#3507 – 1033 Marinaside Crescent

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

ESCUDO CAPITAL CORPORATION

#3507 – 1033 Marinaside Crescent Vancouver, British Columbia V6Z 3A3

FOR IMMEDIATE RELEASE TSX-V: EDO.P

ESCUDO CAPITAL CORPORATION CLOSES INITIAL PUBLIC OFFERING

Vancouver, British Columbia – May 31, 2011 – Escudo Capital Corporation (the “Company”) announces that it closed its initial public offering on May 30, 2011. The offering consisted of 1,500,000 common shares at a price of $0.20 per share for gross proceeds of $300,000. Canaccord Genuity Corp. (“Canaccord”) acted as agent for the offering and received a cash commission of 10% of the gross proceeds of the offering, an administration fee and reimbursement for its expenses in connection with the offering. In addition, the Company has granted Canaccord and its sub-agents options to acquire up to 150,000 common shares of the Company at an exercise price of $0.20 per common share, exercisable until May 30, 2013.

Directors of the Company participated in the offering, having purchased an aggregate of 15,000 common shares, constituting related party transactions pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company relied on Section 5.5(a) of MI 61-101 for exemptions from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for exemptions from the minority shareholder approval requirement of MI 61-101 as the fair market value of the transactions did not exceed 25% of the Company’s market capitalization.

The Company is a capital pool company pursuant to the policies of the TSX Venture Exchange (the “Exchange”). The Exchange has approved listing of the Company’s common shares and has advised that trading will commence on Wednesday, June 1, 2011 under the symbol “EDO.P”.

Pursuant to section 11.2 of National Instrument 51-102, the Company hereby gives notice that it has become a venture issuer.

For additional information, please contact:

John Boddie, Chief Executive Officer, Secretary and Director Telephone: (604) 893-8784

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 news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED

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HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.