Target Capital Inc. Announces Bond Closing

CALGARY, Dec. 31 /CNW/ - Target Capital Inc. (TSX-V: TCI) is proud to announce that it closed a private placement of bonds totaling $689,000 on December 16, 2010. Combined with two other closings completed during the year, the total funds raised under the offering was $2,984,000 out of a maximum authorized amount of $3,000,000.

Target Capital is also pleased to announce that it has reached an agreement with First Calgary Financial, providing access to a $1,000,000 line of credit. This will replace the current arrangement with ATB Financial.

Neither 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 release.

SOURCE Target Capital Inc.

For further information: For further information:

contact Ryan Hoult, CFO, at (403) 261-7500 e-mail

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