Coastport Capital Inc.
TSX VENTURE : CPP
FRANKFURT : C1J

Coastport Capital Inc.

April 23, 2010 17:56 ET

Coastport Capital Inc.: Financing Increased

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 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 further to the Company's News Release dated April 13, 2010, the non-brokered private placement has been increased from $350,000 to $548,750. The private placement will consist 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 for a period of 12 months, at a price of $0.20 during the first six months, and at a price of $0.30 during the following six months.

Fees and commissions will be payable in connection with the private placement. The private placement is subject to the approval of the TSX Venture Exchange.

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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