2009 News

Vancouver, British Columbia – August 24, 2009 – Further to its news release dated February 18, 2009, Georgetown Capital Corp. (“Georgetown”) announces that it has terminated the letter of intent (the “LOI”) dated as of February 12, 2009 to acquire the outstanding securities of Upper Canada Explorations Limited, as the transaction did not complete within the time frame required by the LOI. Georgetown will continue to pursue other opportunities with a view to completing its Qualifying Transaction pursuant to the policies of the TSX Venture Exchange. Trading of Georgetown’s shares on the TSX Venture Exchange will resume on Tuesday, August 25, 2009.

For additional information, please contact:

Hani Zabaneh, Chief Executive Officer
Telephone: (604) 628-5620

Neither the 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 news release.

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