Tuckamore Provides Update Regarding Shareholder Rights Plan

TORONTO, ONTARIO--(Marketwired - April 11, 2014) - Tuckamore Capital (TSX:TX)(TSX:TX.DB.B) ("Tuckamore" or "Company") today announced that the Company's recently adopted shareholder rights plan (the "Rights Plan") has been conditionally accepted by the Toronto Stock Exchange (the "TSX") subject to ratification by the Company's shareholders within six months of the Rights Plan's effective date. The Company intends to submit the Rights Plan to shareholders for their consideration at Tuckamore's next annual meeting. If the Rights Plan is not confirmed by the Company's shareholders, it will terminate and be of no further force or effect.

A copy of the Rights Plan is available under the Company's profile on SEDAR at www.sedar.com.

About the Company

Tuckamore has investments in 7 businesses representing a diverse cross-section of the Canadian economy.

Cautionary Note Regarding Forward Looking Statements

Certain information included in this Press Release may constitute forward-looking information within the meaning of securities laws. Such forward-looking information reflects management's current beliefs and is based on information currently available to management of Tuckamore. The forward looking statement used in this Press Release relates to the ratification of the Rights Plan by shareholders. Investors are cautioned that forward-looking statement is based on the opinions, assumptions and estimates of management considered reasonable at the date the statement is made such as the assumption that shareholders will ratify the Rights Plan. Such assumption is inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statement, including the failure of shareholders to ratify the Rights Plan. Should this risk or uncertainty materialize, or should the assumption underlying the forward-looking statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify the risk, uncertainty and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.