SERENO CAPITAL CORPORATION ANNOUNCES TERMINATION OF QUALIFYING TRANSACTION
WITH GREY CROWN RESOURCES LIMITED

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

TORONTO, Sept. 27 /CNW/ - SERENO CAPITAL CORPORATION (TSXV:SZZ.P) (the "Corporation" or "Sereno") announced today that the parties were not able to satisfy the closing conditions of the proposed qualifying transaction with Grey Crown Resources Limited and that the proposed qualifying transaction is formally terminated.

The Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The Exchange has neither approved nor disapproved the contents of this release. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

%SEDAR: 00025370E

For further information:

Andrew Patient, President, Chief Executive Officer,
Chief Financial Officer and Secretary
Sereno Capital Corporation
E-mail:[email protected]
Tel:  [phone]