Stephen Sadler Acquires Convertible Debenture of Semcan Inc.

TORONTO, ONTARIO--(Marketwire - April 21, 2011) - Stephen Sadler announces that he acquired a convertible debenture (the "Debenture") of Semcan Inc. ("Semcan") in the principal amount of $700,000 on April 14, 2011 in connection with the first tranche of a private placement financing by Semcan for gross proceeds of $2,104,520. The Debenture is convertible at the option of Mr. Sadler into units (the "Units") at a price of $0.14 per Unit. Each Unit is comprised of one (1) common share and one half (1/2) of a common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Following such transaction, Mr. Sadler is deemed to have post-conversion beneficially ownership of 5,000,000 common shares which would represents 16.29% of issued and outstanding common shares on a partially diluted basis. Assuming conversion of the Debenture and exercise of the 3,500,000 Warrants owned by Mr. Sadler (2,500,000 pursuant to this transaction and 1,000,000 from a prior transaction), Mr. Sadler would own 24.86% of the issued and outstanding common shares on a partially diluted basis.

The Debenture referred to above is held for investment purposes and Mr. Sadler and/or one or more of his affiliates may, depending on market and other conditions, increase or decrease his/its beneficial ownership of common shares or other securities of Semcan whether through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.