88 Capital Corp. Receives Conditional Approval for Qualifying Transaction

602 – 595 Howe Street Vancouver, BC V6C 3T5 Tel: (604) 629-7083 Fax: (604) 629-7084

NEWS RELEASE

TSXV: EEC.P For Immediate Release

88 CAPITAL CORP. RECEIVES CONDITIONAL APPROVAL FOR QUALIFYING TRANSACTION

Vancouver, British Columbia – February 22, 2012. 88 Capital Corp. (the "Company") is pleased to announce that it has received TSX Venture Exchange (the "Exchange") conditional approval for its qualifying transaction (the "Qualifying Transaction"), the details of which were previously announced on November 22, 2011.

The Company has an option to acquire a 60% interest in the Dot-Apex Project in Southwestern British Columbia pursuant to its Option Agreement dated November 18, 2011 with Electra Gold Ltd. For a summary of the Option Agreement and a description of the Dot-Apex Property, please see the Company's press release dated November 22, 2011, as well as the Technical Report identified below.

Upon completion of the Qualifying Transaction, the Company will be classified as a mineral exploration company and is expected to have approximately 14,000,000 common shares issued and outstanding, of which 2,000,000 common shares will be held and released pursuant to the Company's original CPC Escrow Agreement.

For further information, see the Company's Filing Statement dated February 14, 2012, which is available on SEDAR. The Company has also filed a Technical Report on the Dot-Apex Property, entitled "Technical Report on the Dot-Apex Property, New Westminster & Kamloops Mining Division, Boston Bar, British Columbia", which is also available on SEDAR. The Company expects to close the Qualifying Transaction based on the Exchange's conditional approval on or before April 22, 2012.

For further information please contact Robert Coltura, Director of the Company, at (604) 629-7083.

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.

Statements included in this news release, including statements concerning the Company's plans, intentions and expectations, and which otherwise are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements" for purposes of safe harbour. Forward-looking statements may be identified by words including "plans", "intends", "will", "expects", "estimates", "anticipates", "believes", and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the structure and closing of the Qualifying Transaction and the company's future operations and business prospects, are based on assumptions, none of which can be assured, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Readers should not place undue reliance on forward-looking statements.

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