Terminates Proposed Qualifying Transaction and Seeks Reinstatement of Trading of Its Shares

BENZAI CAPITAL CORP.

700 – 625 Howe Street Vancouver, British Columbia V6C 2T6

NEWS RELEASE For Immediate Release

BENZAI CAPITAL CORP.

TERMINATES PROPOSED QUALIFYING TRANSACTION AND SEEKS REINSTATEMENT OF TRADING OF ITS SHARES

August 10, 2011: Benzai Capital Corp. (TSX-V –BNZ.P) (the “Company” or “Benzai”) announces that its previously announced acquisition of Avalon Aircraft Corp. (announced January 2008) has been terminated by the Company.

The Company is investigating alternative business opportunities as its qualifying transaction, and is focusing on the mineral exploration sector. Nothing definitive has been negotiated at this time.

The Company will be making application to the TSX Venture Exchange for the resumption of trading of the Company’s shares.

Benzai is a CPC company listed on the NEX Board of the TSX Venture Exchange. It currently has 4,500,000 shares outstanding; of which 500,000 are held in escrow.

ON BEHALF OF THE BOARD

“Wing Wong”

CEO and Director

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.