BTU Capital Corp. Not Proceeding with Qualifying Transaction

Suite 125A - 1030 Denman Street Vancouver, British Columbia V6G 2M6 Tel: 604-818-2617 Fax: 604 648-9013

BTU CAPITAL CORP. NOT PROCEEDING WITH QUALIFYING TRANSACTION

Vancouver, British Columbia - (July 3, 2012): BTU Capital Corp. (the "Company") (NEX: BTU.H) announces that it has determined to not proceed with the proposed qualifying transaction with Snowcap Energy Inc., concurrent private placement and consolidation of the Company’s common shares as initially announced on June 28, 2011.

The Company will continue to actively identify and evaluate alternative opportunities for the purpose of completing its qualifying transaction.

For further information, please contact:

BTU Capital Corp.

Walter Brenner, President and Chief Executive Officer Suite 125A - 1030 Denman Street Vancouver, BC V6G 2M6 Telephone: 604 818-2617 Fax: 604 648-9013

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.

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