LGC Capital announces changes to its executive team

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MONTREAL, Feb. 23, 2017 /CNW Telbec/ - LGC Capital Ltd. (TSXV: QBA) ("LGC Capital") today announced changes to its executive management team. Mr. John McMullen has been appointed as Chief Executive Officer of LGC Capital to replace Mr. David Lenigas. Mr. Lenigas will continue to be very active with LGC Capital and remain as Co-Chairman of the Board of Directors.

Mr. McMullen has been an advisor to LGC Capital since its listing on the TSX Venture Exchange in July 2016. In a career of more than 20 years, Mr. McMullen gained extensive experience in international capital markets, with specific emphasis on supporting and advising micro and small cap publicly traded companies. During that time, Mr. McMullen held various positions at major investment firms. He is a graduate of the University of Western Ontario with a Bachelor of Arts Degree and resides in Toronto with his family.

"John is the professional this company needs to take it to the next level," stated David Lenigas Co-Chairman of the Board of Directors. "He will provide the leadership and the necessary full time presence in the Canadian marketplace. Together, we will continue to build a company that will generate cash flow, by uniquely leveraging the opening of the Cuban economy to the world."

"I am extremely excited to have the opportunity to lead LGC Capital," said John McMullen. "I am motivated and fully committed to delivering the necessary results to take advantage of this great opportunity for our partners and investors."

The appointment of Mr. McMullen as Chief Executive Officer of LGC Capital is subject to regulatory approval.

About LGC Capital (http://www.lgc-capital.com)

LGC Capital has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.

Neither the TSX Venture Exchange nor its Regulation Service 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 LGC Capital Ltd

Company & Media Contacts: Canada contact: John McMullen, Chief Executive Officer, Tel.: [phone], Email: [email protected]; London contact: Anthony Samaha, Chief Financial Officer, Tel.: [phone]; Investor Relations contact: Dave Burwell, The Howard Group Inc., Tel.: [phone], Toll Free: 1-888-221-0915, Email: [email protected]