Mr. Kevin Bottomley reports

SCEPTRE VENTURES ANNOUNCES 10-FOR-1 SHARE CONSOLIDATION AND NON-BROKERED PRIVATE PLACEMENT OFFERING

Sceptre Ventures Inc. intends to complete a consolidation of its issued and outstanding common shares on the basis of one new share for every 10 current outstanding shares. The company also wishes to announce a non-brokered private placement offering of up to six million units at a price of five cents (preconsolidated price) per unit to raise gross proceeds of up to $300,000.

It is anticipated that the consolidation will reduce the number of outstanding shares from 24,016,477 shares to approximately 2,401,647 postconsolidated shares, subject to adjustment for rounding. The board of directors of the company believes that the consolidation will both enhance the marketability of the company as an investment and better position the company to raise the funds necessary to execute the company's business plan. The consolidation is subject to approval by the TSX Venture Exchange.

The company does not intend to change its name or its current trading symbol in connection with the proposed consolidation. The effective date of the consolidation will be announced in a subsequent news release. No fractional postconsolidated shares will be issued as a result of the consolidation. Shareholders who would otherwise be entitled to receive a fraction of a postconsolidated share will be rounded up to the nearest whole number of postconsolidated shares, and no cash consideration will be paid in respect of fractional shares. The exercise price and number of shares of the company issuable upon the exercise of outstanding options and warrants will be proportionally adjusted upon the implementation of the proposed consolidation in accordance with the terms thereof.

The private placement will consist of the issuance of up to six million units (600,000 units on a postconsolidation basis) at a price of five cents per unit (50 cents per unit on a postconsolidation basis). Each unit will be composed of one share and one transferable share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 7.5 cents per warrant share (75 cents per warrant share on a postconsolidation basis) for a period of two years following the closing of the private placement.

Proceeds derived from the private placement will be used for identifying and evaluating a proposed qualifying transaction (as defined in exchange Policy 2.4) and for general working capital purposes. No proceeds of the private placement are proposed to be paid to any non-arm's-length parties or for investor relations activities. Finders' fees may be payable in connection with the private placement.

All securities issued pursuant to the private placement will be subject to a statutory hold period expiring four months and one day after closing. Completion of the private placement is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the exchange.

About Sceptre Ventures Inc.

Sceptre is a capital pool company within the meaning of the policies of the TSX Venture Exchange, has not commenced commercial operations and has no assets other than cash. Sceptre is currently engaged in identifying and evaluating businesses and assets with a view to completing a qualifying transaction under the TSX-V's capital pool company policy.

We seek Safe Harbor.