Mr. John Anderson reports

PARENT CAPITAL TO COMPLETE UPSIZED PRIVATE PLACEMENT FOR PROCEEDS OF $795,000

Parent Capital Corp. has received subscriptions for its previously announced private placement offering for a total upsized offering of $795,000. Pursuant to the offering as upsized, the company is offering up to 13.25 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 finders' fees on all or a 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.