Kensington Court Ventures Inc. Announces Effective Date of Share Consolidation and Name Change

Suite 654, 999 Canada Place Vancouver, British Columbia V6C 3E1

KENSINGTON COURT VENTURES INC. ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION AND NAME CHANGE

Vancouver, British Columbia, March 7, 2014 - Kensington Court Ventures Inc. (TSXV: KCT)(“Kensington” or the “Company”) is pleased to announce the implementation of its previously approved consolidation of the common shares of the Company (the “Common Shares”) on the basis of one new Common Share for each five existing Common Shares (the “Consolidation”), and a name change to “Para Resources Inc.” (the “Name Change”). The Consolidation was approved by a resolution of the Company’s Board of Directors, and by the shareholders of the Company at the annual general and special meeting of shareholders of the Company held on November 25, 2013.

Effective at market opening on March 10, 2014, the post-Consolidation Common Shares of the Company listed on the TSX Venture Exchange will commence trading under the new name “Para Resources Inc.” and the new symbol “PBR”.

As a result of the Consolidation, the Company will have 5,611,600 Common Shares issued and outstanding. Both the Consolidation and the Name Change have been approved by the TSX Venture Exchange.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

“C. Geoffrey Hampson”

Chief Executive Officer

For further information, please contact Andrea Laird

Telephone: 604-648-3913, Fax: 604-683-9387