Mr. John Anderson reports

PARENT CAPITAL ANNOUNCES INCREASE TO PRIVATE PLACEMENT

Parent Capital Corp. has increased its previously announced private placement offering from $400,000 to $660,000. Pursuant to the offering as upsized, the company is offering up to 11 million units of the company at a price of six cents per unit. Each unit will consist of a common share of the company and a warrant exercisable to acquire an additional common share at a price of nine cents per share for a period of two years.

Net proceeds of the offering will be used for general corporate purposes. The company may pay finder fees on all or part of the offering. Closing of the offering is subject to the approval of the TSX Venture Exchange.

All securities issued pursuant to the offering will be subject to a four-month hold period under Canadian securities laws and the policies of the TSX Venture Exchange, as applicable.