JM Capital II Corp. Announces Termination of Qualifying Transaction

Toronto, Ontario (FSCwire) - JM Capital II Corp. ("JM Capital" or the "Company") (TSX-V: JCI.H) announces the termination of its previously announced proposed qualifying transaction with SociaLabra Inc.

The Company will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction and will make further announcements with respect to these efforts as soon as practically possible.  JM Capital cannot offer any assurances that a qualifying transaction will be completed.

The Company is a capital pool company listed on the NEX board of the TSX Venture Exchange (“TSX-V”). JM Capital was established pursuant to the CPC Policy which permits an initial public offering and a TSX-V listing by a newly created company that has no assets, other than cash, and has not commenced commercial operations. The principal business of the Company has been the identification and evaluation of assets with a view to completing a qualifying transaction.

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ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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