Sagittarius Capital Announces Management and Board Changes

TORONTO, ONTARIO--(Marketwire - Jan. 22, 2013) - Sagittarius Capital Corporation (NEX:SCX.H) ("Sagittarius" or the "Company"), a capital pool company, announces that Gary Hokkanen has stepped down as CFO and director of the Company; director Jim Macpherson will act as CFO. The Company also welcomes Brian Micner and Brian Presement as new appointments to the board.

Mr. Micner graduated from the University of East Anglia of Law, in England in 2005. Shortly thereafter Mr. Micner earned his certificate at the University of Ottawa School Of Law, after which he established a law practice focused on Criminal and Quasi Criminal matters. Mr. Micner has appeared at all levels of court in Ontario including the Court of Appeal, Superior Court of Justice and Ontario Court of Justice. Mr. Micner is a member of the Criminal Lawyers Association and a member of the Criminal Charges Panel of Legal Aid Ontario.

Mr. Presement has been the President and CEO of Unite Communications Corporation ("UNiTE") since its inception in 2001. Under his leadership, UNiTE has grown from a regional telecom provider offering a narrow set of services to a full scale telecom provider offering services to companies of all sizes all across Canada. Mr. Presement has over 20 years of telecommunications experience. Prior to UNiTE, Mr. Presement served as Vice President Business Development of VOXX Corporation, where he was responsible for the sales and marketing of Voxx's Telecommunications Services. Mr. Presement holds an Honours Bachelor of Arts Degree from York University with a double major in Mass Communications and Political Science.

The Company would like to thank Mr. Hokkanen for his past services to the Company and wishes him well with his future plans.

Forward-Looking Statements

This press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and each of Sagittarius and Alpaca disclaim any intention or obligation to update or revise such information, except as required by applicable law.