Mr. Sandy Loutitt reports

BUILDERS CAPITAL MORTGAGE CORP. ANNOUNCES RECEIPT OF DISCONTINUANCE OF ACTION

Builders Capital Mortgage Corp. has received a discontinuance of action from plaintiff's counsel in regard to the previously announced statement of claim filed by Jeremy Cowie in the Court of King's Bench of Alberta.

The matter was discontinued on a "without costs" basis, and the company confirms that there has been no impact on its day-to-day operations or its general outlook.

About Builders Capital Mortgage Corp.

Builders Capital is a mortgage lender providing short-term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. The company commenced active operations on Dec. 12, 2013, on the closing of its initial public offering, whereupon it acquired a portfolio of mortgages from two predecessor companies.

Builders Capital's investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for mortgage investment corporations (MICs) as defined in the Income Tax Act.