Turquoise Capital Corp. Increases Private Placement Financing

September 8, 2016 - Vancouver, British Columbia. TURQUOISE CAPITAL CORP. (“Turquoise”) (NEX: TQC.H), a capital pool company, announces that it has closed its previously announced private placement financing by issuing 2,477,777 common shares at $0.0675 per share for gross proceeds of $167,250 (the “Offering”).

The securities issued under the Offering will be subject to a hold period expiring on January 9, 2017.

Insiders of Turquoise subscribed for a total of 644,442 shares for total proceeds of $43,500.

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

About Turquoise

Turquoise was incorporated November 14, 2012 under the Business Corporations Act (British Columbia). Turquoise is a CPC as defined by the CPC Policy. On June 28, 2013, Turquoise completed its initial public offering and its common shares were listed for trading on the Exchange on July 3, 2013. As disclosed in its final prospectus dated April 15, 2013, Turquoise’s business has been restricted to the identification and evaluation of businesses or assets for the purpose of completing its Qualifying Transaction.

For further information please contact:

Turquoise Capital Corp.

Devon Brown, CFO (250) 514-9714

Information set forth in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Turquoise 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 Turquoise’s control. Such factors include, among other things: risks and uncertainties relating to Turquoise’s ability to complete a Qualifying Transaction; and other risks and uncertainties, including those described in Turquoise’s Final Prospectus dated April 15, 2013 filed with the Canadian Securities Administrators and available on www.sedar.com. 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, Turquoise undertakes no obligation to publicly update or revise forward-looking information.

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