Coastport Capital Inc.
TSX VENTURE : CPP
FRANKFURT : C1J

Coastport Capital Inc.

March 05, 2009 08:00 ET

Coastport Capital Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2009) - David Patterson, President of Coastport Capital Inc. (TSX VENTURE:CPP)(FRANKFURT:C1J), announces that after an assessment of upcoming financial obligations required to keep the Company's interest in good standing, the Company has decided not to pursue the option to earn up to a 100% interest in the Shyri Project, located in Ecuador.

The Company had the option to earn up to a 100% interest in the Shyri Project, from Cornerstone Capital Resources Inc.

ON BEHALF OF THE BOARD OF COASTPORT CAPITAL INC.

David Patterson, President

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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