Humber Capital Corporation announces filing of amended and restated unaudited financial statements for the quarter ended March 31, 2008 and the period ended June 30, 2008



    TORONTO, Sept. 17 /CNW/ - Humber Capital Corporation (TSX-V: RUM.P)
("Humber"), a capital pool company listed on the TSX Venture Exchange (the
"Exchange"), announced today it has voluntarily refiled on SEDAR amended and
restated unaudited financial statements for the quarter ended March 31, 2008
and the six month period ended June 30, 2008 (the "Amended and Restated
Financial Statements"), along with amended and restated management's
discussion and analysis ("MD&A") thereon.
    The Amended and Restated Financial Statements result from discussions
regarding these unaudited financial statements with the Corporation's
auditors, MSCM LLP, in the context of the auditors being asked to provide
comfort on the interim financials, wherein they advised of the need to
reclassify the Shareholders' Equity section of Humber's balance sheets in each
of the two periods. For the quarter ended March 31, 2008, $500,000 has been
reclassified from "capital stock" to "share subscriptions received in advance"
to properly reflect the timing of the issuance of the seed shares of Humber.
For the six months ended June 30, 2008, $99,164 has been reclassified from
"capital stock" to "contributed surplus" to allow for the valuation of options
given by Humber in connection with its initial public offering, which closed
on April 15, 2008. There has been no change to Net Income as a result of the
amendment and restatements.
    Humber's Amended and Restated Financial Statements and MD&A have been
filed on SEDAR and copies can be obtained from the SEDAR website at
www.sedar.com.

    About Humber

    Humber was incorporated under the Canada Business Corporations Act on
December 14, 2007 and completed its initial public offering of common shares
on April 15, 2008. As a capital pool company, Humber's current business is
restricted to the identification and evaluation of assets or businesses with a
view to completing its qualifying transaction (the "Qualifying Transaction")
under Exchange Policy 2.4 Capital Pool Companies. On August 26, 2008, Humber
announced that it had entered into a definitive share purchase agreement
pursuant to which it will acquire all of the issued and outstanding shares of
Anderson's Liquor, Inc., an independent retailer of 18 liquor stores in
Alberta, Canada, that management believes will satisfy the applicable Exchange
requirements to constitute Humber's Qualifying Transaction.

    This news release may contain "forward-looking statements" within the
meaning of applicable securities laws, including statements regarding the
proposed Qualifying Transaction and associated transactions. Readers are
cautioned not to place undue reliance on forward-looking statements. Actual
results and developments may differ materially from those contemplated by
these statements depending on, among other things, the risks that the parties
will not proceed with the proposed Qualifying Transaction and associated
transactions, that the ultimate terms of the proposed Qualifying Transaction
and associated transactions will differ from those that currently are
contemplated, and that the proposed Qualifying Transaction and associated
transactions will not be successfully completed for any reason (including the
failure to obtain the required approvals or clearances from regulatory
authorities). The statements in this news release are made as of the date of
this release. The factors identified above are not intended to represent a
complete list of the factors that could affect Humber. Additional factors are
noted under "Risk Factors" in Humber's initial public offering prospectus
dated March 7, 2008, a copy of which may be obtained on the SEDAR website at
www.sedar.com.
    Investors are cautioned that, except as disclosed in the filing statement
to be prepared in connection with the proposed Qualifying Transaction, any
information released or received with respect to the proposed Qualifying
Transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered
highly speculative.

    
    The TSX Venture Exchange has in no way passed upon the merits of the
    Proposed Transaction and has neither approved nor disapproved the
    contents of this press release. The TSX Venture Exchange does not accept
    responsibility for the adequacy or accuracy of this press release.
    

    %SEDAR: 00026544E




For further information:

For further information: Frank Coleman, Chairman, (709) 637-6671

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HUMBER CAPITAL CORPORATION

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