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ACK

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Share Name Share Symbol Market Type
TSXV:ACK TSX Venture Common Stock
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  0.00 0.00% 0 -

Active Growth Releases Preliminary Results of 2012 Summer Work Program at Currie Madeleine Property

08/08/2012 10:08pm

Marketwired Canada


Active Growth Capital Inc. (TSX VENTURE:ACK)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES



--  185 chosen grab samples collected 
--  Assays of gold and base metals 
--  Mineralization occurs in several areas of the property



ACTIVE GROWTH CAPITAL INC. (TSX VENTURE:ACK) (the "Corporation")
(www.activegrowthcapital.com) is pleased to report the preliminary results of
its 2012 summer work program on its Currie Madeleine Property (the "Property")
consisting of 88 map designated claims in the NTS map sheet 32F/07, located 3km
East of the North American Palladium projects Flordin and Discovery and 1km West
of the former Rose Lake mine. Three distinct lithologies are present on the
Property: 1) andesitic and basaltic volcanic rocks in the southern section of
the property, 2) Taibi Group sediments in the upper-center section of the
property, and 3) basalts with plagioclase phenocrysts in the northern section of
the property.


The exploration work campaign was divided in two phase, the first phase took
place for 17 days and was focused on prospecting the Diagnos "CARD" target and
priority sector. The Property was about 50% prospected, maped and sampled by
past exploration company. The Corporation collected 185 chosen grab sample and
realized 46 metres of trenching. All samples were sent to the LAB for analysis.
Showing Roger's (Sample #698772) returned 0.067 ppm AU, 0,66% Cu and 0.98% ZN.
This encouraging showing was further tested during the phase II. Many other
chosen sample returned with anomaly value at different location on the Property.



During Phase II of the campaign, the team focused toward the northern part of
the Property which is located 1km from the Rose Gold Mine, which produced 5,374
tons of ore and about 3,400 ounces of gold (21.8g/t) in the 1930's and to
complete some trenching and target sampling around the Roger's showing that
previously returned anomaly value. The Roger's showing was revisited in Phase II
and resampled. The second sample, a couple of meters further, gave 0.88% Zn and
0.1% Cu. 5.5m of channel was cut and sampled also, results are pending. This
area is situated at the west end of the VLF conductor.


In the northern section, the geologist and prospector team visited the past
producing Rose Gold mine in order to study and visualise the geological
environment and search for similar context. They were able to identify on the
northern section of the Property a network of Quartz vein from wich the
principal vein was visible at many different surface locations at about 270m and
varied from 1 to 3 metre wide. A brechiated vein located South West returned a
2.32 g/t AU and another in North West gave 1g/t.


"The preliminary results from work completed on the Currie Madeleine Property
continues to demonstrate the region has great potential" states Active Growth's
President and CEO Martin Tremblay.


The Corporation awaits final results from the Roger's showing and the chosen
grab samples located on the new quartz vein section as well as some taken at
specific locations on the Property. They will be announced to the market when
they are available. The Diagnos target located in the center of the Property
were prospected at surface but no visible rock was found. The Corporation is
currently evaluating the possibility to complete a geophysical survey in order
to define a possible drilling target


With those encouraging results on the Rose mine sector and Roger's showing, the
Corporation geological team is currently organizing a Phase III that would focus
on these new discoveries and the completion of the prospecting toward the
southern part of the Property where Diagnos' CARD generated a primary Gold
target.


The technical information in this news release was approved by Mr. Roger
Ouellet, M. Sc. P. Geo, a Consultant to the Corporation, and a Qualified Person
under NI 43-101 regulations. 


About Active Growth Capital

Active Growth Capital Inc. is a TSX Venture Exchange listed junior mineral
exploration issuer whose long-term objective is to build a diversified company
focused on the acquisition, exploration and development of mineral properties.
Additional information about the Corporation is available on SEDAR at
www.sedar.com.


Cautionary Note Regarding Forward-Looking Statements 

Certain statements contained in this news release, including any information as
to our strategy, projects, plans or future financial or operating performance
and other statements that express management's expectations or estimates of
future performance, may constitute forward-looking information (collectively
"forward-looking information") within the meaning of Canadian securities laws.
Forward-looking information may be identified by terminology such as "may",
"will", "could", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "projects", "predict", "potential", "continue" or other similar
expressions concerning matters that are not historical facts and include, but
are not limited to, resource estimates, capital and operating expenditures,
economic conditions, availability of sufficient financing, receipt of approvals,
satisfaction of closing conditions and any and all other timing, development,
operational, financial, economic, legal, regulatory and/or political factors
that may influence future events or conditions. Such forward-looking statements
are based on a number of material factors and assumptions, including, but not
limited to, access to capital markets and other sources of financing and
associated cost of funds, final receipt of any required approvals, sufficient
working capital for development and operations, access to adequate services and
supplies, availability of markets for products, commodity prices, foreign
currency exchange rates, interest rates, availability of a qualified work force,
availability of manufacturing equipment, no material changes to the tax and
regulatory regime, the ultimate ability to execute business plans on
economically favourable terms and those material factors and assumptions
disclosed in other public filings of the Corporation. 


While we consider these assumptions to be reasonable based on information
currently available to us, they may prove to be incorrect. Actual results may
vary from such forward-looking information for a variety of reasons, including
but not limited to, risks and uncertainties disclosed in other public Active
Growth Capital Inc. filings, changes in general economic, market and business
conditions, competition for, among other things, capital and skilled personnel,
and other unforeseen events or circumstances, that may cause the actual
financial results, performance or achievements of the Corporation to be
materially different from estimated future results, performance or achievements
expressed or implied by the forward-looking statements. Copies of the
Corporation's public filings under applicable Canadian securities laws are
available at www.sedar.com. The Corporation further cautions that information
contained on, or accessible through, this website is current only as of the date
of filing such information and may be superseded by subsequent events or
filings. Other than as required by law, Active Growth Capital Inc. does not
intend, and undertakes no obligation, to update any forward looking information
to reflect, among other things, new information or future events. 


Although the Corporation believes many of its properties have promising
potential, its properties are in the early stages of exploration. None have yet
been shown to contain proven or probable mineral reserves. There can be no
assurance that such reserves will be identified on any property, or that, if
identified, any mineralization may be economically extracted. 


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. Statements in this
release that are not historic facts are "forward-looking statements" and readers
are cautioned that any such statements are not guarantees of future performance,
and that actual developments or results, may vary materially from those in these
"forward-looking statements.


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