WKN.P Whiteknight Acquisitions II

Whiteknight Acquisitions II Inc. ("Whiteknight") (TSX VENTURE:WKN.P), a Capital
Pool Company, wishes to announce that it has terminated its previously announced
letter of intent with Astrix Networks Inc. dated June 11, 2012 to complete a
business combination intended to constitute the Qualifying Transaction of
Whiteknight, as such term is defined in Policy 2.4 of the Corporate Finance
Manual of the TSX Venture Exchange. The transaction has been terminated with no
further obligation on either party, and no funds were advanced by Whiteknight to
the target.


Whiteknight will continue to aggressively identify and evaluate opportunities
for the purpose of completing its Qualifying Transaction. Trading of
Whiteknight's common shares is expected to resume trading on the TSX Venture
Exchange shortly.

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