TYC.P Taycon Capital (Tier2)

TayCon Capital Corporation (TSX VENTURE: TYC.P) ("TayCon") announced today that Kevin Reed resigned as a director of TayCon effective August 18, 2009. The Corporation will commence a search for a new director in due course.

Morgan Cowl commented "Kevin has made a significant contribution to TayCon's vision, development and growth and we thank him for his efforts as a director."

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contacts: TayCon Capital Corporation Morgan Cowl President, CEO and Director (416) 704-0660