Niagara Ventures Corporation Completes Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Aug. 23, 2012) -

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Niagara Ventures Corporation (TSX VENTURE:NIA.P) ("Niagara"), a capital pool company, is pleased to announce that it has completed its initial public offering ("Offering") of 11,503,532 common shares at a price of $0.20 per share for gross proceeds of $2,300,706.40.

The net proceeds of the Offering will be used to identify and evaluate assets or businesses for acquisition with a view to completing a Qualifying Transaction under the Capital Pool Company program of the TSX Venture Exchange as disclosed in Niagara's prospectus dated August 2, 2012. Niagara's common shares have been conditionally approved for listing on the TSX Venture Exchange. Niagara expects its common shares will commence trading shortly under the symbol NIA.P.

Macquarie Private Wealth Inc. acted as the lead agent for the Offering with National Bank Financial, MGI Securities Inc. and BMO Nesbitt Burns Inc. acting as the sub-agents (together, the "Agents"). In connection with the Offering, Niagara granted to the Agents non-transferable options to purchase up to an aggregate of 920,283 common shares at a price of $0.20 per share exercisable for a period of 24 months from the date Niagara's common shares are listed on the TSX Venture Exchange.

Larry Phillips, Chief Executive Officer of Niagara stated, "We appreciate the work of the Agents in completing the near maximum offering under Niagara's Prospectus. We can now commence the work of indentifying a potential Qualifying Transaction to provide our shareholders with value for their initial investments."

Forward-looking information:

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Niagara assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Niagara. Additional information identifying risks and uncertainties is contained in Niagara's filings with the Canadian securities regulators, which filings are available at www.sedar.com.