Coastport Capital Inc.
TSX VENTURE : CPP
FRANKFURT : C1J

Coastport Capital Inc.

April 30, 2010 18:33 ET

Coastport Capital: $548,750 Private Placement Closing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2010) -

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

David Patterson, President of Coastport Capital Inc. (TSX VENTURE:CPP)(FRANKFURT:C1J), reports that the Company has raised $548,750 through the issuance of 4,390,000 Units at a price of $0.125 per Unit.

Each Unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder, on exercise, to purchase one common share at a price of $0.20 until October 30, 2010, and at a price of $0.30 until April 30, 2011.

The Company has undertaken to pay finder's fees of $20,475 and 163,800 finder's warrants, where each finder's warrant is exercisable into one common share at a price of $0.20 until October 30, 2010 and at a price of $0.30 until April 30, 2011.

All securities issued in the private placement, including any shares which may be issued upon the exercise of warrants or finder's warrants, have a hold period expiring August 31, 2010.

ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.

David Patterson, President

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 news release.

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