Bitumen Capital Closes Private Placement

MONTREAL, April 11 , 2016, - Bitumen Capital Inc. [TSX-V:BTM.H] (the "Company") announces today that it has closed a non-brokered private placement of $60,000 of the Company’s common shares at $0.075 per share for a total issuance of 800,000 common shares. The Company will use the proceeds towards the completion of its previously announced asset purchase agreement as the Company’s qualifying transaction (see the Company’s press release of October 19, 2015).

Update on Qualifying transaction

The Company is working to complete the requisite documentation to satisfy the various requirements for the purchase of assets of Epcylon Technologies Inc.. The transaction stipulates that the Company’s team must raise a total of $1 Million USD net of fees in a non brokered transaction. To date, approximately $375,000 USD has been raised.

The number of shares in the Company will increase to 13,950,001 as a result of the private placement and the effective exchange ratio will decrease to 50.18% from the previously announced 53.8%.

The private placement is subject to TSX Venture Exchange final approval.

This  news  release  contains  statements  about  the  Corporation's  expectations  regarding  the   completion  of  the  Private  Placement  that  are  forward-­‐looking  in  nature  and,  as  a  result,  are   subject  to  certain  risks  and  uncertainties.  Although  the  Corporation  believes  that  the   expectations  reflected  in  these  forward-­‐looking  statements  are  reasonable,  undue  reliance   should  not  be  placed  on  them  as  actual  results  may  differ  materially  from  the  forward-­‐looking   statements.  The  forward  looking  statements  contained  in  this  news  release  are  made  as  of  the   date  hereof,  and  the  Corporation  undertakes  no  obligation  to  update  publicly  or  revise  any   forward-­‐looking  statements  or  information,  except  as  required  by  law.

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.  This  news  release  does  not  constitute  and  the  subject  matter  hereof  is  not,  an  offer   for  sale  or  a  solicitation  of  an  offer  to  buy,  in  the  United  States  or  to  any  "U.S  Person"  (as  such   term  is  defined  in  Regulation  S  under  the  U.S.  Securities  Act  of  1933,  as  amended  (the  "1933   Act"))  of  any  equity  or  other  securities  of  Bitumen  Capital  Inc.  The  securities  of  Bitumen  Capital   Inc..  have  not  been  registered  under  the  1933  Act  and  may  not  be  offered  or  sold  in  the  United   States  (or  to  a  U.S.  Person)  absent  registration  under  the  1933  Act  or  an  applicable  exemption   from  the  registration  requirements  of  the  1933  Act.

For further information:

Mr. Richard Groome, President and Chief Executive Officer, Bitumen Capital Inc. (514) 402-4405