Whiteknight Acquisitions II Inc. Announces Closing of Private Placement by Diamond Estates Wines & Spirits Ltd.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES.


Whiteknight Acquisitions II Inc. ("Whiteknight") (TSX VENTURE:WKN.P), a Capital
Pool Company, is pleased to announce that Diamond Estates Wines & Spirits Ltd.
("Diamond Estates"), the target company for the purposes of Whiteknight's
previously announced Qualifying Transaction to occur by way of reverse take-over
(the "RTO"), has completed its previously announced private placement (the
"Offering") of 41,756,060 subscription receipts (the "Subscription Receipts")
for gross proceeds of $8,351,212. Paradigm Capital Inc. acted as lead agent, on
behalf of a syndicate of investment dealers, including Canaccord Genuity Corp.
(collectively, the "Agents"), in respect of the Offering. 


In connection with the RTO, the Diamond Estates common shares to be issued
pursuant to exercise of the Subscription Receipts will be exchanged or converted
into an equivalent number of common shares of the issuer resulting from the RTO
(the "Resulting Issuer") upon satisfaction of the escrow release conditions. The
escrow release conditions (the "Conditions") are: (i) a definitive agreement
between Whiteknight and Diamond Estates regarding the RTO shall have been
entered into on terms acceptable to the Agent and all of the conditions
precedent to completion of the RTO shall have occurred, (ii) the TSX Venture
Exchange shall have conditionally approved the listing of common shares of the
Resulting Issuer, (iii) the receipt of all regulatory, shareholder and
third-party approvals, if any, required in connection with the RTO, and (iv)
Diamond Estates and Whiteknight shall not be in breach of any conditions of
agreements entered into between Diamond Estates and Whiteknight and the Agents
pursuant to the Offering, including compliance with all of the covenants
prescribed by the lenders to Diamond Estates in respect of outstanding
indebtedness, and the refinancing (or conversion into Resulting Issuer
securities upon closing of the RTO) of existing indebtedness in a manner
satisfactory to the Agents. 


Gross proceeds of the Offering are being held in escrow pending satisfaction of
the Conditions and upon their release shall be used as set out in the filing
statement of the Corporation dated August 29, 2013 and posted on the
Corporation's SEDAR profile at www.sedar.com. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities law and may not
be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
under an exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Whiteknight Acquisitions II Inc.
David Mitchell
CEO
[phone]
[e-mail]


Diamond Estates Wines & Spirits Ltd.
Murray Marshall
President
[phone]
[e-mail]