AAQ.P Pacific Orient Capital

Pacific Orient Capital Inc. ("Pacific Orient") (TSX VENTURE:AAQ.P), a capital
pool company as defined under Policy 2.4 of the TSX Venture Exchange (the
"Exchange"), is pleased to announce that it is making progress on preparing the
initial submission to the Exchange in connection with its acquisition of 100% of
the common shares of Focus Celtic Gold Corporation ("Celtic"), a wholly owned
subsidiary of Focus Gold Corporation ("Focus Gold"), previously announced on
March 29, 2012. The acquisition will result in a reverse takeover of Pacific
Orient by Focus Gold and is intended to constitute Pacific Orient's qualifying
transaction ("Qualifying Transaction") under Policy 2.4 of the Exchange.


As a "capital pool company" pursuant to Policy 2.4 of the Exchange, Pacific
Orient was required to complete a Qualifying Transaction within 24 months from
the date of its listing on the Exchange. Accordingly, effective today the shares
of Pacific Orient have been suspended from trading on the Exchange. The Exchange
has given Pacific Orient until July 3, 2012 (90 days) to complete a Qualifying
Transaction. Pacific Orient and Focus Gold have every reason to believe and are
confident they will complete their Qualifying Transaction within that time.


About Focus Celtic Gold Corporation

Celtic is a wholly-owned subsidiary of Focus Gold, which acquires and develops
gold mining projects around the world. Through its subsidiaries, Celtic
currently holds exploration licenses in Northern Ireland, Republic of Ireland
and Scotland. For further information please visit www.focusgoldcorp.com.


About Pacific Orient Capital Inc.

Pacific Orient, a capital pool company within the meaning of the policies of the
Exchange, was incorporated on October 19, 2009 and was listed on the Exchange on
March 25, 2010. Pacific Orient does not have any operations and has no assets
other than cash. Pacific Orient's business is to identify and evaluate
businesses and assets with a view to completing a qualifying transaction under
the policies of the Exchange.


Trading of the common shares of Pacific Orient remains halted in connection with
the dissemination of this press release, and will recommence at such time as the
Exchange may determine, having regard to the completion of certain requirements
pursuant to Exchange Policy 2.4. Further details of the proposed transaction,
including the consideration to be paid, will follow in future press releases.


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable,
the transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be completed as
proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the transaction,
any information released or received with respect to the transaction may not be
accurate or complete and should not be relied upon. Trading in the securities of
a capital pool company should be considered highly speculative.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Pacific Orient believes that the expectations reflected in forward
looking statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be correct. Except
as required by law, Pacific Orient disclaims any intention and assumes no
obligation to update or revise any forward looking statements to reflect actual
results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward looking statements or
otherwise.

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