Process Capital News

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Process Capital Corporation (TSX VENTURE:POR) (the "Company" or "Process
Capital") announces that it has received information that Seaquest Capital
Corporation and Seaquest Corporation (the "Seaquest Companies") will have been
deemed to have made an Assignment in Bankruptcy pursuant to the provisions of
the Bankruptcy and Insolvency Act (Canada) (the "BIA") as of November 24, 2011.
The Seaquest Companies each filed a Notice of Intention to Make a Proposal under
the BIA on October 24, 2011. On November 3, 2011, BDO Canada Ltd. was appointed
Interim Receiver of the Seaquest Companies pursuant to an order of the Ontario
Superior Court of Justice.


It is the understanding of Process Capital that BDO Canada Ltd. will be the
Trustee of the Seaquest Companies.


Process Capital has been advised that the Seaquest Companies are the Beneficial
Owners of approximately 55% of the shares of Enviromatrix Technologies Inc.
("Enviromatrix"). Enviromatrix, to the best of the current knowledge of Process
Capital, is the Beneficial Owner of approximately 51.4% of the issued and
outstanding shares of Process Capital.


Enviromatrix has been providing Process Capital with interim funding as
unsecured, non-interest bearing shareholder advances to finance its day to day
operations and engineering costs associated with its waste oil refinery project.
According to the records of Process Capital, to date approximately $3,770,000.00
has been advanced by Enviromatrix to Process Capital to finance these costs.


As a result of the bankruptcy of the Seaquest Companies, Process Capital does
not anticipate that Enviromatrix will be able to continue to finance these
on-going costs, and Process Capital is in the process of seeking alternative
financing, however to date, there have been no firm commitments received by the
Company for financing. The failure of the Company to obtain alternative
financing may have serious consequences for the Company, including the inability
of the Company to finance its day to day operations, and any further advancement
of the Company's waste oil refinery project. 


It is the understanding of Process Capital that at least one party has
approached BDO Canada Ltd. and made a proposal to acquire the interests of the
Seaquest Companies in Enviromatrix, however Process Capital is unaware as to
whether that proposal will be accepted.


The Company will continue to monitor this situation, and will provide updates to
this Press Release when further information is available. 


About POR

Process Capital Corporation is an environmental technology investment company
publicly listed on the Toronto Venture Exchange (TSX VENTURE:POR).


Statements in this release which describe the Company's intentions, expectations
or predictions, or which relate to matters that are not historical facts are
forward-looking statements. These forward-looking statements involve known and
unknown risks and uncertainties which may cause the actual results, performances
or achievements of the Company to be materially different from any future
results, performances or achievements expressed or implied by such
forward-looking statements. The Company may update or revise any forward-looking
statements, whether as a result of new information, future events or changing
market and business conditions.