Coastport Capital Inc.
TSX VENTURE : CPP
FRANKFURT : C1J

Coastport Capital Inc.

January 18, 2008 19:30 ET

Coastport Capital Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2008) - David Patterson, President of Coastport Capital Inc. (TSX VENTURE:CPP)(FRANKFURT:C1J), reports that the Company has granted 825,000 incentive stock options to certain of its directors, officers, employees and consultants. The stock options are exercisable at a price of $0.20 per common share for a period of one year.

In addition, the Company has re-priced 1,125,000 stock options, currently exercisable at prices from $0.57 to $1.15 per common share, to $0.20 per common share. Also, 230,000 existing stock options currently exercisable at a price of $0.90 have been re-priced to $0.20 per common share and their expiry date has been extended from March 13, 2008 to March 13, 2009.

ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.

David Patterson, President

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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