SCE Scorpio Capital (Tier2)

SCORPIO CAPITAL CORP. (TSX VENTURE:SCE) ("Scorpio" or the "Corporation") is
pleased to announce that its previously announced name change will take effect
upon the opening of markets on Tuesday, August 28, 2007. At that time, the
Corporation's name will be changed to "PRIME CITY ONE CAPITAL CORP." and the
Corporation's common shares will begin trading under its new trading symbol,
"PMO".


About Scorpio

Scorpio is the 100% parent of BDE Equities Inc. BDE is the owner of Kingside
Mortgage Corporation, a mortgage brokerage business. BDE holds a 50% interest in
one property in Richmond Hill, Ontario (the "Richmond Hill Property") upon which
the Corporation is planning to build 141 condominium residential units. Scorpio
also holds an equity interest in Hot Spot Hospitality Corp.


Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain
information contained herein constitutes forward-looking statements.
Forward-looking statements are based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements. The
Corporation undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking statements.

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