JYW Capital Corp. - Update on proposed qualifying transaction

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

Filing on SEDAR of the Filing Statement in respect of the agreement to acquire all of the shares of Hong Kong incorporated Golden Hill International Holdings Limited (the "Target"), a Chinese-based energy company

VANCOUVER, March 1 /CNW/ - JYW Capital Corp. ("JYW") (JYW.P/TSX-V) announces, further to its February 19, 2010 News Release, that it has filed on SEDAR its Filing Statement in respect of its proposed Qualifying Transaction (the "QT"), as originally announced on June 25, 2009, and as updated on each of August 25, 2009 and February 19, 2010.

Final acceptance of the QT and the listing of JYW as the "Resulting Issuer" will be conditional upon satisfaction of several conditions, including the closing of a $5 million CAD private placement and final acceptance by the TSX Venture Exchange. It is estimated that these conditions will be satisfied by mid-April 2010. A further news release providing further detail and specifying the actual dates of closing and listing of JYW as the Resulting Issuer will be disseminated in due course. At listing it is expected the Resulting Issuer will be classified a Tier 2 oil and gas issuer. After said listing JYW intends to change its name to "China Coal Corporation".

Trading Halted

JYW is a CPC originally listed on the TSX Venture Exchange, and currently listed on NEX. Following the Completion of the QT, JYW expects to have its existence as the Resulting Issuer transferred from NEX to the TSX Venture Exchange as a Tier 2 Oil and Gas Issuer.

Completion of the Qualifying Transaction is subject to a number of conditions, including, but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the 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 Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

On behalf of the Board of Directors

JYW CAPITAL CORP.

"Joanne Yan"

President, Chief Executive Officer,

Chief Financial Officer and Director

This News Release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. JYW's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

WARNING: This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

SOURCE JYW CAPITAL CORP.

For further information: For further information: please visit the website at www.sedar.com to view JYW's profile; To contact Golden Hill International Holdings Limited: Raymond Fong, CEO, (403) 554-2288

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JYW CAPITAL CORP.

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