Risk Disclosure

The disclosures below summarise material risks associated with the strategies discussed on this website. They are general in nature, are not exhaustive, and do not replace the tailored risk discussion and suitability assessment that form part of every client engagement.

1. General investment risk

The value of investments and any income derived from them can fall as well as rise. You may receive back less than you invested, and in some circumstances you may lose the entire amount invested.

2. Market risk

Prices are affected by economic conditions, interest rates, inflation, monetary policy, investor sentiment and geopolitical events. Markets can move sharply and without warning, and periods of decline can be prolonged.

3. Volatility risk

Gold, precious metals and derivative instruments can experience significant short-term price swings. Volatility can increase the risk of loss and can make it difficult to enter or exit positions at expected prices.

4. Gold and precious-metals risk

Gold produces no income or yield. Its price is influenced by real interest rates, currency movements, central-bank activity, mining supply and investor demand. Gold can underperform other asset classes for extended periods and is not a guaranteed store of value or hedge against inflation.

5. Options and derivatives risk

Options are complex instruments and are not suitable for all investors. Options can expire worthless, and a purchaser can lose the entire premium paid. Writing or selling options can create obligations and exposure that exceed the premium received, and in certain structures losses can be substantial. Derivative positions require active monitoring and may be affected by time decay, changes in implied volatility, assignment, exercise mechanics and margin requirements.

6. Leverage risk

Certain instruments provide exposure that is greater than the amount of capital committed. Leverage magnifies both gains and losses, can accelerate losses beyond expectations and may result in additional funding obligations, including margin calls.

7. Concentration risk

Strategies focused on a single asset class — such as gold and precious metals — are more concentrated than diversified portfolios and may experience greater volatility and larger drawdowns.

8. Liquidity risk

Some positions cannot be exited quickly or at a fair price, particularly in stressed markets, in thinly traded instruments or in options series with limited open interest.

9. Currency risk

Gold and many related instruments are priced in U.S. dollars. For investors whose reference currency is the Canadian dollar or another currency, exchange-rate movements may increase or reduce returns independently of the underlying investment.

10. Counterparty and operational risk

Transactions depend on brokers, custodians, exchanges, clearing houses and other intermediaries. The failure, insolvency, error or operational disruption of a counterparty or service provider may result in delay or loss.

11. Regulatory, legal and tax risk

Changes in law, regulation, market rules or tax treatment may adversely affect an investment or the way a strategy can be implemented. Tax treatment depends on individual circumstances and may change. Nothing on this website is tax or legal advice; consult a qualified professional.

12. Suitability and personal circumstances

No strategy described on this website is suitable for every investor. Suitability depends on your objectives, investment horizon, financial circumstances, knowledge, experience and capacity to bear loss. Any strategy Maryana Capital discusses with a client follows an assessment of those factors, and clients should read all applicable offering, account and risk documentation before proceeding.

13. No guarantee and no advice

Maryana Capital Inc. does not guarantee any level of return, income or performance, and does not guarantee against loss. Content on this website is informational and educational only and is not personalised investment advice, nor an offer or solicitation where such an offer would be prohibited. Illustrations, charts and figures shown on this website are illustrative and do not represent actual client results or live market pricing.

Independent verification and professional advice

Investors should independently verify the firm's registration status through the applicable securities regulator and should obtain independent financial, tax and legal advice before making any investment decision. See our Regulatory & Corporate Information.

Questions

Questions about these disclosures may be directed to compliance@maryana.ca.

Last updated: August 2026.

This website is provided for informational and educational purposes only and should not be considered personalised financial advice. Maryana Capital Inc. operates from Ontario, Canada, and provides services only where it is permitted to do so.

Business Number (BN): 832175574 · Ontario Registry ID: 8742740 · NRD #59860