Leezamax Capital Corp. Announces Extension of Time to Complete Qualifying Transaction

Leezamax Capital Corp. of Surrey B.C. (TSX VENTURE:LZX.P) ("Leezamax" or the
"Corporation") is pleased to announce that the TSX Venture Exchange (the
"Exchange") has granted an extension of time to complete its Qualifying
Transaction to March 31, 2010. This extension was granted pursuant to an
application by the Corporation under the Exchange bulletin entitled End of
Temporary Relief Measures Period dated September 11, 2009.


As disclosed in a news release dated November 5, 2009, Leezamax has entered into
a letter of intent with Longview Advantage Limited ("Longview") to acquire all
of the issued and outstanding common shares of Longview as the Corporation's
Qualifying Transaction. Leezamax will be preparing an information circular
disclosing the details of this proposed Qualifying Transaction to be filed and
mailed to shareholders seeking Majority of the Minority Approval (as defined in
Exchange Policy 2.4). In conjunction with this special meeting, Leezamax will
also be holding an annual general meeting, which was due to be held before July
9, 2008. The Corporation has also obtained a Court of Queen's Bench order
extending the time for holding the annual general meeting to no later than March
31, 2010.


The Corporation has made an initial submission to the Exchange in respect of the
proposed Qualifying Transaction, and anticipates that is will be able to
complete the acquisition prior to the deadlines set out in the extensions
granted.


Completion of the proposed Qualifying Transaction is subject to a number of
conditions, including but not limited to, Exchange acceptance and if applicable
pursuant to Exchange requirements, Majority of the Minority Approval by the
shareholders. Where applicable, the transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that the transaction
will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the information circular,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


Forward-Looking Statements

Certain statements contained in this news release constitute forward looking
statements. The use of any of the words "anticipate", "continue", "estimate",
"expect", "may", "will", "project", "should", "believe", "subject to" and
similar expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements are based on reasonable assumption but no
assurance can be given that these expectations will prove to be correct and the
forward-looking statements included in this news release should not be unduly
relied upon.

Leezamax Capital Corp (Tier2) (TSXV:LZX.P)
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