Change from Federal to Provincial Company

CIC CAPITAL LTD.

("CIC" or the "Company")

Continuation from Federal Canadian Company to a Provincial Company

CIC (AIM: CICC), the consulting and advisory firm operating primarily in the mining and energy infrastructure sectors, is pleased to announce that following shareholder approval on the 15 October 2013 to change the Company from a Canadian Federal Company to a Provincial Company, with effect from 23 November 2013 the Company has now received a Certificate of Continuance from the British Columbia Register of Companies and from this date the Company is governed by the British Columbia Business Corporations Act.

CIC confirms it has made appropriate filings to Corporations Canada for a Certificate of Discontinuance to be issued.

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CIC Capital Ltd

The Company is a consulting and advisory company, operating primarily in the mining and energy infrastructure sectors. The Company seeks to provide consulting and advisory services to entities operating at various stages of resource development, and the exclusive right to control the public listing process of any client company if the client company is an unlisted company.

The core services provided by CIC Capital Ltd are: the Advisory Service which provides a range of technical, project management, strategic and commercial services; the Strategic Investment Service which helps companies source investment from industry partners for which the Company will typically receive an equity interest; and Advice on Listings where the Company helps the client realise value by listing on a Stock Exchange www.CICCapital.com