Carrus Capital Corp. Announces Shareholder Approval of Resolution to Reduce Small Shareholdings

Carrus Capital Corp. (TSX VENTURE:CHQ) (the "Company") announced today that a
special resolution to restructure its share capital in order to reduce the
number of small shareholdings was unanimously approved at a special meeting of
the shareholders of the Company held on February 22, 2012. The sole purpose of
the restructuring is to reduce the number of shareholders of the Company who
hold less than 500 common shares in order to reduce mailing expenses and to
provide small shareholders with an opportunity to liquidate their position
without incurring prohibitively expensive brokerage fees.


The share restructuring will involve the consolidation of the common shares of
the Company on a 1 for 500 basis on Sunday, February 26, 2012 and the subsequent
subdivision of the common shares of the Company on a 500 for 1 basis at 12:01 am
on Monday, February 27, 2012. Following the consolidation, any holder of less
than one common share will cease to hold common shares and will be entitled to
be paid cash consideration equal to the market value of their shares based on
volume weighted average trading price of the common shares on the five trading
days immediately preceding the consolidation date. Following the consolidation
and subdivision, any shareholder who held 500 or more common shares prior to the
consolidation will continue to hold one common share for each pre-consolidation
common share held by such shareholder.


Completion of the proposed consolidation of the common shares of the Company is
subject to approval of the TSX Venture Exchange. There will be no change to the
Company's stock symbol on completion of the consolidation and stock split.


About Carrus Captial Corp.

Carrus Capital Corporation's primary business is the identification of and
strategic investment in securities of publicly listed corporations offering
capital appreciation potential. Investments will be acquired and held for both
short-term gains and long-term capital appreciation, dependent upon the specific
investment.