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AUME.V ·

Black Springs Capital Corp. Terminates Letter of Intent with Coldwater Fisheries Inc.

Mergers & Acquisitions

Suite 1328-885 West Georgia Street, Vancouver, BC Canada V6C 3E8 News Release TSXV: BSG.H

BLACK SPRINGS CAPITAL CORP. TERMINATES LETTER OF INTENT WITH COLDWATER FISHERIES INC.

Vancouver, British Columbia (August 23rd, 2016): Black Springs Capital Corp. (“Black Springs”) announces the termination of the Letter of Intent with Coldwater Fisheries Inc. (“Coldwater”) dated April 11, 2016. The contemplated transaction was expected to qualify as BSG’s Qualifying Transaction as per Policy 2.4 of the TSX Venture Exchange. Black Springs has begun evaluating new assets and is preparing the necessary filings to resume trading.

Forward looking Statement

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Corporation’s control which may cause actual results, performance or achievements of the Corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

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.

For further Information, please Contact:

Hani Zabaneh, President at:

Suite 1328-885 West Georgia Street, Vancouver, BC Canada V6C 3E8 Tel: 604-288-8968