SPV.P Spvc Capital (Tier2)

SPVC Capital Corporation (TSX VENTURE: SPV.P) (the "Corporation"), a capital pool company, announced today that it has been granted an extension of the Corporation's deadline to complete a qualifying transaction from November 6, 2009 to March 31, 2010.

The Corporation was unable to complete a qualifying transaction within the prescribed time period pursuant to Policy 2.4 of the TSX Venture Exchange (the "Exchange") and applied to the Exchange for an extension. The Exchange granted an extension to March 31, 2010 in accordance with the Exchange bulletin dated September 11, 2009 describing temporary relief measures for current market conditions.

The TSX Venture Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts: SPVC Capital Corporation Charles Lepage, President, Chief Executive Officer and Chief Financial Officer (306) 291-4555