LeBoldus Capital Inc. announces closing of Qualifying Transaction and
concurrent financing

CALGARY, Aug. 17 /CNW/ - LeBoldus Capital Inc. ("LeBoldus" or the "Corporation") (TSXV: LEB.P) is pleased to announce that it has closed its previously announced Qualifying Transaction and concurrent financing. For details about the Qualifying Transaction and concurrent financing, please refer to LeBoldus' Filing Statement which is available on SEDAR at www.sedar.com and press releases of the Corporation dated March 17, 2010, June 1, 2010, July 6, 2010 and August 6, 2010.

In connection with closing of the Qualifying Transaction, Mr. Paul Davis and Mr. Joseph Del Campo have been appointed to the Corporation's board of directors following the resignation of Messrs. Merchant and Magnan. In connection with their appointments, the Corporation has granted each of Mr. Davis and Mr. Del Campo an option to acquire 100,000 common shares of the Corporation at a price of $0.20 per share. Mr. Davis also replaces Mr. Merchant as the Corporation's President and Chief Executive Officer. The Corporation wishes to thank Messrs. Merchant and Magnan for their valuable contributions.

At closing of the concurrent financing, LeBoldus issued an aggregate of 1,750,000 units, each unit consisting of one common share and one share purchase warrant, at a price of $0.20 per unit for aggregate consideration of $350,000. Proceeds from the concurrent private placement will be used to fund its exploration expenditures and for general working capital purposes.

In addition, the Corporation issued 300,000 common shares to Duran Ventures Inc. as partial consideration at closing of the Qualifying Transaction. The securities are subject to a four month hold from the date of closing.

Following issuance of the final exchange bulletin relating to the Qualifying Transaction, the Corporation expects trading in its shares to recommence under the symbol "LEB".

The Corporation is also please to announce that it expects to hold its annual and special meeting on October 14, 2010. At the meeting, shareholders will be asked to approve a name change for the Corporation to "Viper Gold Ltd." A circular relating to the matters to be considered at the meeting will be delivered to all shareholders of the Corporation.

Investors are cautioned that, except as disclosed in the Filing Statement, 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 TSXV has in no way passed upon the merits of the Qualifying Transaction and has neither approved nor disapproved the contents of this press release.

Statements in this press release may contain forward-looking information, including expectations of the closing date of the Qualifying Transaction. The reader is cautioned that assumptions used in the preparation of such information, including the ability of LeBoldus to complete the Qualifying Transaction, may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. There is also a risk that the TSXV does not approve the Qualifying Transaction. The reader is cautioned not to place undue reliance on this forward-looking information.

%SEDAR: 00026745E

For further information: Paul C. Davis, President, Chief Executive Officer and Director, LeBoldus Capital Inc., 3700 - 400 Third Ave. SW, Calgary, AB, T2P 4H2, Telephone: [phone], E-mail: [email protected]