CPR Allied Copper Corp

Canada Pacific Capital Corp. ("CPCC" or the "Company") (TSX VENTURE:CPR), a
capital pool company, today announces that at the annual and special
shareholders' meeting (the "Meeting") held on April 1, 2013, shareholders of the
Company passed a resolution to approve the application to list the Company's
common shares on the NEX board of the TSX Venture Exchange ("TSXV"). Pursuant to
TSXV Policy 2.4 - Capital Pool Companies, 50% of the seed shares purchased by
Non-Arm's Length Parties, as that term is defined under the TSXV Policies, at a
discount to the initial public offering price must be cancelled upon transfer of
a capital pool company from the TSXV to NEX. Accordingly, 1,050,000 common
shares of the Company held by Non-Arm's Length Parties have been cancelled.
These actions are a result of the Company's inability to complete a Qualifying
Transaction within the time period prescribed by the TSXV. 


Of the nominees for director put forth by management at the Meeting, Adam
Szweras, Mendel Ekstein and Catherine Lu were elected. Anil Singh and Chris
Hazelton, nominees put forth at the Meeting by shareholders were also elected.
Anil Singh has an Honours Bachelor degree in economics from the University of
Toronto and an MBA degree from the University of Newcastle. Mr. Singh brings
over seven years of experience in the financial services and merchant banking
sectors.  


On April 1, 2013, Catherine Lu resigned as director and chief executive officer
of the Company. Catherine Lu has been a Director and chief executive officer of
the Company since the Company's formation in May 2010. The board of directors on
behalf of the Company thanks her for her service and contribution. Michael Lam
has agreed to replace Ms. Lu on the board of directors and will continue to
serve as chief financial officer of the Company. The Company is pleased to
announce the appointment of Chris Hazelton as the chief executive officer of the
Company. Mr. Hazelton is a Certified General Accountant with significant
experience in a variety of industries. His career focus since 2007 has been in
development stage public companies listed in Canada and the US; managing
financial statement and MD&A compilation, developing systems of internal
controls and liaising with operational management and members of the board of
directors. Mr. Hazelton earned an Honors Bachelor of Commerce degree from
McMaster University in 1998 and obtained a CGA accreditation in 2007.


Further, effective April 8, 2013, Iain Kelso has been appointed as a director of
the Company. Mr. Kelso has over 10 years of experience in the mineral
exploration industry with extensive experience in mineral resource estimation,
NI 43-101 reporting, and management of exploration programs involving a variety
of commodities and projects in North and South America, Southern Africa, and
Central Asia. Mr. Kelso is a Qualified Person under the terms defined by NI
43-101.


The Company continues to seek out opportunities for a potential Qualifying
Transaction. 


Forward-Looking Statements

This press release contains "forward looking information", as such term is
defined in applicable Canadian securities legislation. There can be no assurance
that such information will prove to be accurate or that management's
expectations or estimates of future developments, circumstances or results will
materialize. Accordingly, readers should not place undue reliance on forward
looking information. The forward looking information in this press release is
made as of the date of this press release, and the Company disclaims any
intention or obligation to update or revise such information, except as required
by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canada Pacific Capital Corp.
Adam Szweras
Director
(416) 941-8827

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