Leezamax Capital Corp. Announces Termination of Proposed Transaction

Leezamax Capital Corp. (TSX VENTURE:LZX.P) ("Leezamax") announces the
termination of its term sheet agreement with Longview Advantage Limited
("Longview"), a Calgary -based company that provides remote fleet and asset
management solutions to business. The proposed acquisition of Longview dated
August 28, 2009, has been terminated. Leezamax had previously announced
(November 5, 2009) that it had reached an agreement for the acquisition of 100%
of the issued and outstanding shares of Longview. Leezamax had intended that
this transaction would meet the requirements for a Qualifying Transaction (as
defined in TSX Venture Exchange Policy 2.4) however certain obligations under
the term sheet agreement were not fulfilled within the timeframes stipulated in
the agreement. The common shares of Leezamax were delisted at the end of June,
2010.


Leezamax continues to actively pursue other opportunities for potential
Qualifying Transactions and expects that it has enough cash to find and complete
a Qualifying Transaction.