Mentor Capital Adds 8 More Lots to Its Permian Basin Oil and Gas Interests

Energy Assets Purchased for Cash Now Equal 11 cents per MNTR Share

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: 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.

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Mentor Capital, Inc. (MNTR) has added eight additional lots to its recent holdings of various royalty interest participations in the West Texas Permian Basin... bringing classic energy assets owned to 10.92 cents per Mentor common share.