Enterprise Capital Corporation Announces Move to the NEX

Enterprise Capital Corporation (TSX VENTURE:ECE.P) (the "Corporation"), a
capital pool company, announces that pursuant to TSX Venture Exchange (the
"Exchange") Policy 2.5, the Corporation will be transferring its listing to NEX.
NEX is a separate board of the Exchange for companies previously listed on the
Exchange which do not meet, among others things, the ongoing listing
requirements of the Exchange.


It is expected that the Corporation's common shares will trade under the stock
symbol "ECE.H" and will be listed on the NEX on or about November 14, 2011. In
accordance with Exchange policies, the Corporation's common shares are currently
halted from trading and will remain halted until such time as determined by NEX,
which, depending on the policies of NEX, may not occur until the completion of
the Corporation's Qualifying Transaction.


As previously announced, the Corporation has entered into a letter agreement, as
amended, with Ecuador Capital Corp. ("ECC") pursuant to which the parties agreed
to complete a three-cornered amalgamation (the "Transaction"), which would
constitute the Corporation's Qualifying Transaction in accordance with the
policies of the Exchange. It is currently anticipated that the Corporation's
Qualifying Transaction will close in the first quarter of 2012. The Corporation
also anticipates that it will file a new Filing Statement reflecting updated
terms of the Transaction.


This news release includes forward-looking statements regarding the Corporation
and ECC. Such statements are based on the current expectations of the management
of the Corporation. The forward- looking events discussed in this news release
include the move to NEX, the completion of the Corporation's Qualifying
Transaction and the filing of a new Filing Statement. Such events may not occur
and could differ materially as a result of known and unknown risk factors and
uncertainties affecting the Corporation, including risks regarding economic
factors and the equity markets generally. No forward- looking statement can be
guaranteed. Except as required by applicable securities laws, forward-looking
statements speak only as of the date on which they are made and, unless required
by law, the Corporation undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information, future
events, or otherwise.


Completion of the Corporation's Qualifying Transaction is subject to a number of
conditions, including Exchange acceptance. There can be no assurance that the
Qualifying Transaction will be completed as proposed or at all. Investors are
cautioned that, except as disclosed in the Corporation's Filing Statement
prepared in connection with the Qualifying Transaction, any information released
or received with respect to the Qualifying Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of the
Corporation should be considered highly speculative.