Walmer Capital Corp. Announces Closing of Initial Public Offering

This news release does not constitute an offer to sell or a solicitation of any
offer to buy the common shares in the United States. The common shares have not
been and will not be registered under the U.S. Securities Act of 1933 and may
not be offered or sold in the United States absent registration or an applicable
exemption for the registration requirements of such Act.


Walmer Capital Corp. ("Walmer" or the "Corporation") (TSX VENTURE:WAL.P) is
pleased to announce that on May 4, 2012, it successfully completed its initial
public offering ("Offering") raising gross proceeds of $300,000 pursuant to a
prospectus dated February 7, 2012. An aggregate of 3,000,000 Common shares in
the capital of the Corporation (the "Shares") were subscribed for at a price of
$0.10 per Share. The Corporation has received conditional listing approval from
the Exchange for its Shares and expects that trading will commence on May 8,
2012 under the stock symbol "WAL.P".


Union Securities Ltd. (the "Agent") acted as the agent for the Offering. The
Agent received a cash commission equal to 10% of the gross proceeds of the
Offering and an option to purchase 300,000 Shares at a price of $0.10 per Share
for a period of 24 months from the date of listing of the Shares on the TSX
Venture Exchange ("Exchange"). The Agent also received a corporate finance fee
of $15,000 plus GST.


Upon closing of the Offering, Walmer granted 500,000 incentive stock options to
its directors and officers which are exercisable within ten years from the date
of the grant at an exercise price of $0.10 per share. As a result of the closing
of its initial public offering, Walmer now has 5,000,000 Shares issued and
outstanding (2,000,000 of which are subject to escrow restrictions).


About the Corporation

Walmer is a capital pool company ("CPC") within the meaning of the policies of
the Exchange that has not commenced commercial operations and has no assets
other than cash. The board of directors of Walmer consists of James A.
Richardson, Peter David Bloch and Peter Reg Andrews. The officer of the
Corporation is James A. Richardson. Except as specifically contemplated in the
CPC policy, until the completion of its Qualifying Transaction, the Corporation
will not carry on business, other than the identification and evaluation of
companies, business or assets with a view to completing a proposed Qualifying
Transaction.


Forward Looking Information

This news release contains statements about Walmer's expectations regarding the
completion of the application for listing and the commencement of trading on the
Exchange that are forward-looking in nature and, as a result, are subject to
certain risks and uncertainties, such as final listing approval from the
Exchange. Although Walmer believes that the expectations reflected in these
forward-looking statements are reasonable as Walmer assumes it will be able to
fulfill the terms of the conditional listing approval granted by the Exchange,
undue reliance should not be placed on them as actual results may differ
materially from the forward-looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking statements
include failure to fulfill conditions of listing and inability to obtain
required regulatory approvals. The forward-looking statements contained in this
press release are made as of the date hereof, and Walmer undertakes no
obligation to update publicly or revise any forward-looking statements or
information, except as required by law.