Black Sparrow Capital Corp. Announces Transfer of Listing to NEX

CALGARY, ALBERTA--(Marketwired - April 23, 2014) - Black Sparrow Capital Corp. ("Black Sparrow" or the "Corporation") (TSX VENTURE:BLC.P) announces the cancellation of 1,000,000 escrowed shares and the transfer of the Corporation's listing to NEX, a separate board of the TSX Venture Exchange ("TSXV"), at the open of trading on April 24, 2014. The trading symbol for the Corporation will change from "BLC.P" to "BLC.H". Trading will remain suspended pending the completion or withdrawal of the Corporation's Qualifying Transaction.

The Corporation anticipates that its common shares will remain listed on the NEX until such time as the Corporation completes a transaction sufficient to meet the listing requirements of the TSXV, whereupon the Corporation intends to then apply to list on the TSXV.

Cautionary Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Corporation's Qualifying Transaction or such other transaction sufficient to meet listing requirements of the TSXV. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: conditions imposed by the NEX/TSXV; changes in tax laws, general economic and business conditions; and changes in the regulatory regulation. The Corporation cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor it 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.