Prelim Capital Inc.
TSX VENTURE : PLM.P

August 28, 2009 16:52 ET

Prelim Capital Announces 2-For-1 Stock Split

TORONTO, ONTARIO--(Marketwire - Aug. 28, 2009) - Prelim Capital Inc. ("Prelim" or the "Company") (TSX VENTURE:PLM.P), a capital pool company, is pleased to announce that it will proceed with the stock split referred to in the Press Release dated May 1, 2009, and approved by shareholders at the Annual and Special Meeting held on June 19, 2009. Shareholders of record on Thursday, September 10, 2009 will be issued one (1) new share of Prelim for each one (1) currently issued and outstanding share of Prelim held by such shareholder (the "Stock Split"). Certificates for the Stock Split will be mailed by the Company's transfer agent, Equity Transfer & Trust, on Monday, September 14, 2009. There will be no change to the Company's CUSIP number or ISIN number. The current issued and outstanding capital of the Company will increase from 2,400,000 common shares, including 700,000 shares held on escrow, to 4,800,000 common shares, including 1,400,000 shares held on escrow. Trading in the common shares of the Company will commence on a post-Stock-Split basis on Tuesday, September 8, 2009.

Neither 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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