Mr. Tag Gill reports

WANGTON CAPITAL CORP. ANNOUNCES UPSIZE OF PRIVATE PLACEMENT OF COMMON SHARES

Wangton Capital Corp. has increased the size of its previously announced private placement to up to 7.5 million common shares of the company at a price of 10 cents per share for aggregate proceeds of up to $750,000.

The company intends to use the proceeds from the private placement for evaluating potential qualifying transactions and for general working capital. Closing of the private placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including from the NEX board of the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month and one-day hold period from the date of issuance, in accordance with applicable securities laws. The company may pay finders' fee and/or commissions to eligible persons in connection with the private placement in accordance with applicable securities laws and the policies of the exchange.

Closing of the private placement will occur following completion of the company's previously announced consolidation of its shares based on one new common share for every five existing common shares. Accordingly, the private placement shares will be issued on a postconsolidated basis.

Insiders of the company may participate in the private placement. Any such participation will be considered a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The transaction is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any securities issued to such insiders nor the consideration that will be paid by such persons will exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.