LeBoldus Capital Inc. announces conditional approval of Qualifying

CALGARY, Aug. 6 /CNW/ - LeBoldus Capital Inc. ("LeBoldus" or the "Corporation") (TSXV: LEB.P) is pleased to announce that the TSX Venture Exchange has conditionally approved LeBoldus' previously announced Qualifying Transaction subject to a number of closing conditions. The closing date of the Qualifying Transaction and concurrent financing is expected to be on or before August 17, 2010. LeBoldus' Filing Statement, which describes the Qualifying Transaction in detail, is available on SEDAR at www.sedar.com.

LeBoldus also announces that the Option Agreement with respect to the Corongo Property, which is the subject of the Qualifying Transaction, has been further amended effective August 5, 2010 to modify the payment schedule of the exploration expenditures requirements.

Trading of the common shares in the capital of LeBoldus was halted at the request of LeBoldus when it announced its proposed Qualifying Transaction on March 17, 2010, and will remain halted pending closing of the Qualifying Transaction and the Exchange's receipt of satisfactory documentation.

Details of the Qualifying Transaction and concurrent private placement can be found in earlier press releases of the Corporation dated March 17, 2010, June 1, 2010 and July 6, 2010.

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

Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to the 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 TSXV has in no way passed upon the merits of the Qualifying Transaction and has neither approved nor disapproved the contents of this press release.

Statements in this press release may contain forward-looking information, including expectations of the closing date of the Qualifying Transaction. The reader is cautioned that assumptions used in the preparation of such information, including the ability of LeBoldus to complete the Qualifying Transaction, may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. There is also a risk that the TSXV does not approve the Qualifying Transaction. The reader is cautioned not to place undue reliance on this forward-looking information.

%SEDAR: 00026745E


For further information: For further information: Evatt Merchant, President, Chief Executive Officer and Director, LeBoldus Capital Inc., Suite 400, 2710 - 17th Avenue S.E., Calgary, AB, T2A 0P6, Telephone: (403) 237-9777, Facsimile: (403) 237-9775, E-mail: emerchant@merchantlaw.com

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