Calotto Capital Inc.
TSX VENTURE : TTO.P

June 30, 2009 13:31 ET

Calotto Capital Inc. Receives Extension of Deadline to Complete a Qualifying Transaction

TORONTO, ONTARIO--(Marketwire - June 30, 2009) -

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Calotto Capital Inc. (the "Company") (TSX VENTURE:TTO.P) is pleased to announce the TSX Venture Exchange (the "Exchange") has advised the Company that the Exchange has granted the Company's application for a six-month extension to complete a Qualifying Transaction ("QT") within the meaning of the policies of the Exchange.

The application for an extension was made by the Company pursuant to Exchange Bulletins dated November 3, 2008 and March 6, 2009, entitled "Temporary Relief Measures". As a result of the six-month extension, the deadline for the Company to complete a QT is now January 25, 2010.

As previously announced on May 29, 2009, the Company has entered into a Letter of Intent with Hamilton Thorne, Inc. to purchase all of the issued securities of Hamilton Thorne (the "Acquisition"). The Acquisition, if completed, will constitute the Company's "Qualifying Transaction" under the Exchange Policy 2.4. The Company and Hamilton Thorne continue to work on finalizing the necessary documents to complete the Acquisition.

The Company also wishes to announce that all items put forth at the Company's Annual General Meeting held on June 24, 2009 were approved by the shareholders.

INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE. CALOTTO CAPITAL INC. IS A CAPITAL POOL COMPANY GOVERNED BY THE POLICIES OF TSXV. ITS PRINCIPAL BUSINESS IS THE IDENTIFICATION AND EVALUATION OF ASSETS OR BUSINESSES WITH A VIEW TO COMPLETING A QUALIFYING TRANSACTION.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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