The Company’s shares will remain suspended on the transfer to NEX in connection

ABCANA CAPITAL INC.

910-1050 West Pender Street Vancouver, B.C. V6E 3S7

ABCANA TRANSFERS TO NEX

February 7, 2014 TSX Venture Exchange Trading Symbol: ABQ.P

Abcana Capital Inc. (the “Company”), announces that the TSX Venture Exchange (the “Exchange”)_has accepted the Company’s transfer to NEX application and that the Exchange has advised that a bulletin will be issued soon after this news release is disseminated. In connection with the transfer, the Company’s trading symbol will change from ABQ.P to ABQ.H and the Company has cancelled ½ of the 2,000,000 seed shares issued at $0.05 per share as held by the Company’s directors, as more particularly outlined in the Company’s information circular dated May 26, 2013.

The Company’s shares will remain suspended on the transfer to NEX in connection with the Company’s proposed qualifying transaction with IRG Exploration & Mining Inc. and IRG Capital Corp. as announced on July 12, 2013. The Company will provide an update on the progress of this transaction as soon as it is able.

On behalf of the Board of Directors

Shaun Maskerine President and Chief Executive Officer

Telephone: 604.689.0299

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.