Mr. Guy Duport reports

WAI CAPITAL INVESTMENTS CORP. PROVIDES CORPORATE UPDATE

Wai Capital Investments Corp. is actively pursuing a new exploration-stage project in Central America to add to the company's existing portfolio. Discussions are at an advanced stage, and the company will provide further updates as soon as information is available.

Renewal of the Forecariah permits

The company has received approval from local authorities in Guinea to renew the company's existing Forecariah permits for an additional 24 months. This renewal represents the second extension of the permits, following the expiration of the first renewal period on Nov. 8, 2014. The terms of the extension require that the company relinquish 50 per cent of the surface area of the permits, and therefore the total surface area covered by the renewed permits is expected to be 525 square kilometres. The renewal also imposes increased exploration expenditure commitments, which the company views as unreasonable in the circumstances. As a result, the company's local team in Guinea has been required to seek revisions of this expectation from the Guinean government. The company is not in a position to provide a reliable time frame for this revision, and will provide further updates as the situation evolves.

Notice of default

The company also announces that it has received a notice of default from China International Fund Ltd. (CIF) under the terms of certain convertible debentures issued to CIF. The notice suggests that the company has triggered an event of default under the convertible debentures, and the maturity of the debt has been accelerated. CIF has requested payment in full of the principal and all accrued interest by July 31, 2015.

The company is of the opinion that an event of default has not occurred, and a request has been made to CIF to provide the grounds upon which a default has occurred. To date, no response has been received from CIF and, without a satisfactory explanation, the company considers the convertible debentures to be in good standing. For further information regarding the convertible debentures, and the company's continuing relationship with CIF, readers are advised to review the company's news releases of Sept. 4, 2012, and May 1, 2014.

Update on finances

The company is currently evaluating all of its options to raise additional capital, including the sale of assets through the normal course of business. The company also continues to work with CIF to reach an agreement for the advance of additional funds to the company under the terms of the credit facility in place with CIF.

Continued uncertainty surrounding the renewal of the company's Forecariah permits, and a lack of direction from CIF, do not allow the company to close for the time being, the remaining third tranche of its five-cent private placement announced on Feb. 26, 2015, for proceeds of $900,000. The funds for this tranche remain in escrow, pending written confirmation from the government of Guinea that a renewal of the Forecariah permits has been granted, based on an acceptable exploration budget, or when the company acquires an additional resource project. Proceeds from the private placement will be used for general working capital, and for the evaluation and acquisition of additional resource projects.

We seek Safe Harbor.