Mr. Kirk Exner reports

AMEGO ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF SHARES

Amego Capital Corp. intends to raise up to $560,000 by way of a non-brokered private placement of up to two million common shares in the capital of the company at 28 cents per share.

Insiders of the company will participate in the offering. Any such participation will be considered a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The transaction is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of any securities issued to such insiders, nor the consideration that will be paid by such persons will exceed 25 per cent of the company's market capitalization.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX Venture Exchange.

Closing of the offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX-V.

Amego is a capital pool company, as defined under the policies of the TSX-V, and the net proceeds of the offering will be used to finance continuing activities relating to the identification and negotiation of a suitable qualifying transaction, as defined under the policies of the TSX-V.

About Amego Capital Corp.

Amego is publicly listed on the TSX-V under the symbol MEGO.P. Amego was formed as a capital pool company in accordance with policies of the TSX-V.

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