Whiteknight Acquisitions Inc. Announces Closing of Its IPO

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - Whiteknight Acquisitions Inc. (the "Corporation"), is pleased to announce that the Corporation completed its initial public offering (the "Offering") today by issuing 3,000,000 common shares (the "Common Shares") at a purchase price of $0.20 per Common Share by way of a prospectus for gross proceeds of $600,000.

The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. (the "Exchange"). To date, the Corporation has not conducted operations of any kind and has not entered into an "Agreement in Principle", as such phrase is defined in Exchange Policy 2.4 – Capital Pool Companies.

Canaccord Genuity Corp. ("Canaccord") acted as agent in connection with the Offering. For its services, Canaccord received a cash commission equal to 10% of the gross proceeds of the Offering as well as options to purchase up to 300,000 Common Shares at an exercise price of $0.20 per Common Share, exercisable within twenty-four months from the listing of the Common Shares on the Exchange. Canaccord also received an administration fee for its services.

Upon the closing of the Offering, there were 5,800,000 Common Shares issued and outstanding, of which 2,815,000 Common Shares were being held in escrow.

Concurrently with the closing of the offering, the directors and officers of the Corporation were granted options pursuant to the Corporation's stock option plan (the "Plan") totaling an aggregate of 580,000 options exercisable for 5 years from the date of issue at an exercise price of $0.20 per share.

It is anticipated that the Common Shares will be admitted for trading on the Exchange under the trading symbol "WKA.P" at the opening of the market on or about April 7, 2011, or such other date as the Exchange may determine.