Abcana Capital Inc. (TSX-V: ABQ.H) Announces Proposed Private Placement Financing

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

Abcana Capital Inc. (TSX-V: ABQ.H) Announces Proposed Private Placement Financing

April 8, 2014. Abcana Capital Inc. (“Abcana”) (TSX-V: ABQ.H) is pleased to announce that its board of directors have approved a proposed private placement financing of up to 1,000,000 common shares at $0.10 per share for gross proceeds of $100,000 (the “Offering”).

Subject to TSX Venture Exchange approval, Abcana may pay finders a fee consisting of cash and warrants from the proceeds of the proposed Offering.

Proceeds of the Offering will be used for identifying business acquisitions as well as for general working capital and corporate purposes.

Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange.

On behalf of the Board of Directors, Robert Hall, Chief Executive Officer and President

For further information please contact:

Abcana Capital Inc.

910 – 1050 West Pender Street Vancouver, B.C. V6E 3S7 Robert Hall CEO and President T: (604) 999-5554

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Abcana cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Abcana’s control. Such factors include, among other things: risks and uncertainties relating to Abcana’s ability to complete the proposed private placement financing, implement its exploration program on the Hat Property, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Abcana undertakes no obligation to publicly update or revise forward-looking information.

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.