CII.P

Corporate Catalyst Acquisition Inc. (the "Corporation") (TSX VENTURE:CII.P), a
capital pool company, announced today that it has received listing approval for
its common shares from the TSX Venture Exchange (the "Exchange") and has closed
its initial public offering, through Canaccord Genuity Corp. (the "Agent"), of
2,084,400 common shares at $0.20 per share for total gross proceeds of $416,880.
The Agent acted as agent for the offering and received an administration fee and
commission equal to 10% of the gross proceeds. The Corporation also issued
non-transferable warrants to the Agent entitling it to purchase up to 208,440
common shares of the Corporation at $0.20 per share for a period of 24 months
from the date the common shares of the Corporation commence trading on the
Exchange.


The principal business of the Corporation is the identification and evaluation
of assets or businesses with a view to completing a "Qualifying Transaction".
The funds raised under the offering are to be used to pursue the Corporation's
Qualifying Transaction.


On behalf of the Board of Directors of

CORPORATE CATALYST ACQUISITION INC.

Paul Kelly, Chief Executive Officer and Chief Financial Officer

FOR FURTHER INFORMATION PLEASE CONTACT: 
Corporate Catalyst Acquisition Inc.
Paul Kelly
Chief Executive Officer and Chief Financial Officer
181 Bay Street, Suite 4400
Toronto, Ontario
M5J 2T3

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