Mr. Michael Thomson reports

RODEO CAPITAL III CORP. (TO BE RENAMED SOLEGEAR BIOPLASTIC TECHNOLOGIES INC.) ANNOUNCES FILING OF AMENDED AND RESTATED FILING STATEMENT AND CONDITIONAL APPROVAL OF THE TSX VENTURE EXCHANGE

Rodeo Capital III Corp. has provided the following update regarding its proposed qualifying transaction involving Solegear Bioplastics Inc., a corporation existing under the laws of British Columbia. Rodeo has previously filed press releases dated Oct. 23, 2014, Nov. 24, 2014, Dec. 5, 2014, Jan. 30, 2015, Feb. 11, 2015, and Feb. 25, 2015, regarding the qualifying transaction.

Amended and restated filing statement

Rodeo has filed on SEDAR an amended and restated filing statement dated March 3, 2015, relating to the qualifying transaction. Investors are encouraged to review the filing statement on Rodeo's SEDAR profile, which provides detailed information about, among other things, the qualifying transaction, Solegear and the resulting issuer.

TSX Venture Exchange acceptance and anticipated closing date

Rodeo and Solegear have received conditional acceptance for the qualifying transaction and the financing from the TSX-V in accordance with the revised terms disclosed in the filing statement. Rodeo and Solegear will be issuing a subsequent news release announcing the closing date of the qualifying transaction and the financing, which is expected to occur in mid-March, 2014.

About Solegear

Solegear, based in Vancouver, B.C., is an innovator in the field of next-generation plastics. The company is an advanced materials firm that engineers, produces and distributes high-performance bioplastics (bioplastics are a category of plastics that are bio based, compostable or both). Founded in 2006, Solegear has developed, and is commercializing, proprietary bioplastics technologies that utilize annually renewable plant-based ingredients formulated using green chemistry, to address the market opportunity in rigid packaging and engineered plastics applications.

Trading halt

Trading in the Rodeo shares was voluntarily halted on Oct. 22, 2014, and will remain halted until the documentation required by the TSX-V in connection with the transaction has been reviewed and accepted by the TSX-V. Subject to compliance with the policies of the TSX-V, Rodeo may also request that trading in the Rodeo shares remain halted pending the closing or abandonment of the transaction.

We seek Safe Harbor.