Folkstone Capital Corp., Directors Completes Management Changes and Sale of Shares

(TSX VENTURE:FKS.P) Folkstone Capital Corp. ("Folkstone" or the "Corporation")
wishes to announce the completion of the sale of 2,000,000 common shares of the
Corporation by the current directors and officers of the Corporation
(collectively, the "Sellers") to Eric Owens, Mario Miranda and Eddy Canova
(collectively, the "Purchasers") for aggregate proceeds of $150,000 or $0.075
per share. Such shares will continue to be held in escrow pursuant to the
capital pool company policies of the TSX Venture Exchange (the "TSXV"). 


In connection with the foregoing, all of the Sellers have resigned from their
positions as directors and/or officers of the Corporation, their stock options
have been cancelled and the Purchasers have been appointed to the board of
directors of the Corporation. Additionally, Mr. Owens and Mr. Miranda have been
appointed Chief Executive Officer and Chief Financial Officer and Secretary
respectively of the Corporation. Management wishes to thank each of the Sellers
for their contributions to the Corporation. 


The Corporation has obtained the consent of a majority of its disinterested
shareholders to complete the foregoing transactions and has received conditional
approval from the TSXV. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Folkstone Capital Corp.
Mario Miranda
Chief Financial Officer
905.467.5564