Druk Capital Partners Inc.
TSX VENTURE : DRU.P

Druk Capital Partners Inc.

July 19, 2012 18:47 ET

Druk Announces Closing of First Tranche of Private Placement & Provides an Update on Qualifying Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 19, 2012) -

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Druk Capital Partners Inc. ("Druk" or the "Company") (TSX VENTURE:DRU.P), a capital pool company, is pleased to announce that, further to its news releases issued on May 18, 2012 and June 6, 2012, and in connection with its qualifying transaction (the "Qualifying Transaction"), it has closed the first tranche of its non-brokered private placement of 22,212,000 subscription receipts (the "Subscription Receipts") at a price of $0.25 per Subscription Receipt for gross proceeds of $5,553,000 (the "Initial Tranche").

Each Subscription Receipt will entitle the holder to receive one common share of the Company upon satisfaction of certain release conditions (the "Release Conditions") pertaining to the Qualifying Transaction. The gross proceeds from the sale of the Subscription Receipts will be held in escrow pending satisfaction of the Release Conditions. The Release Conditions include the receipt of all regulatory approvals required to complete the Qualifying Transaction and the Company and QMX Gold Corporation (formerly, Alexis Minerals Corporation) agreeing that all conditions under the definitive agreement have been satisfied. If the Release Conditions are not satisfied on or before October 31, 2012, then the subscription proceeds from the Initial Tranche will be returned to the subscribers of the Subscription Receipts.

The Company will pay a cash finder's fee on a portion of the Initial Tranche of 3.5% of the aggregate gross proceeds received pursuant to the Initial Tranche from subscribers introduced to the Company by such finder. The finder's fee will not be payable to the finder if the Release Conditions are not satisfied on or before October 31, 2012.

All securities issued pursuant to the Initial Tranche will be subject to a statutory hold period expiring November 19, 2012. The Initial Tranche is subject to receipt of all necessary approvals, including approval from the Exchange and all other applicable securities regulatory approvals.

Update on the Qualifying Transaction

Druk is currently finalizing various documents required to complete the filings with the TSX Venture Exchange, including finalization and execution of the definitive agreement and a National Instrument 43-101 compliant technical report and a filing statement.

About Druk Capital Partners Inc.

Druk was listed in September 2010 as a Capital Pool Company under TSX Venture Exchange Policy 2.4 and is headquartered in Vancouver, B.C. The company was established by a seasoned group of professionals who have consistently contributed to strong performances in their respective companies over the years through achievement of value enhancing milestones.

On behalf of the board of directors of DRUK CAPITAL PARTNERS INC.

Kelly Klatik, President and CEO

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Qualifying Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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 press release.

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