q convertible preferred shares outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share, and 413,512 Series H warrants that an investment bank holds at a $7.00 per share exercise price. No equity was granted to directors, insiders, consultants, or investor relations firms during the quarter ending September 30, 2023. A long-term share repurchase plan was authorized in 2014, and on September 30, 2023, a total of 0 shares remained to be repurchased under the plan. For the nine months ended September 30, 2023, a total of 255,252 MNTR common shares were repurchased and retired at an average price of $0.029 per share. The Company's shares finished the quarter at a closing price of $0.041 per share, representing a market capitalization of $918,787 compared to a 2022 year-end closing price of $0.050 per share and a corresponding market capitalization of $1,147,068. The Company finished the quarter with a book value of $1,421,124 or $0.063 per share, compared to a book value of $1,726,099 or $0.075 per share at 2022 year-end. The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on September 30, 2023, which is an approximate 15.5% average compound annual rate of return over each of the last five years. The Company is managed by Chairman and CEO Chet Billingsley (71), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 7.45% on a fully diluted basis as of September 30, 2023, with other directors and officers holding an additional 6.22% on a fully diluted basis. The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found. About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors of uranium, coal, oil and gas. This press release is neither an offer to sell nor a solicitation of offers to purchase securities. Forward-Looking Statements<

Exxon, Chevron, Occidental, Arch, and Cameco are First in Energy Index PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) announced it completed its move into the classic energy sector on November 2, 2023, with the majority of the Company’s non-cash assets, as planned, now springing from uranium, coal, oil and gas related royalties, companies, or projects. Mentor specifically initiated this shift of its planned focus into the classic energy sector on May 24, 2023, with the first of paced energy stock purchases in a newly created Mentor Classic Energy Index. During the approximately five months since its creation, through to November 2nd, the Mentor Classic Energy Index has appreciated 10.2%. During that same five-month period, the Mentor Capital, Inc. closing share price increased 390%, with the closing share price gain continuing at 67.8% during the latest one-month period of October 2023. The major components of the Mentor Classic Energy Index currently include Exxon Mobil Corporation and Chevron Corporation who have recently made major respective purchases in Pioneer Natural Resources for $59.5 billion and Hess for $53 billion; Occidental Petroleum Corporation in which Warren Buffet’s Berkshire Hathaway increased its 25% investment to $12.7 billion; Cameco Corporation, a uranium company that just announced a purchase of 49% of Westinghouse for $4.1 billion; and Arch Resources, Inc. a $2.8 billion coal company whose share price increased 28.9% across the recent five-month period during which the Mentor Classic Energy Index was being initiated and funded. The Mentor Classic Energy Index is a proprietary tracking index. It is being used by Mentor for marketing purposes to reflect the general state of the classic energy market. It is not open to separate outside investment. While the index shares are a significant overall component of Mentor Capital, Inc. value, the Company has always been an operating company with the majority of its assets comprised of operating entities. The Mentor board has recently reaffirmed its commitment to being an operating company concentrating in the uranium, coal, oil and gas businesses. The Mentor Capital, Inc. founder and CEO is Chet Billingsley whose education and career have embraced a broad swath of energy technologies, including: nuclear engineering, fusion, oil and gas partnerships, coal gasification, liquified natural gas, solar systems, hydrogen power, geothermal, pumped hydro, and tidal power. Mr. Billingsley observes about Mentor, “Energy touches everything we do, move or make. To provide a better future for us all, the stewards of the assets of society, the men and women of business, must continually try to accomplish these things better and more efficiently. Many of us from the sciences, the keepers of the numbers, can calculate that fossil fuels and nuclear are the better and more cost-efficient source for that energy we all use for the better life we seek. For those investors that agree with this philosophy, Mentor Capital is structured to be a pure play in the oil, natural gas, coal, uranium, and related businesses for them.” In preparation for the move to the energy sector, in 2023, Mentor sold 93% of its non-energy legacy assets. For clarity, substantially all legacy cannabis-related interests were sold in 2022, and Mentor has no remaining cannabis involvement or exposure. Until also divested, Mentor will continue to collect on its residual AI and annuity-like positions that are now a minority of the Company’s assets. 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 federal securities laws, including statements concerning financial projections, financing activities, corporate combinations, product d

