Mr. Mark Dickey reports

ASC CEASE TRADES POSEIDON CONCEPTS CORP.

The Alberta Securities Commission has issued a cease trade order against Calgary-based Poseidon Concepts Corp. The cease trade order was issued on the basis that Poseidon Concepts' first, second and third quarter interim financial reports for the periods ended March 31, 2012, June 30, 2012, and Sept. 30, 2012, were not prepared in accordance with Alberta securities laws.

The cease trade order prohibits all trading or purchasing in Poseidon Concepts securities until the cease trade order has been revoked or varied.

A copy of the cease trade order is available on the ASC website.