Wildlaw Capital Announces Proposed Qualifying Transaction with Suntricity Corporation

WILDLAW CAPITAL CPC 2 INC. ("Wildlaw Capital" or the "Company") (TSX
VENTURE:WLD.P), a capital pool company under the policies of the TSX Venture
Exchange (the "Exchange"), is pleased to announce that it has entered into a
non-binding letter of intent (the "LOI") with Suntricity Corporation
("Suntricity"), a manufacturer of solar modules. Pursuant to the LOI, the
Company proposes to enter into a transaction with Suntricity, constituting the
Company's "qualifying transaction" in accordance with Exchange Policy 2.4 -
Capital Pool Companies (the "CPC Policy"), whereby the shareholders of
Suntricity will become shareholders of the Company (the "Qualifying
Transaction"). Approval of the LOI has been received from the board of directors
of the Company and the board of directors of Suntricity.  


Suntricity, a company existing under the laws of the State of Nevada, is a
manufacturer of low cost, high-efficiency photovoltaics modules, which convert
sunlight directly to electricity. Photovoltaics modules continues to be the
largest component of solar market growth in the world. Through the use of
patented, reactive inks and simplified manufacturing, Suntricity intends to
commercialize the next generation of solar modules to enable massive scalability
and bring solar generated energy to 'grid parity' - the price point at which
solar energy competes directly with electricity generated from fossil fuels.
Suntricity currently has a cooperative research and development agreement with
the National Renewable Energy Laboratory, a government-owned,
contractor-operated facility funded through the U.S. Department of Energy and a
contractual relationship with Kodak's functional printing organization for
printing on extrusion and coating machines in Rochester, New York. 


Completion of the Qualifying Transaction remains subject to a number of
conditions, including receipt of necessary Exchange and regulatory approvals,
completion of satisfactory due diligence by the Company and Suntricity,
completion of definitive legal documentation, including a definitive transaction
agreement (the "Definitive Agreement"), and completion of a private placement
for minimum gross proceeds of $5 million (the "Private Placement").


Suntricity has an estimated valuation of approximately $28.1 million; however
the valuation of Suntricity for purposes of the Qualifying Transaction, remains
subject to final determination based partly on completion of the Private
Placement. Assuming completion of the minimum Private Placement, it is
anticipated that current Wildlaw Capital shareholders, current Suntricity
shareholders and subscribers to the Private Placement will hold approximately
3%, 83% and 15% of the common shares of the Company (or resulting issuer),
respectively, upon completion of the Qualifying Transaction.


If the Qualifying Transaction is completed, the Company will be engaged in the
solar power manufacturing business of Suntricity. The Qualifying Transaction is
not a non-arm's length transaction and, therefore, the Company is not required
to obtain shareholder approval for the Qualifying Transaction. However, the
Company intends to hold a special meeting of shareholders to approve certain
matters ancillary to the Qualifying Transaction, including a consolidation of
the common shares of the Company, approval of a new stock option plan and a
change in its name to Suntricity Holdings Inc. (or such other name as Suntricity
may determine). Following execution of the Definitive Agreement, the Company
will prepare and file a filing statement in accordance with the CPC Policy, as
soon as reasonably practicable.


It is contemplated that the Definitive Agreement will be executed by no later
than April 30, 2013 and, subject to the satisfaction of all conditions
precedent, it is anticipated that the closing of the Qualifying Transaction will
occur no later than June 30, 2013. However, there can be no assurance that the
Qualifying Transaction will be completed as proposed (or at all).


Trading of the common shares of the Company has been halted by the Exchange and
trading will remain halted in accordance with Exchange policies until all
required documentation with respect to the Qualifying Transaction has been
received and the Exchange is otherwise satisfied that the halt should be lifted.


A press release with further particulars relating to the Qualifying Transaction
will follow in accordance with the policies of the Exchange. 


Completion of the Qualifying Transaction is subject to a number of conditions,
including Exchange acceptance. Where applicable, the Qualifying 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 management information
circular to be prepared in connection with the Qualifying Transaction, any
information released or received with respect to the Qualifying 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.


The Exchange has in no way passed upon the merits of the Qualifying Transaction
and has neither approved nor disapproved the contents of this press release.


The statements used in this press release may contain forward-looking
statements, and are based on the opinions and estimates of management, or on
opinions and estimates provided to, and accepted by, management. These opinions
and estimates are used by management, and speak only as of the date of this
press release. Forward-looking statements in this press release include, but are
not limited to, the closing of the Qualifying Transaction and the anticipated
benefits from the Qualifying Transaction. Forward-looking statements involve
significant known and unknown risks, uncertainties and assumptions, including
with respect to the closing of the Qualifying Transaction, the timing and
receipt of all applicable regulatory approvals and third party consents, the
anticipated benefits from the Qualifying Transaction and the satisfaction of
other conditions to the completion of the Qualifying Transaction.
Forward-looking statements are subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ, possibly
significantly. Although the Company believes that its expectations reflected in
these forward-looking statements are reasonable, such statements involve risks
and uncertainties and no assurance can be given that actual events or results
will be consistent with these forward-looking statements. Except as required by
applicable law, the Company does not undertake, and specifically disclaims, any
obligation to update or revise any forward-looking information, whether as a
result of new information, future developments or otherwise. Readers are
therefore cautioned not to place undue reliance on any forward-looking
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wildlaw Capital CPC 2 Inc.
Peter Schriber
Chief Executive Officer
(604) 341-3371
(TSXV:WLD.P)
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