Ms. Mary Ma reports

PEAK DISCOVERY ANNOUNCES EXPIRY OF LETTER OF INTENT AND TERMINATION OF PROPOSED TRANSACTION

The non-binding letter of intent among Peak Discovery Capital Ltd., All Acacia Resources Inc. (AA) and Enhance Group Pty. Ltd. concerning the proposed reverse takeover transaction involving AA, Enhance and the Mabuhay copper-gold project in the Philippines has expired and will not be extended. Accordingly, the proposed transaction will not proceed.

The company confirms that it has not made any advances or payments to AA or Enhance in connection with the proposed transaction.

The company will continue to evaluate other potential business opportunities.

About Peak Discovery Capital Ltd.

The company's principal business is the identification and evaluation of assets or businesses for potential merger and acquisition transactions.