Freeport Capital Inc.
NEX BOARD : F.H

May 27, 2009 13:45 ET

Freeport Capital Inc. Announces Completion of Private Placement

CALGARY, ALBERTA--(Marketwire - May 27, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES

Freeport Capital Inc. ("Freeport") (NEX BOARD:F.H), a capital pool company listed on the NEX board of the TSX Venture Exchange, is pleased to announce that it has completed a non-brokered private placement of 1,700,000 common shares at $0.05 per share for proceeds of $85,000. A finder's fee will be paid to a certain individual consisting of 100,000 common shares of Freeport. All securities issued in connection with the financing will be subject to a four (4) month hold period under applicable securities legislation.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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