Coastport Capital Inc.
TSX VENTURE : CPP
FRANKFURT : C1J

Coastport Capital Inc.

June 21, 2010 18:42 ET

Coastport Capital Inc.: Corporate Update

CALGARY, ALBERTA--(Marketwire - June 21, 2010) - David Patterson, Chairman of Coastport Capital Inc. ("Coastport" or the "Company") (TSX VENTURE:CPP)(FRANKFURT:C1J), reports that at the Company's annual general meeting, Malcolm Todd, Murray Scalf, Randy Kwasnicia, Laurie Sadler, Colin Watt, and David Patterson were elected to the Company's Board of Directors. In addition, the following executives have been appointed: Malcolm Todd as Chief Executive Officer; Murray Scalf as Vice President of Business Development; and Robert Todd as Chief Financial Officer. At the meeting, shareholders approved the continuation of the Company from British Columbia to Alberta.

In addition, Ken Stephenson of Calgary, Alberta has joined the Company's Board of Directors. The Company has also granted 3,700,000 incentive stock options to certain of its directors, officers, employees, and consultants exercisable at a price of $0.125 per share for a period of three years.

Coastport is an emerging Canadian oil and natural gas exploration and production company, focused on horizontal multi-stage frac development in the liquid-rich Montney and Bluesky formations in the Deep Valley area of Northwestern Alberta.

ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.

David Patterson, Chairman

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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