Mr. reports

GRAND PEAK ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Subject to exchange approval and the right to increase the offering, Grand Peak Capital Corp. will conduct a non-brokered private placement of up to 50 million shares at a price of one cent per share to raise gross proceeds up to $500,000.

The proceeds of the financing will be used to improve the company's working capital position. The company may pay a finder's fee to qualified finders with respect to the financing. Securities issued resulting from the financing will be subject to a statutory hold period.

If any directors and officers of the company acquire shares pursuant to the financing, then such participation is a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 if neither the fair market value of any securities issued to, nor the consideration paid by, such persons will exceed 25 per cent of the company's market capitalization. Any securities issued to insiders of the company will also be subject to the Canadian Securities Exchange hold period. The private placement is subject to acceptance for filing by the CSE.

This press release contains certain scientific and technical information. The company is solely responsible for the contents and accuracy of any scientific and technical information related to it. The directors of Grand Peak have reviewed and approved the information contained in this press release.