UPDATE ON NON-BROKERED FINANCING

Pacific Orent Capital Inc.

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UPDATE ON NON-BROKERED FINANCING

posted on Jul 10, 2011 02:01PM

PACIFIC ORIENT PROVIDES UPDATE ON NON-BROKERED FINANCING

Pacific Orient Capital Inc AAQ.P

7/8/2011 10:07:00 AM

TORONTO, Jul 8, 2011, 2011 (Canada NewsWire via COMTEX News Network)

Pacific Orient Capital Inc. ("Pacific Orient") (TSXV:AAQ.P) announces that its management has decided that as the company works towards identifying a potential "qualifying transaction" it would be in the best interests of Pacific Orient not to proceed with its non-brokered private placement (previously announced on April 21, 2011 and June 6, 2011) at this time.

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