Legumex Walker, Inc. Announces $13.5 Million "Bought Deal" Financing

WINNIPEG, MANITOBA--(Marketwire - Oct. 2, 2012) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Legumex Walker, Inc. (TSX:LWP) ("Legumex Walker") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc., and including CIBC World Markets Inc., Laurentian Bank Securities Inc., Raymond James Ltd. and HSBC Securities Inc. (the "Underwriters"), which have agreed to purchase, on a bought deal basis, 1,742,000 common shares (the "Shares") of Legumex Walker at a purchase price of $7.75 per Share (the "Offering Price"), for aggregate gross proceeds in the amount of $13,500,500 (the "Offering").

In addition, the Company has granted the Underwriters an option to purchase up to an additional 193,500 Shares at the Offering Price exercisable within 30 days after the closing of the Offering for additional gross proceeds in the amount of up to approximately $1,500,000.

The Offering is scheduled to close on or about October 25, 2012 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

The net proceeds of the Offering will be for organic growth opportunities, flexibility to opportunistically pursue potential acquisitions and for general corporate purposes.

These securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About Legumex Walker, Inc.

Legumex Walker is a growth-oriented processor and merchandiser of pulses (lentils, peas, beans and chickpeas), other special crops and canola products. The Company is one of the largest processors of pulses and other special crops in Canada. Following the close of the Keystone transaction, LWP will have 14 processing facilities strategically located in key growing regions in the Canadian Prairie Provinces, the American Midwest, and China, a global sales, logistics, and distribution platform and access to multimodal transportation capabilities. In addition the Company has an 85 percent interest in Pacific Coast Canola, LLC, a company that is constructing a canola oilseed processing facility in Washington State.

This press release contains "forward-looking information" within the meaning of Canadian securities laws. Such forward-looking information reflects the Company's view with respect to future events (including completion of the Offering and the intended use of proceeds) and is subject to risks, uncertainties and assumptions, including risks relating to completion of the Offering and regulatory approvals and those set out in the Annual Information Form of Legumex Walker for the year ended December 31, 2011 and in the Company's Management Discussion and Analysis for the period ended June 30, 2012, which are available on SEDAR at www.sedar.com and which should be reviewed in conjunction with the press release available at www.sedar.com. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.