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FOR: SOLIUM CAPITAL INC. CDNX SYMBOL: SUM December 10, 2002 CALGARY, ALBERTA - Solium Capital Inc. ("Solium") announces its intention to raise up to $1,000,000 by way of the issuance of demand debentures (the "Debentures"). The Debentures will bear an interest rate of 10% per annum, and the interest will be payable on a quarterly basis. This debt financing remains subject to Solium obtaining receipt of all requisite regulatory approvals. The Debentures will be secured and supported by a fixed and floating charge covering all of the present and after-acquired assets, undertakings and personal property of Solium. This debt financing remains subject to Solium obtaining receipt of all requisite regulatory approvals. Michael Broadfoot, the Chairman of Solium, and Shelley Kuipers, a director of Solium, will provide the debt financing to Solium. This debt financing remains subject to Solium obtaining receipt of all requisite regulatory approvals. The independent members of the board of directors of Solium reviewed and unanimously approved the proposed debt financing on the basis that this financing is in the best interests of shareholders. The closing of this financing is expected to occur by no later than December 31, 2002 due to the immediate need for working capital. This debt financing remains subject to Solium obtaining receipt of all requisite regulatory approvals. The proceeds from the proposed financing will be used for working capital purposes and to further implement new functionality and product enhancements of the e SOAP and e SPP applications. These product developments are critical to Solium in continuing in its success and strategy, to quickly penetrate the Canadian marketplace as it relates to employee stock option and share purchase management programs. This debt financing remains subject to Solium obtaining receipt of all requisite regulatory approvals. -30 - FOR FURTHER INFORMATION PLEASE CONTACT:
Solium Capital Inc. The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.
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