Pacific Orient Capital Inc.

March 25, 2010 10:01 ET

Pacific Orient Capital Inc. Completes Initial Public Offering

TORONTO, ONTARIO--(Marketwire - March 25, 2010) - Pacific Orient Capital Inc. (the "Company") is pleased to announce that it has successfully completed its initial public offering (the "Offering") of 1,000,000 common shares (the "Common Shares") at a price of $0.20 per share for gross proceeds of $200,000, with Mackie Research Capital Corporation ("Mackie"), acting as Agent. As a result of this issuance, the Company now has 2,000,000 Common Shares issued and outstanding.

In connection with the Offering, the Company granted warrants to Mackie and certain sub-agents to acquire an aggregate of 100,000 Common Shares (the "Agent's Warrant") at an exercise price of $0.20 per warrant. The Agent's Warrant will expire 24 months from the date the Common Shares are listed on the TSX Venture Exchange Inc. (the "Exchange"). Mackie also received a cash commission equal to 10% of the gross proceeds of the Offering and a corporate finance fee.

The Company has also granted incentive stock options to acquire an aggregate of 200,000 Common Shares at an exercise price of $0.20 per option to the directors and officers of the Company, which expire 5 years from the date of grant.

The Company is a capital pool company under the policies of the Exchange. The Exchange has conditionally approved the listing of the Common Shares and the Company now intends to make application for final approval. It is expected that the Common Shares will commence trading on the Exchange under the trading symbol "AAQ.P".

Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

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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