POCML 3 Inc. Announces Conditional Approval of Qualifying Transaction with Neo Lithium Corp.

TORONTO, ONTARIO--(Marketwired - June 15, 2016) -

NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES

POCML 3 Inc. (TSX VENTURE:PWR) (the "Corporation" or "POCML") is pleased to announce it has received conditional acceptance from the TSX Venture Exchange ("TSXV") in respect of its qualifying transaction (the "Transaction") with Neo Lithium Corp. ("Neo Lithium") as previously announced in its press release dated March 4, 2016, pursuant to Policy 2.4 - Capital Pool Companies of the TSXV.

In accordance with the previously announced definitive agreement dated April 8, 2016, subject to the receipt of all applicable regulatory and shareholder approvals, POCML will enter into a business combination with Neo Lithium. The Transaction is expected to close on or about July 14, 2016.

Neither 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 release. Investors are cautioned that, except as disclosed in the disclosure document 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 TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including, but not limited to the receipt of applicable regulatory and shareholder approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.