Westlake Completes Initial Public Offering

Westlake Capital Ltd. (the "Company") (TSX VENTURE:WLK.P) has completed its initial public offering pursuant to a Prospectus dated September 21, 2011 (the "Prospectus") filed with the British Columbia and Alberta Securities Commissions. Effective at the opening of the market on October 14, 2011, the Company's common shares (the "Shares") will commence trading on Tier 2 of the TSX Venture Exchange (the "TSXV") under the symbol WLK.P. The Company issued 2,000,000 Shares for gross proceeds of $200,000. Canaccord Genuity Corp. acted as agent for the offering. As compensation for acting as agent, the Company paid a 10% cash commission, a corporate finance fee, and issued options to purchase up to 200,000 Shares of the Company at a price of $0.10 per Share for a period of two years from the date the Shares commenced trading on the TSXV.

The Company also granted stock options to officers and directors of the Company to purchase up to 440,000 Shares at a price of $0.10 per Share, exercisable until October 6, 2016.

The Company is designated as a Capital Pool Company by the TSXV. The Company has not commenced commercial operations and has no assets other than cash. The purpose of the offering is to provide the Company with funds to identify and evaluate businesses or assets with a view to completing a Qualifying Transaction (as defined in the Prospectus). Any proposed Qualifying Transaction must be approved by the TSXV and, in the case of a non arm's length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed Qualifying Transaction. For further information regarding the Company, the offering, and the Company's management team, see the Prospectus filed with the Company's disclosure documents on SEDAR at www.sedar.com.

This news release does not constitute an offer to sell or a solicitation of an offer to sell 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 laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ON BEHALF OF THE BOARD

Gary Mathiesen, CFO and Director

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

Contacts: Westlake Capital Ltd. Gary Mathiesen CFO and Director [phone]