Bitumen Capital Appoints David A. Johnson to its Board of Directors

MONTREAL, Aug. 2, 2012 /CNW Telbec/ - Bitumen Capital Inc. (TSXV: BTM.H) (the "Company") is pleased to announce the appointment of Mr. David A. Johnson to its Board of Directors to fill a vacant board position.

Mr. Johnson is Chief Legal Officer and a Director of the Board of Colt Resources Inc. (GTP:TSX.V) an exploration company holding gold and tungsten concessions in Portugal. He is also an attorney and trade-mark agent with his own law firm based in Montreal, Quebec, Canada. Mr. Johnson specializes in corporate law, commercial transactions and intellectual property. In addition to mining and exploration, he has also practised across several industries including, software, energy, real estate, manufacturing, clean tech, transportation and entertainment in Canada, France, Portugal, Germany, Albania, the United States of America and Israel. Mr. Johnson has several years' experience at the senior management level in a variety of companies and not for profit organizations.

"We welcome the addition of Mr. Johnson to the Board. His legal background will be an excellent complement to the current Board of Directors", states Richard Groome, President and CEO, Bitumen Capital Inc.

The appointment is subject to TSX Venture Exchange approval.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: BITUMEN CAPITAL INC.

Mr. Richard Groome, President and Chief Executive Officer, Bitumen Capital Inc., [phone], [email protected]