Bitumen Capital Announces Termination of Letter of Intent

    




 MONTREAL, July 26, 2012 /CNW Telbec/ - Bitumen Capital Inc.  ("Bitumen") a capital pool company listed on the TSX Venture  Exchange's NEX board (the "Exchange") announces that the letter of intent dated March 16, 2012 with the CVD  Group, previously announced on April 2, 2012, has terminated in  accordance with its terms. 

 Bitumen's board of directors have determined that they could not proceed  with the transaction as structured and that it is in its best interests  to resume the process of identifying and evaluating businesses and  assets with a view to completing its potential qualifying transaction. 

 Bitumen's common shares are expected to resume trading on the Exchange  on or about August 31(st), 2012. 

 Neither 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. 

BITUMEN CAPITAL INC.


CONTACT:  Richard T. GroomeChief Executive OfficerBitumen Capital Inc.Tel: [phone] ext 774Email: [e-mail] 


    

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