Acquisition of Securities of Minfocus Exploration Corp.

HOUSTON, TEXAS--(Marketwire - Jan. 24, 2012) - Minfocus Exploration Corp. - Sasco Partners, LP, of Suite 1107 - 2001 Kirby Drive, Suite 1107, Houston, Texas 77019 ("Sasco") announces that it has acquired pursuant to a private placement 6,000,000 units (each a "Unit") of Minfocus Exploration Corp. ("Minfocus") at a price of $0.25 per Unit. Each Unit is comprised of one common share (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant") and each Warrant entitles Sasco to acquire one additional Common Share at a price of $0.45 per Common Share for a period of 18 months expiring on July 20, 2013.

Sasco now owns 6,000,000 Common Shares, representing approximately 15.1% of the issued and outstanding Common Shares of Minfocus, and 3,000,000 Warrants, representing approximately 75.0% of the issued and outstanding Warrants of Minfocus. If Sasco were to fully exercise its Warrants, it would own 9,000,000 Common Shares, representing approximately 21.1% (assuming that only Sasco exercises its Warrants) of the issued and outstanding Common Shares of Minfocus. Sasco provided an undertaking to the TSX Venture Exchange not to exercise its Warrants in a manner and amount that would result in Sasco acquiring 20% or more of the issued and outstanding Common Shares of Minfocus.

This acquisition by Sasco took place by way of a private placement made under the "accredited investor" exemption contained in section 2.3 of Regulation 45-106 respecting Prospectus and Registration Exemptions. Such acquisition was made for investment purposes. Sasco expects to review from time to time its investment in Minfocus and may, depending on the market and other conditions, acquire additional securities of Minfocus in the open market, in privately negotiated transactions or otherwise, and/or dispose of all or a portion of the securities of Minfocus over which it now or hereafter exercises, or may be deemed to exercise, control or direction, or owns.

This press release is issued pursuant to the early warning report requirements of applicable securities laws of Canada which also requires a report to be filed on SEDAR containing additional information with respect to the foregoing matters. For further information or a copy of the related early warning report filed with the regulatory authorities, please contact Sasan Sadeghpour at (713) 956-5200 or visit www.sedar.com.

"Sasan Sadeghpour"

Manager of Sasco Investments, LP,

General Manager of Sasco Partners, LP