Springrock Capital Inc.
TSX VENTURE : SGK.P

March 26, 2014 20:44 ET

Springrock Capital Files Filing Statement Regarding Qualifying Transaction With ThermoCeramix Inc.

TORONTO, ONTARIO--(Marketwired - March 26, 2014) -

NOT FOR DISSEMINATION TO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES.

Springrock Capital Inc. (TSX VENTURE:SGK.P) ("Springrock" or the "Corporation") is pleased to announce that in connection with the previously announced proposed acquisition of ThermoCeramix, Inc. ("TCX") (the "Qualifying Transaction"), it has filed a filing statement in connection with the Qualifying Transaction (the "Filing Statement") as required by the policies of the TSX Venture Exchange (the "Exchange").

Filing Statement

Springrock has filed the Filing Statement dated March 26, 2014 relating to the Qualifying Transaction. The Filing Statement is available under the Corporation's profile on SEDAR at www.sedar.com.

Exchange Approval and Anticipated Closing Date

Springrock has received conditional approval for the Qualifying Transaction from the Exchange. Assuming all conditions to closing are satisfied, Springrock anticipates that the transactions contemplated in the Filing Statement will be completed and that the Qualifying Transaction will close on or about March 31, 2014.

About Springrock Capital Inc.

Springrock is a Capital Pool Company and intends for the acquisition of TCX to constitute its Qualifying Transaction as such term is defined in the policies of the Exchange. The Qualifying Transaction is not a non-arm's length transaction pursuant to the policies of the Exchange.

About ThermoCeramix, Inc.

TCX is an engineering company incorporated under the Delaware General Corporation Law. TCX is engaged in the research and development of heating solutions for industrial, commercial and residential applications. These solutions utilize TCX™ film heater technology, a patented and proprietary technology for which TCX holds a patent portfolio.

Cautionary Note

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. Where applicable, the Qualifying Transaction cannot close until the required approval is obtained. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying 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.

Forward-Looking Statements

Certain information set forth in this press release may contain "forward-looking statements" or "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein may constitute forward-looking statements. Any such forward-looking statements may be identified by words such as "will" "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Any such statements are not guarantees of future performance and undue reliance should not be placed on them. Any such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Springrock's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that any such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Springrock undertakes no obligation to update any such forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on any such forward-looking statements.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF SPRINGROCK AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE SPRINGROCK MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

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.

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