Midpoint Announces Changes to Officers and Directors

TORONTO, Nov. 3, 2015 /CNW/ - Midpoint Holdings Ltd. (the "Company") (TSXV: MPT) is pleased to announce the appointment of Oliver Berkeley to its board of directors.

Born in the United Kingdom, Mr. Berkeley obtained a Bachelor of Science at the University College London and was awarded a University of London Laureate for achievement and service as an executive sabbatical officer. He trained as an accountant in the City of London in Corporate Recovery Services and went on to work for Banque Indosuez providing commercial project management support to private off shore investors in London's commercial real estate sector.

Mr. Berkeley is currently the Chief Executive Officer of a Canadian based real estate development group that also includes a civil construction business and private utility company. Mr. Berkeley specializes in providing strategic direction to business start-ups in highly regulated, multi-jurisdictional markets.

Mr. Berkeley has been working with the Company for a three month period providing business advice with respect to establishment of a Canadian subsidiary operation. He has also assisted in raising capital investment funds in support of the general operation of the business.

The Company also announces that Craig Astle has resigned as Chief Financial Officer effective immediately. The Company would like to thank Mr. Astle for his contribution and wish him every success in his future endeavours. The Company is currently seeking a replacement for Mr. Astle.

The Company also announces that Corbin Comishin will be stepping down as Chair of the Audit Committee while still remaining on the board of directors.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this press release.

This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint's Management's Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

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SOURCE Midpoint Holdings Ltd.

Midpoint Holdings Ltd., The Exchange Tower, 130 King Street West, Suite 3680, Toronto, ON M5X 1B1; John G. Booth, Chairman & CEO, [phone]; Marc Henderson, Director, [phone]