Folkstone Capital Corp. announced that it and the current directors and officers of the corporation have entered into a share purchase agreement with Eric Owens, Mario Miranda and Eddy Canova. In connection with the foregoing, and subject to approval from the TSXV, it is proposed that the sellers will resign and that the purchasers will be appointed to the board of directors of the corporation.

It is anticipated that Mr. Owens and Mr. Miranda will serve as Chief Executive Officer and Chief Financial Officer respectively of the corporation.