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| Press Release

The Western Investment Company of Canada Announces CFO Transition

CALGARY, Alberta, Nov. 10, 2017 (GLOBE NEWSWIRE) -- The Western Investment Company of Canada Limited (“Western” or the “Company”) (TSX Venture:WI) announces the appointment of Stacey Cross as Chief Financial Officer of Western. This appointment completes a planned transition to prepare for increased activity from a growing number of operating business investments. Stacey's appointment is subject to regulatory approval.

Stacey was appointed as Western’s Controller earlier this year, having served prior as controller at GlassMasters. She is a CPA, CA with 13 years of public and private accounting experience, including 5 years with a national accounting firm.

Board member Rick Moore served as CFO during the founding phase of Western, and has worked with Stacey to prepare for a smooth transition. With this process complete, Rick has decided that in addition to relinquishing that role, now would be an appropriate time for him to resign from the Board.

Western CEO Scott Tannas commented: “We at Western are pleased to have Stacey as CFO at Western as we move toward the next stage of growth and development as a company. We are also grateful to Rick for his strong leadership in the founding and building of our young company. We accept his resignation from our Board with regret. His skills and perspective will be missed.”

About Western (www.winv.ca)

Our purpose is to create long-term wealth for shareholders by building and maintaining a portfolio of strong, stable, and profitable Western-based companies and help them to grow.

CONTACT INFORMATION
The Western Investment Company of Canada Limited
Scott Tannas
President and Chief Executive Officer
(403) 652-2663
stannas@winv.ca

Advisory
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the receipt of regulatory approval for the appointment of the Chief Financial Officer. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond Western's control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Western's disclosure documents on the SEDAR website at www.sedar.com. Any forward-looking statements are made as of the date of this news release and Western does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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.