The TSX Venture Exchange Inc. has accepted for filing PCI-1 Capital Corp.'s qualifying transaction described in its filing statement dated Nov. 12, 2010. As a result, effective at the opening, Friday, Nov. 26, 2010, the trading symbol for the company will change from ICC.P to ICC and the company will no longer be considered a capital pool company. The qualifying transaction includes the following matters, all of which have been accepted by the exchange.

The TSX Venture Exchange has accepted for filing an amended and restated arrangement agreement dated July 15, 2010, between the company, a wholly owned subsidiary of the company and Curis Resources Ltd., a private B.C. incorporated company, whereby the company agreed to acquire all of the issued and outstanding shares of the target on a 1:1 basis, resulting in the issuance of 32,600,001 shares to target shareholders.

In addition, the company has agreed to assume the target's obligations pursuant to an asset purchase agreement dated Feb. 18, 2010, with Florence Copper Inc., pursuant to which the company has the option to acquire up to a 100-per-cent interest in the Florence copper project via the issuance of cash and shares.

For further information on the qualifying transaction, please read the company's filing statement available on SEDAR.

At the time the transaction was agreed to, the company was at arm's length to both the target and Florence.

The exchange has been advised that the above transactions, which did not require shareholder approval from the company's shareholders, have been completed.

Effective at the opening, Friday, Nov. 26, 2010, the common shares of PCI-1 Capital Corp. will resume trading on the TSX Venture Exchange.