Abcana Closes Initial Public Offering

ABCANA CAPITAL INC..

910 – 1050 West Pender Street Vancouver, B.C. V6E 3S7

ABCANA CLOSES INITIAL PUBLIC OFFERING

November 9, 2011 TSX Venture Exchange Trading Symbol: ABQ.P

Abcana Capital Inc. (the “Company”), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the “TSX-V”), is pleased to announce that on November 9, 2011 it completed its initial public offering of 2,000,000 common shares (the “Shares”) issued at a price of $0.10 per Share resulting in gross proceeds to the Company of $200,000 pursuant to a prospectus dated October 21, 2011. A cash commission of 8% of the gross proceeds of the offering was paid to the Company’s agent, Macquarie Private Wealth Inc. (“Macquarie”), as well as a corporate finance fee of $11,500 plus HST. In addition, Macquarie received 200,000 non-transferable options to acquire up to 200,000 Shares at a price of $0.10 per Share for a period of 24 months, in consideration for its services as the Company’s agent. The Company will use the net proceeds from the offering for examination and possible participation in, or acquisition of, assets or businesses.

As a result of this issuance, the Company has 4,000,000 Shares issued and outstanding. The Company has received approval for the listing of its Shares on the TSX-V under the symbol “ABQ.P” and the Company’s common shares are expected to commence trading on the TSX-V on November 10, 2011.

On behalf of the Board of Directors

Shaun Maskerine Chief Executive Officer

Telephone: 604.689.0299

“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."