TBC.P Sunora Foods, Inc.

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES


Thoroughbred Capital Inc. ("TBC" or the "Corporation") (TSX VENTURE:TBC.P), a
Capital Pool Company ("CPC"), is pleased to announce that it has entered into a
letter of intent dated December 23, 2011 pursuant to which it intends to acquire
Innovative Labs LLC. ("INO"), a private company based in Petaluma, California
(the "Proposed Transaction"). INO carries on the business of air purification
relating to the removal of volatile organic components, specifically
formaldehyde. 


In conjunction with the Proposed Transaction, TBC intends to (i) acquire all of
the issued and outstanding securities of INO by way of a securities exchange or
other transaction that will have the same effect, in exchange for approximately
27,000,000 common shares of TBC at a deemed price of approximately C$0.1333 per
share or C$3,600,000 in the aggregate; and (ii) complete a private placement of
not less than C$2,000,000 (the "Private Placement"). 


Completion of the Proposed Transaction is subject to a number of conditions,
including but not limited to, completion of satisfactory due diligence,
completion of the Private Placement; execution of a definitive agreement,
receipt of all applicable consents to and approvals of the Proposed Transaction
including approval of the TSX Venture Exchange ("TSXV"), approval of the
respective boards of the directors of TBC and INO and any applicable shareholder
approvals necessary to complete the Proposed Transaction. There can be no
assurance that the Proposed Transaction will be completed as proposed or at all.


The Proposed Transaction is expected to constitute TBC's Qualifying Transaction
as defined in Policy 2.4 of the TSXV Corporate Finance Manual and is subject to
compliance with all necessary regulatory approvals and certain other terms and
conditions. A comprehensive press release with further particulars relating to
the Proposed Transaction will follow in accordance with the policies of the
TSXV.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement of TBC to be prepared in connection with the
Proposed Transaction, any information released or received with respect to the
transaction may not be accurate or complete and should not be relied upon.
Trading in securities of a capital pool company should be considered highly
speculative.


The TSXV has in no way passed upon the merits of the Proposed Transaction and
has neither approved nor disapproved the contents of this press release.


Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements.


The Corporation assumes no obligation to update the forward-looking statements,
or to update the reasons why actual results could differ from those reflected in
the forward looking-statements unless and until required by securities laws
applicable to the Corporation. Additional information identifying risks and
uncertainties is contained in the Corporation's filings with the Canadian
securities regulators, which filings are available at www.sedar.com.


This is not an offer for sale, or solicitation of an offer to buy, in the United
States or to any U.S. Person (as defined in Regulation S under the U.S.
Securities Act of 1933, as amended) of any equity shares or any other securities
of the Corporation or INO.

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