Press Release - SC Stormont Holdings Inc.

OTTAWA, Jan. 18, 2012 /CNW/ - SC Stormont Holdings Inc. ("Stormont" or the "Company") which is located at 1000 Innovation Drive, Suite 400, Ottawa, Ontario K2K 3E7 announced that since it's last early warning report it has (i) acquired 6,725,000 common shares and 6,350,000 warrants pursuant to a private placement (ii) sold 4,335,000 common shares privately; (iii) exercised 5,333,334 warrants and (iv) been granted 2,684,408 options of Clearford Industries Inc. (TSXV: CLI) ("Clearford"). Stormont currently owns 12,223,334 common shares, 1,016,666 warrants and 2,684,408 options. Stormont currently owns approximately 19.025% of the issued and outstanding Clearford common shares. Upon the exercise of the warrants and options of Clearford owned by Stormont, Stormont will hold approximately 23.436% of the issued and outstanding Clearford common shares. Stormont is majority owned by Roderick M. Bryden.

Stormont is holding the Clearford common shares for investment purposes.

Depending on market and other conditions, Stormont may from time to time in the future increase or decrease its ownership, control or direction over Clearford common shares or other Clearford securities through market transactions, private agreements or otherwise.

A report regarding this transaction has been filed on SEDAR and may be viewed at www.sedar.com.

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SOURCE SC STORMONT INC.

For further information:

Please contact Sharilyn McNaughton at 613-287-3124

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SC STORMONT INC.

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