BTU Capital Corp Announces Financing in connection with previously announced Qualifying Transaction

Vancouver, British Columbia, Canada (Marketwire – March 8, 2011) - BTU Capital Corp. (TSX VENTURE EXCHANGE: BTU.P)

BTU Capital Corp. ("BTU" or "the Company") is pleased to announce it has arranged a nonbrokered private placement of up to 25 million shares at $0.06 for aggregate proceeds of up to $1,500,000.

On March 8, 2011, the Company announced it had entered into a non-binding Letter of Intent pursuant to which the Company will acquire all of Irtysh Petroleum Ltd.’s ("IPC") business and assets or all of IPC's issued and outstanding securities (the "IPC Acquisition"). IPC is a United Kingdom-based corporation holding oil and gas interests in Siberia, Russia. The IPC Acquisition, if completed, will constitute the Company's "Qualifying Transaction" under TSX Venture Exchange (the "TSX-V" or the “Exchange”) Policy 2.4.

In order to finance the IPC Acquisitions, the recommended work programs, costs associated with the Qualifying Transaction and for general working capital of the resulting issuer, the Company intends to complete several stages of financing transactions the Company intends to raise further funds concurrent with completion of the acquisition (see previous press release of March 8, 2011).

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.

The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Completion of the IPC Acquisition is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required Exchange and shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Forward Looking Statement

Statements contained in this news release that are not historical facts constitute "forward- looking statements" or "forward-looking information" within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date of this release. Forward-looking statements include, without limitation, possible events, statements with respect to possible events, the future price of gold and silver, the realization of mineral resource estimates and success of exploration activities. The words "is expected" or "estimates" or variations of such words and phrases or statements that certain actions, events or results "may" or "could" occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. All of the forward-looking statements made in this release are qualified by these cautionary statements and those made in our other filings with the securities regulators in Canada. These factors are not intended to represent a complete list of the factors that could affect the Company. Although the Company believes that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.

For more information, please contact

BTU Capital Corp.

Suite 125A - 1030 Denman Street Vancouver, BC V6G 2M6 Telephone: 604 818-2617 Fax: 604 648-9013