Leader Capital Corp. - Late filing of annual financial statements - Update



    Listing: TSX Venture Exchange, symbol "LDR"
    Issued & Outstanding Common Shares: 14,547,297

    TORONTO, Aug. 12 /CNW/ - LEADER CAPITAL CORP. announces that its annual
financial statements for year-ended March 31, 2008 continue to be late due to
the fact that it is still awaiting the finalized version of the oil and gas
reserves report for its subsidiary, Leader Energy Corp. The filing of the
financial statements was due two weeks ago, on July 29, 08.
    The Company anticipates that it will be receiving the report within the
next few days and will be filing the statements within 7 days of receipt of
the report.
    The Company is under a voluntary Management Cease Trade Order for the
period of the delay.
    There are no other changes in the status of the Company.

    LEADER CAPITAL CORP.
    (Signed)
    Magaly Bianchini, President

    
    THE TSX VENTURE EXCHANGE OR ANY SECURITIES REGULATORY AUTHORITY HAS NOT
    REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY
    OF THIS PRESS RELEASE THAT HAS BEEN PREPARED BY MANAGEMENT.
    





For further information:

For further information: Magaly Bianchini at: Tel. (416) 304-1913

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LEADER CAPITAL CORP.

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