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Black Sparrow Capital Corp. Announces Termination of Proposed Qualifying Transaction

CALGARY, ALBERTA -- (Marketwired) -- 05/01/14 -- Black Sparrow Capital Corp. ("Black Sparrow" or the "Corporation") (TSX VENTURE: BLC.P) announces the termination of its proposed qualifying transaction involving the Little River project.

Black Sparrow will continue to pursue and evaluate other businesses and assets sufficient to meet the listing requirements of the TSX Venture Exchange. Black Sparrow has applied for trading re-instatement with the NEX.

Cautionary Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the re-instatement of trading and the identification, negotiation and completion of a transaction sufficient to meet listing requirements of the TSX Venture Exchange. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: conditions imposed by the NEX and/or TSX Venture Exchange; changes in tax laws, general economic and business conditions; and changes in the regulatory regulation. The Corporation cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor it 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.

Contacts:
Black Sparrow Capital Corp.
MICHAEL GALLORO
President, Chief Executive Officer,
Chief Financial Officer and Director
(416) 907.5644 ext. 105

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