Strategic Buyer Pays Premium for MNTR's Investment in Trash Company PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) reports the sale to a strategic buyer of Mentor's legacy 51% stock interest in an Arizona-based trash consolidating business for $5.0 million in cash received October 4, 2023, plus $1.0 million in an additional note payable due in one-year, pending any unforeseen adjustments. This compares to Mentor's current market capitalization of $930,000 and recent book value of approximately $1,640,000. On June 30, 2023, Mentor estimated and reported that "the theoretical cash breakup value of the business, net of liabilities, may significantly exceed the current market price of the Company's stock." Mentor has initiated the expansion of its planned focus in the classic energy sector with paced stock purchases in the oil, gas, uranium, coal, and related companies. Until divested, Mentor will continue to operate and collect on its other various business interests. In addition, during the late second and early third quarters of 2023, Mentor completed its second of two long-term stock repurchase programs. About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors. 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 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 and 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 or direction 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, the potential of competitive products, services, and technologies, difficulties experienced in product development, in recruiting knowledgeable personnel, in protecting intellectual property, and the effects of adverse worldwide economic events, such as the coronavirus recovery, government regulations, ESG challenges, energy prices, and inflation. Further information concerning these and other risks is included in the Company's Form 10-Q and Form 10-K filings, which, along with additional very important details on the Company, can be found here: https://ir.mentorcapital.com/all-sec-filings 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20231005565206/en/ Mentor Capital, Inc. Chet Billingsley, CEO (760) 788-4700 info@mentorcapital.com Source: Mentor Capital, Inc.

Second Stock Repurchase Program Completed as Announced PLANO, Texas--(BUSINESS WIRE)-- Mentor Capital, Inc. (OTCQB: MNTR) Reported revenue of $8,269,003 for the trailing twelve months or $0.36 per share against a market capitalization of $606,799 at a corresponding share price of $0.026 per share in its quarterly Form 10-Q filing for the second quarter ended June 30, 2023, filed with the Securities and Exchange Commission. The Company estimates that the theoretical cash breakup value of the business, net of liabilities, may significantly exceed the current market price of the Company's stock. The Company reports that for the six months ended June 30, 2023, Mentor had revenues of $4,280,805 and a gross profit of $1,606,082, with a resulting net loss attributable to Mentor of (0.8) cents per share. This represents a 15.15% increase in revenue and a 25.10% increase in gross profit over the prior-year quarter ended June 30, 2023, in which Mentor had revenues of $3,717,518 and gross profit of $1,283,852. On June 30, 2023, the Company had 22,941,357 common shares and 11 Series Q convertible preferred shares outstanding, plus 6,250,000 Series D warrants outstanding with an exercise price of $1.60 per share, and 413,512 Series H warrants that an investment bank holds at a $7.00 per share exercise price. No equity was granted to directors, insiders, consultants, or investor relations firms during the quarter ending June 30, 2023. A long-term share repurchase plan was authorized in 2014, and on June 30, 2023, a total of 232,852 shares remained to be repurchased under the plan. For the six months ended June 30, 2023, a total of 22,400 shares were repurchased but have not yet been retired at an average price of $0.027 per share. Subsequent to quarter end, the remaining 232,852 shares were repurchased at an average price of $0.028 per share. The Company's shares finished the quarter at a closing price of $0.026 per share, representing a market capitalization of $606,799 compared to a 2022 year-end closing price of $0.050 per share and a corresponding market capitalization of $1,147,068. The Company finished the quarter with a book value of $1,637,987 or $0.071 per share, compared to a book value of $1,726,099 at 2022 year-end. The Series Q Convertible Preferred Stock, for accredited investors, first valued at $10,000 per share on May 30, 2018, was valued at $20,843 per share on June 30, 2023, which is an approximate 15.5% average compound annual rate of return over each of the last five years. The Company is managed by Chairman and CEO Chet Billingsley (70), who founded Mentor Capital first as an acquisition partnership in 1985. Mr. Billingsley's interest is reported at 7.45% on a fully diluted basis as of June 30, 2023, with other directors and officers holding an additional 6.22% on a fully diluted basis. The Form 10-Q may be referenced through the SEC's EDGAR system at: https://www.sec.gov/edgar/searchedgar/companysearch.html or at the Company's website: www.MentorCapital.com, where additional important information for investors can be found. About Mentor Capital: The Company seeks to come alongside and assist private companies and their founders and investors in meeting their liquidity, equity financing, and acquisition objectives. Mentor is currently focusing its new efforts on adding assets in the classic energy sectors. 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 federal securities laws, including statements concerning financial projections, financi