Amalfi Capital Corporation Releases First Quarter Financial Statements

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US PERSONS

Amalfi Capital Corporation ("Amalfi" or "Corporation") (TSX VENTURE:ALI.P)
released today its unaudited interim financial statements for the three month
period ended March 31, 2009.


The net and comprehensive loss for the three months ended $19,092 (208 - $6,100).



SUMMARY OF QUARTERLY INCOME STATEMENT INFORMATION

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Income Statement                                    March 31,      March 31,
                                                        2009           2008
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Total Revenue                                              -              -
Net and comprehensive loss for period            $    19,052  $       6,100
Loss per share - basic and diluted               $     0.002  $       0.002
Weighted average shares outstanding - basic        9,000,000      2,600,000
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SUMMARY OF BALANCE SHEET INFORMATION

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Balance Sheet                                       March 31,   December 31,
                                                        2009           2008
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Cash and Cash Equivalents                        $   814,937  $     824,485
Total Assets                                     $   829,698  $     840,719
Total Liabilities                                $    19,051  $      11,020
Share capital                                    $   815,602  $     815,602
Total Shareholders' Equity                       $   810,647  $     829,699
Total Liabilities & Shareholders' Equity         $   829,698  $     840,719
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RESULTS OF OPERATIONS

The Corporation is classified as a "Capital Pool Company" for the purposes of
the policies of the TSX Venture Exchange. The Corporation completed its initial
public offering on April 29, 2008 at which time the Corporation was approved for
public trading and thereafter has traded under the symbol 'ALI.P'. As a Capital
Pool Company, the Corporation's current business is to identify and evaluate
businesses and assets with a view to completing a "Qualifying Transaction".


Except as described in the Corporation's Prospectus dated March 17, 2008, the
funds raised pursuant to the Corporation's initial Public Offering (the
"Offering") and any subsequent financing raised prior to the Qualifying
Transaction are intended to be utilized only for the identification and
evaluation of potential Qualifying Transactions and not for any deposit, loan or
direct investment in a potential acquisition.


As at March 31, 2009 the Corporation had no active operations. For the three
month period ended March 31, 2009 the Corporation had a net and comprehensive
loss of $19,052 (2008 - $6,100) relating to office and administration and
regulatory and filing expenses.


Further Information related to the Corporation, including the corporation's
March 31, 2009 unaudited interim financial statements and management discussion
and analysis for the three month period ended March 31, 2009, is filed on the
System for Electronic Document Analysis and Retrieval ("SEDAR") and can be
reviewed at www.sedar.com.


READER ADVISORY

This news release may contain certain forward-looking statements, including
management's assessment of future plans and operations, and capital expenditures
and the timing thereof, that involve substantial known and unknown risks and
uncertainties, certain of which are beyond the Corporation's control. Such risks
and uncertainties include, without limitation, risks associated, loss of
markets, volatility of commodity prices, currency fluctuations, delays resulting
from or inability to obtain required regulatory approvals and ability to access
sufficient capital from internal and external sources, the impact of general
economic conditions in Canada, the United States and overseas, industry
conditions, changes in laws and regulations and changes in how they are
interpreted and enforced, increased competition, the lack of availability of
qualified personnel or management, fluctuations in foreign exchange or interest
rates, stock market volatility and market valuations of companies with respect
to announced transactions and the final valuations thereof, and obtaining
required approvals of regulatory authorities. The Corporation's actual results,
performance or achievements could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no assurances can
be given that any of the events anticipated by the forward-looking statements
will transpire or occur, or if any of them do so, what benefits, including the
amount of proceeds, that the Corporation will derive therefrom. Readers are
cautioned that the foregoing list of factors is not exhaustive. All subsequent
forward-looking statements, whether written or oral, attributable to the
Corporation or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Corporation does not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, whether as a result
of new information, future events or otherwise, except as may be required by
applicable securities laws.
Amalfi Capital Corp. (TSXV:ALI.P)
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