Canterbury Park Holding Corporation announced that Peter Ahn and Damon Schramm have been appointed to the Company's Board of Directors, effective October 5, 2022. The appointment of Mr. Ahn and Mr. Schramm to Canterbury Park's Board of Directors increases the size of the Board to seven members, six of whom are considered independent directors under NASDAQ rules. Mr. Ahn will serve on the Board's Audit Committee.

Mr. Schramm will serve on the Board's Compensation Committee. Peter Ahn currently serves as Chief Financial Officer of Hemisphere Companies, a private investment firm he co-founded in 2001. Hemisphere invests across a variety of industries, including restaurants, casinos, entertainment, and retail, among others, managing the entire lifecycle of its portfolio companies from creation to sale.

Prior to establishing Hemisphere Companies, he served as an investment banker with Dain Rauscher (now part of RBC Capital Markets) and Jefferies and Co., with a primary focus on the casino industry. Mr. Ahn brings to Canterbury Park extensive governance experience, having served on the boards of directors for each of Hemisphere's companies. He also served on the boards at Macalester College, the Blake School and the Lake Country School, all of which are located in Minneapolis and St.

Paul. He holds a BA in Economics from Macalester College and an MBA in Strategic Management from the University of Minnesota. Damon Schramm currently serves as Vice President of Legal for Togetherwork where he oversees all the private technology company's legal affairs, advising business partners and executives on corporate transactions, mergers and acquisitions, compliance, data privacy, and employment matters.

Prior to Togetherwork, Mr. Schramm was General Counsel for KASA Holdings, a private equity and holding company operating across the internet, technology and e-commerce sectors. In that role, he provided guidance on mergers and acquisitions, investments, contracts, due diligence and corporate development. He also practiced corporate and gaming law at Lathrop GPM and served as Chief Legal Officer and Secretary for Waitr Inc. and BiteSquad.com, LLC (a public technology company), as well as Senior Vice President, General Counsel and Secretary for Evine Live (a public digital and media company), and Vice President, General Counsel and Secretary for Lakes Entertainment (a public casino gaming company).

Mr. Schramm brings to Canterbury Park gaming industry experience as well as mergers & acquisitions, corporate governance, and legal expertise, having served as corporate secretary for three public companies. He has served as an adjunct professor and lecturer in business law. He holds a BA from the University of Minnesota – Duluth and a JD from William Mitchell College of Law.

He is working towards a Masters of Law in Securities and Financial Regulation from Georgetown University Law Center.